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How Bad Can AMD Get? |
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| Apr 08, 2008 01:00 PM UTC |
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Tracked Blogger
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4/7 - "Advanced Micro Devices, Inc. (Public, NYSE:AMD) plans to can 10% of its employees and expects Q1 08 revenues to fall 7%. The stock is down after hours and is fighting to stay above $6 a share. Will this company ever turnaround? AMD said it expects Q1 revenue of $1.5 billion, a 22% increase from the year-earlier period, but a 15% decline from the fourth quarter." "At some point this stock may become a 'Buy' but until it hits another 52-week low, the Masters aren't touching it." 
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AmTech Welcomes AMD's Cost-Cutting, Lehman Concerned with Declining Market Share
4/8 - "Analyst Doug Freedman of American Technology Research welcomed AMD's cost-cutting news. "AMD hasn't been efficient with the workforce it has," he says. "I don't think this cut will be material to its ability to be effective. It will emerge leaner and meaner. We saw what this did at Intel after it started cutting jobs that amounted to 20% of head count." Freedman rates AMD stock a buy wit...
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Cramer Prefers Intel over AMD
4/8 - "Final Move: Advanced Micro Devices (AMD), Intel (INTC)
Cramer finished Monday’s program by putting Hector Ruiz on his CEO Wall of Shame and said he prefers INTC."
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N/A risk: moderate |
AMD Q1 Hurt by Weak Demand, Other Names May Be at Risk
4/8 - "AMD negatively pre-announced Q1 revenues on weak end market demand. This conforms to our view that PCs along with wireless handsets are likely to drive negative earnings revisions in the first half of 2008....maintaining a Hold rating."
"We are lowering our estimates...Revenue: Q1 C2008E from $1.66 billion to $1.5 billion; C2008E from $7.145 billion to $6.402 billion...EPS: Q1 C2008E ...
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