Advanced Micro Devices (AMD)

[iam802]

AMD goes fabless. They call it the 'Asset Smart' strategy. Fancy name. But, It think it's the a good move.

http://www.forbes.com/technology/2008/1 ... 13amd.html

[winston]

Not vested.

Advanced Micro Devices Inc. (AMD), is also due after the closing bell on Thursday.

AMD is a semiconductor company, providing processing solutions for the computing and graphics markets in the United States, Canada, Europe, and Asia.

Thomson Reuters has estimates of $0.07 EPS and $1.55 billion in revenues. For the next quarter, estimates are $0.13 EPS and $1.66 billion in revenues; for the fiscal year its estimates are $0.47 EPS and $6.54 billion in revenues.

Competitors include Intel Coroporation (INTC) and NVDIA Corporation (NVDA).

Source: thestockenthusiast.com

[iam802]

Some consolidation for AMD. No bullish indication.

Current rumours includes possible new CEO

[iam802]

AMD Gains as Sales Forecast Tops Estimates

http://www.bloomberg.com/news/2011-07-2 ... chips.html

Advanced Micro Devices Inc. (AMD), the second-largest maker of processors for personal computers, rose in early trading after forecasting third-quarter sales that exceeded analysts’ estimates, citing orders for new chips.

Revenue in the current period will increase 10 percent, plus or minus 2 percentage points, from the second quarter, Sunnyvale, California-based AMD said yesterday. That indicates sales of as much as $1.76 billion. Analysts were estimating $1.7 billion, the average forecast in a Bloomberg survey.
Since Chief Executive Officer Dirk Meyer resigned in January, the company has been searching for a replacement to lead an effort against rival Intel Corp. (INTC) AMD’s new products, called Fusion, combine the functions of processors and graphics chips, aiming to win laptop market share. Analysts had been predicting a smaller sales gain amid evidence of lower consumer PC demand in developed markets.

“It’s a pretty good guide in a weak consumer PC market,” said Sujeeva De Silva, a San Francisco-based analyst at ThinkEquity LLC. “Fusion has done pretty well out of the gate. The success is showing.”

The shares rose as much as 10 percent to $7.15 in early trading after closing at $6.50 on the New York Stock Exchange yesterday. The stock had declined 21 percent this year before today.

Revenue Forecasts

AMD’s third-quarter forecast for as much as 12 percent sequential sales growth compares with an average analyst prediction of 8 percent, and is larger than the percentage growth at the midpoint of Intel’s revenue forecast for the period, said De Silva, who recommends buying AMD shares.
Second-quarter net income was $61 million, or 8 cents a share, compared with a loss of $43 million, or 6 cents, a year earlier, AMD said yesterday in a statement. Analysts had predicted profit of 7 cents, the average estimate in a Bloomberg survey. Sales fell 4.8 percent to $1.57 billion.
Revenue dropped because of slower demand for server chips, Chief Financial Officer Thomas Seifert said on a conference call yesterday. Gross margin, or the percentage of revenue remaining after deducting the costs of production, was 46 percent.

‘Top Priority’
Seifert is running AMD while the company looks for a successor to Meyer, who left after a dispute with the board over how quickly the company will be able to get into the market for mobile-phone and tablet-computer chips. AMD said yesterday it plans to have a processor for tablets in 2013.

“The search for a new CEO remains a top priority,” said Harry Wolin, AMD senior vice president and general counsel, on the conference call. “Meeting a timeline is not the driving force for the search. Finding the right candidate is.”

Wolin declined to say whether the company will be able to name a new leader this quarter.
Seifert has said he doesn’t want the top position permanently. The company was conducting a second round of interviews with a number of candidates, two people with knowledge of the hiring process said earlier this week.

People familiar with the search said last month that AMD had approached and been rebuffed by at least four candidates. Apple Inc. Chief Operating Officer Tim Cook, Oracle Corp. Co- President Mark Hurd, EMC Corp. Chief Operating Officer Pat Gelsinger and Carlyle Group Managing Director Greg Summe spurned the chipmaker’s overtures, the people said at the time.

[iam802]

AMD Picks Former Lenovo Executive To Be Its Chief Executive

http://online.wsj.com/article/BT-CO-201 ... 10187.html

Semiconductor maker Advanced Micro Devices Inc. (AMD) concluded its search for a new chief executive, naming former Lenovo Group Ltd. (0992.HK) executive Rory P. Read to the post.

Read, 49 years old, was most recently Lenovo's president and chief operating officer. Prior to Lenovo, Read spent 23 years at International Business Machines Corp. (IBM), holding a broad range of management positions. At AMD, he will also join the company's board.


...

[winston]

Semiconductor firm Advanced Micro Devices jumps 110% in the past three months.

[winston]

Semiconductor firm Advanced Micro Devices touches a new multiyear high.

[winston]

Semiconductor firm Advanced Micro Devices soars to a multiyear high… shares climb 200%-plus in six months.

[winston]

not vested

Tech Stocks to Buy: Advanced Micro Devices (AMD)

by Matthew Rutledge

This has already been a standout year for Advanced Micro Devices, Inc. (NASDAQ:AMD), with shares logging a torrid 200% gain.

But 2016 might just be a warm-up.

AMD has been undergoing a massive transformation and is gunning for mega markets like augmented reality (AR) and virtual reality (VR).

However, the real game-changer should be the datacenter. Right now, Intel Corporation (NASDAQ:INTC) controls about 98% of the market and it is a big-time money maker.

During 2015, the segment threw off about $7.8 billion in operating profits for INTC. And now AMD is positioning itself for a piece of the pie.

A key advantage is the company’s long history of developing graphics chips, which are becoming critical for next-generation artificial intelligence (AI) for cloud computing. And potential customers such as Alphabet, Amazon and Facebook Inc (NASDAQ:FB) would almost certainly like an alternative to Intel, as it should spark better pricing.

During the first half of next year, AMD plans to launch its new chip architecture called Zen, which will hit the sweet spot of the datacenter. The company already earned a victory here via a recent deal with Alibaba Group Holding Ltd (NYSE:BABA), the Chinese e-commerce site that operates about 35% of China’s websites.

Yes, AMD has a long history of disappointments and poor execution. But this time around, it looks like the company is putting together a spot-on strategy. And that should lead to continued gains for shareholders.

Source: Investor Place

[winston]

not vested

Why Advanced Micro Devices, Inc. (AMD) Stock Could Keep Sinking

The trend is shifting to bearish, but I am eyeballing this price target for an eventual dip-buy in AMD stock

By Matt McCall

Source: FUTR Stocks and ETF Bulletin

http://investorplace.com/2016/12/why-ad ... EK8S_l96M8