AMD stock takes a hit
Dark days
AMD'S ANNOUNCEMENT last night caused its share price to fall before the New Yoik bell tolled this morning. Subsequent trading saw the value of stocks in the chipmaker continue to slip and slide. Currently they are around 4.7 down on yesterday's close.
The company's plight was not helped by Goldman Sachs analyst James Covello who said AMD's business model "remains structurally broken". He is telling anyone who will listen to sell.
AMD's high for the year was $16.19, back in July, when Barcelona was still on the roadmap. A quick look at the ticker shows the price bobbing around $6.10 right now. The low for the year was $5.31 back in January, so you might say it could be worse.
Dirk Meyer says the only way from here is up. You'd have to agree with him. A new spectre of far or middle eastern bosses is probably disturbing his nightly dreams, a space normally only populated by pipelines and buses, we imagine.
And what of Hector? Can he possibly remain one of corporate America's well-heeled chiefs? Sheesh, what a pickle! µ
Comments
I've gots lots of thier stock
Why do i keep missing these moments. I could have sold and then bought more.ohhh hector
when is hector gonna quit?maybe a tad lower ?
Perhaps they could go a little lower, then Nvidia could aquire them =)This way when intel makes a GPU+CPU on a chip there will be atleast one company there to compete.. Its no big deal if the chip will be called Nvidia.. atleast we would get some balance and not a monopoly of these kind of chips.
Re: maybe a tad lower ?
Only problem with that nVidia won't aquire AMD because if they do AMD will lose the x86 licencing that it got from Intel. Which means no CPU/GPU's from AMD/nVidia.Besides the fact AMD could do that currently... well after they research and produce it since they do have ATI.
Vengence is mine
Several years ago I started my boycott of AMD products when I discovered that Bob Palmer was on their board of directors. Bob Palmer is the person who, as CEO of Digital Equipment Corporation, gutted the company and sold the shell to Compaq. I never expected that my boycott would be so effective. Yay!!!They need a Dirk ..
Put Dirk in at the top and sack the rest of the hopeless morons.Get a marketing department ... I volunteer for that job.
Keep Randy A because he is the only guy left who seems to want to stand up and be counted ...
Oh ... and get the Engineers some donuts and the litho guys some more help from IBM !!!