AMD share price plummets

THE GUYS at AMD failed to convince investors today as the firm's share price (tick: AMD) dropped nearly three dollars despite bullish talk from the firm after outstanding financial results.

And in contradistinction the Intel (tick: INTC) rallied somewhat after a spell in the doldrums, rising over 20 cents after the markets opened.

The thing that seems to be worrying AMD investors is the cautious words it said about the second quarter outlook.

The second quarter is always limp for technology firms, but perhaps they showed too much hesitation about Intel's future plans.

Those plans include a scheduled price cut and perhaps some more rebates on its current family of desktop chips - it has to clear out stock before Q3 starts - and that's quite logical.

AMD stood at $32.50 at press time, while Intel's price is currently $19.32. µ

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