AMD: Avian Securities Repeats "Hate" Rating

June 12, 2008 at 11:00 am PT

Well, here’s a pretty unambiguous stock opinion for you.

Avian Securities analyst Avi Cohen issued a note today headlined “We Still Hate AMD.”

Cohen notes that Advanced Micro Devices (AMD) shares have been up in recent weeks on positive news flow about better performance and more competitive product offerings from its ATI division as well as some analyst comments suggesting possible share gains in servers and notebooks due to product delays at Intel.

“While we agree that AMD is likely to improve its product offerings in graphics,” he writes, “we disagree with the view that AMD is likely to gain meaningful shares in servers and notebooks. We are actually more inclined to short AMD on rallies given the new found optimism.”

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Tagged with: Advanced Micro Devices, AMD, Avi Cohen, Avian Securities, Barrons, Eric Savitz, frontpage, Tech Trader Daily

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