Arik Hesseldahl in News on May 16 at 1:41 pm PT
A few questions, none answered, about buyout plans.
News Byte
Arik Hesseldahl in News on May 16 at 12:40 pm PT
Shares of chipmaker Advanced Micro Devices have
fallen by more than 13 percent today following word of a downgrade to “sell” by Goldman Sachs analyst James Covello. With sales of PCs
slowing to rates not seen since records have been kept, the outlook for AMD, Covello argues, despite winning supply contracts from both Microsoft and Sony in forthcoming gaming systems, doesn’t justify its recent rise to as high as $4.40 a share. AMD was trading at $3.80 a share, down 59 cents with 30 minutes to go in the session.
Arik Hesseldahl in News on May 10 at 10:40 am PT
A lively TV lunch hour with a corporate raider.
Arik Hesseldahl in News on May 2 at 2:17 pm PT
With this board of directors, two turn out to be better than one.
News Byte
Arik Hesseldahl in News on April 18 at 1:50 pm PT
Shares of chipmaker Advanced Micro Devices fell by nearly 6 percent after hours after it
reported quarterly earnings that were slightly ahead of expectations, and which included guidance for revenue that was slightly higher than expectations. AMD reported a 13-cent per-share loss versus the 17 cents analyst had expected. Revenue was $1.09 billion, slightly ahead of the $1.05 billion expected.
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