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[ZDNET]AMD CFO Thomas Seifert resigns, sending stock down 8 percent

post #1 of 5
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Quote:
AMD has a bevy of worries---weak PC demand, graphics chip pressure, Intel's ability to boost performance regularly---and now CFO Thomas Seifert's resignation is another headwind.
Where does the No. 2 PC chip maker behind Intel go next?

Analysts have been asking those questions about AMD regularly and Tuesday's trading broad another round of squeamish analysts. AMD emphasized that Seifert departure "is not based on any disagreement over the company's accounting principles or practices, or financial statement disclosures.

The rationale for analysts is clear: Intel's revenue warning for the third quarter means more bad news for AMD, which is much weaker. Meanwhile, it's unclear how AMD's acquisition of SeaMicro will work out---especially since the unit is building systems on Intel's chips. And then there are looming issues with manufacturing partner GlobalFoundries, which just partnered with ARM. Simply put, AMD may ultimately be on the hook for more wafers than it can sell, said analysts. If that's the case, bloated inventories will be the norm.

http://www.zdnet.com/uncertainty-reigns-at-amd-amid-cfo-resignation-pc-sales-worries-7000004427/


Edited by Cloudfire777 - 9/18/12 at 3:02pm
post #2 of 5
Hmm... They can't seem to catch a break, can they?
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post #3 of 5
Thread Starter 
January was when they released the 7970. You can see that from the graph. But April to September have been painfully bad for them.
It all started when Nvidia released GTX 680 in March, and even though AMD lowered their price substantially, the stock fell down like a rock. AMD also released Trinity for notebooks in mid may, causing the stock to flatline from June to July, only to fall like a rock again.

Looking at stock prices, AMD is waaay below Nvidia. AMD with 3.8 and Nvidia with 13.5. Anyone knows why the difference is so big?
Edited by Cloudfire777 - 9/18/12 at 3:27pm
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post #5 of 5
Let the monopoly begin
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