Analyst calls AMD "un-investable," downgrades rating

[xelosia]

Another day, and AMD inches even closer to irrelevance.
Just one day after the company posted pretty terrible quarterly earnings (“Net loss $157 million, loss per share $0.21, operating loss $131 million"), followed by a 16 percent drop in the company's stock price and job cuts of 1,800 (15 percent of its global workforce), two financial analysts have now downgraded the company. It certainly doesn’t help things that the company’s CFO resigned abruptly last month, either.
In a financial analysis report released Friday, Bernstein Research‘s Stacy Rasgon wrote:
“Our last tiny bit of conviction is, at long last, depleted,” adding, “We have no further confidence that any aspect of our prior structural thesis (margin accretion, cash flow, and balance sheet deleveraging) will play out in the foreseeable future.”
The kicker? “Frankly, the most common adjective that comes up when we discuss the company with clients is, simply, ‘un-investable.’"


Analyst calls AMD “un-investable,” downgrades rating | Ars Technica

[alan1476]

What do they call OCZ ?

[Cyberburnout]

Ouch. Hope they pull it together. Like now or they will end up folding within a year or 2. Will be very sad.

[realneil]

Sad news.

I happen to think that they are an important part of the CPU and Graphics market.
Without them around, we would most likely have to pay a lot more for our PC parts.
I wish them the best, but it isn't looking too good for them these days.

[Doctor_Death]

Great time to buy stocks, if they bounce back you'll be rich .

[Drdeath]

Great time to buy stocks, if they bounce back you'll be rich .

My thoughts exactly but they have to watch out. If there revenue gets too low, bankruptcy will mean liquidation. Watch Apple ot Microsoft snatch them up cheap in the next year.

[Cyberburnout]

My thoughts exactly but they have to watch out. If there revenue gets too low, bankruptcy will mean liquidation. Watch Apple ot Microsoft snatch them up cheap in the next year.

Just remember the Compant that gets bought stock value increases during a buyout, They company buying takes a short term hit. So if you bought cheap you will make a good amount of money.

[Cyberburnout]

I can see Apple going after them but I cant seee Microsoft buying AMD. Maybe ARM or TI. Maybe even Gloflo or TSMC buying them back. In a crazy kind of way I can even see Samsung buying them just for the patents. Lawsuits vs Apple.

[Doctor_Death]

Alright guys, lets buy a lot of stocks and become the majority share holders. I can see the head lines now " Pure OC forum members come to the rescue of AMD "

[Lil' ½ Dead]

Alright guys, lets buy a lot of stocks and become the majority share holders. I can see the head lines now " Pure OC forum members come to the rescue of AMD "

Brilliant.

[realneil]

Alright guys, lets buy a lot of stocks and become the majority share holders. I can see the head lines now " Pure OC forum members come to the rescue of AMD "

Go ahead and start without me,..........