AMD cannot seem to get itself out of trouble no matter what it does. Now the company has announced that it can’t meet its first quarter numbers.

The company’s war with Intel has killed it margins, and it share of the server market is no longer growing.  This is part of the reasoning as to why AMD was listed as one of our companies that management can’t fix.

The stock has dropped from $42.70 to $14.80, and it looks like it will drop again sharply today.  Shares are down at $13.55 on last look in pre-market activity.

Hard to imagine how things can get much worse.

Douglas A. McIntyre