The price of AMD’s (AMD) shares ignored good news on PC sales from Hewlett-Packard (HPQ), the introduction of a quad-core chip,  and a  purchase of 8.1% of its shares by the investment arm of Abu Dhabi to fall to a multi-year low of $10.52.

The market still does not think the company can make it, at least not with it current balance sheet and cost base.

Douglas A. McIntyre