Advanced Micro Devices (NYSE:AMD) is gracing us on the new list of 52-week lows this morning, and we have featured this one negatively in the 24/7 Wall St. “10 Stocks Under $10” subscriber letter.
Keep in mind that “The Tech Report” is only one such technology review site out there, but they ran something yesterday that started making the rounds last night. From the report: “AMD’s quad-core ‘Barcelona’ Opterons have been notably difficult to find since their introduction two months ago, and The Tech Report has learned that a chip-level problem has impacted the supply of these chips to both server OEMs and distribution channel customers.”
If this is the true culprit, at least a fix is said to be available in Q1. But the bad news is that the fix is still in the future. 24/7 Wall St.’s own Doug Mcintyre just noted: iSuppli says that AMD’s share of global chip revenue rose 0.6% to 13.9%, but that can hardly be deemed a recovery. Intel’s (NASDAQ:INTC) share during the period was 78.7%.
AMD shares are down over 2% at $9.44, and the previous 52-week trading range is $9.62 to $23.00. Less than two-years ago this was a $40.00 stock.
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Jon C. Ogg
December 4, 2007
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