AMD (AMD): More Evidence Of Trouble

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By Douglas A. McIntyre Published

The Inquirer reports returned from Computex with grave concerns about the launch of AMD’s (AMD) new chip which is currently call Barcelona. AMD’s channel partners are concerned that the chip will not launch on time, or, that it will not live up to AMD’s high hopes for using it to get share back from Intel (INTC).

When The Inquirer asked about progress on the new chip it mostly got answers along the lines of "no comment". As the online tech site said, that is a response far worse than it was hearing a few short months ago.

Concerns about the new chip pushed AMD’s shares down from $14.40 last week to $13.59 before they made a modest recovery. But, the stock could test a new 52-week low at $12.60 if The Inquirer is right.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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