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
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