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Advanced Micro Devices, Inc. (AMD)

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  • Jan. 14, 2011, 8:36 AM
    Industry stalwart Intel's (INTC +0.8%) Q4 numbers prove life remains in the much-challenged traditional PC and server industry. Despite the rapid assault of smartphones, tablets and other devices, the chipmaker saw a 48% jump in earnings/share from Q4 last year, topping Street forecasts.
  • Jan. 13, 2011, 10:45 AM
    Wedbush is upbeat on Intel (INTC -0.5%), believing a "modest" 4Q earnings miss is already priced into its shares. And Wedbush sees "strong 1Q revenue tailwinds," including lean inventories, an aggressive Sandy Bridge launch, and strong China demand. Finally, it expects a "minimal impact" of tablets on the overall PC market.
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  • Jan. 13, 2011, 9:05 AM
    Deutsche Bank sees a 2011 reckoning coming to the high-flying semiconductor industry. Semiconductor revenue rose 30% in 2010, but that rate will drop to as low as 5% growth this year. But Deutsche Bank is uncommonly upbeat on PC market potential, predicting 15% unit growth, including tablet devices.
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  • Jan. 12, 2011, 2:33 PM
    Another strong day for the hot semiconductor sector, as ARM Holdings (ARMH +1.9%) and Nvidia (NVDA +11.6%) hit 52-week highs. Other chip companies breaking their previous highs are Atmel (ATML -0.3%), Cypress Semiconductor (CY +1.5%) NXP Semiconductor (NXPI -0.9%) and ON Semiconductor (ONNN +2.5%).
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  • Jan. 12, 2011, 8:08 AM
    A key reason for AMD (AMD +0.7%) chief Dirk Meyer's resignation was he didn't pursue a mobile strategy aggressively enough, says a company source. Meyer was more focused on the PC and server business. This rankled the board, which "wanted to be on the Yellow Brick Road toward tablets and smartphones," says Wedbush.
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  • Jan. 11, 2011, 10:54 AM
    It's hard to see the exit of AMD's (AMD -8.1%) head as a positive move, so Raymond James cut its rating to Sell, believing the firm in 'strategic limbo.' And AMD suffers from product delay, and 'the near absence of a cohesive mobile strategy.' Now the big chip fight isn't Intel (INTC +0.5%) vs. AMD, but Intel vs. Nvidia (NVD -2.3%).
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  • Jan. 11, 2011, 10:03 AM
    Intel's (INTC +0.6%) decision to pay Nvidia (NVDA -0.2%) a $1.5B tech license fee shows how mobile devices are remaking the semiconductor sector. And Nvidia is looking to get into Intel's core CPU business, using ARM Holdings (ARMH +2.5%) designs. "This is a big inflection point in the marketplace," says one analyst.
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  • Jan. 11, 2011, 9:05 AM
    Premarket gainers: SHLD +9%. APOL +8%. AMRN +8%. EMKR +7%. LEN +7%. TGB +7%. LPH +7%. CDE +7%. HILL +6%. NBG +6%. NUVA +5%. BQI +5%. BCS +5%. AIXG +5%. ASX +5%. VRTX +5%.
    Losers: TLB -22%. SVU -10%. JOE -7%. AMD -4%.
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  • Jan. 11, 2011, 8:26 AM
    The hasty departure of AMD (AMD) CEO Dirk Meyer, under apparent pressure from the board, signals the company will be on the fast track to expand in key areas like server systems and mobile devices. But struggling AMD is already in turnaround mode, and Meyer leaves it in better shape than he found it. Premarket, AMD -4%.
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  • Jan. 10, 2011, 5:02 PM
    After AMD's (AMD) CEO Dirk Meyer abruptly resigned, the board replaced him with CFO Thomas Seifert, who will act as interim company head. The board says that a "change in leadership at this time will accelerate" AMD's ability to attain growth and market leadership. AH, AMD is -4.2%. (PR)
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  • Jan. 10, 2011, 4:50 PM
    Nomura raised its rating on struggling AMD (AMD) to Buy from Neutral, believing, unlike the Street, the firm will see revenue growth this year. Nomura claims AMD's Fusion chips, which integrate graphics and CPU features, could beat Intel's (INTC) Sandy Bridge technology, and possibly win a MacBook (AAPL) slot. AMD -3.8% AH.
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  • Jan. 6, 2011, 3:51 PM
    All the CES excitement lifts Nvidia (NVDA) past its 52-week high of $18.92/share, and ARM Holdings (ARMH) above its prior high of $22.24/share. Other semiconductor firms to exceed 52-week highs are Atmel (ATML), Cypress Semiconductor (CY), NXP Semiconductors (NXPI), Qualcomm (QCOM), and ON Semiconductor (ONNN).
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  • Jan. 6, 2011, 2:07 PM
    Nvidia (NVDA) is +11.4% on news it will partner with ARM Holdings (ARMH) to build PC processors. At CES, it also unveiled its much-awaited Tegra 2 chips, which possess eye-catching graphics capabilities. Nvidia is a "solid play" for Android (GOOG)-based smartphones and tablets, says Barclays Capital.
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  • Jan. 6, 2011, 8:25 AM
    European antitrust regulators extend by 2 weeks their deadline to rule on Intel's (INTC) $7.68B buyout of McAfee (MFE), after receiving proposals from the chipmaker meant to alleviate their concerns. The officials worry how Intel's plans to bundle security features into its chips will affect competition. Premarket, Intel is -0.2%, and McAfee is +1.8%.
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  • Jan. 5, 2011, 4:50 PM
    As expected, at CES, Microsoft (MSFT) unveils a new flavor of Windows that can run on ARM Holdings (ARMH)-designed chips. "The next generation of Windows is going to evolve on new hardware," claims unit president Steven Sinofsky. Microsoft also runs demos with chips from Qualcomm (QCOM), Nvidia (NVDA) and Texas Instruments (TXN).
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  • Jan. 5, 2011, 3:29 PM
    Intel (INTC) CEO Paul Otellini declares his new Sandy Bridge chips will yield one-third of 2011 revenue, and help drive $125B in sales for the ailing PC industry. The Sandy Bridge architecture, unveiled this week, combines powerful graphics capabilities with CPU functions. The chips provoke mixed feelings in analysts.
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Company Description
Advanced Micro Devices Inc is a semiconductor company with facilities around the world. It operates in two segments: Computing Solutions and Graphics and Visual Solutions.