AMD Stock Sheds Another 10% on Weak PC Outlook
Analyst predictions of a declining PC market for this year are showing their impact on stocks.
AMD was hardest hit with a decline of more than 13 percent on Friday, sending the stock down 42 cents to $2.78. Adding to the recent slide in value, AMD is now listed with a market capitalization of just $1.96 billion.
AMD also warned investors that it expects its Q3 revenue to show a 10 percent sequential decline, which is worse than the previously forecast 1 percent, indicating AMD's substantial exposure to the current deteriorating economic climate for the PC industry.
According to AMD, "the lower than anticipated preliminary revenue results are primarily due to weaker than expected demand across all product lines caused by the challenging macroeconomic environment." Margins were impacted by lower than expected average processor selling prices, the company stated.
Intel has also been hit. The company did not show a massive hit, but Intel's stock continued its downward spiral, which began in April of this year at a peak of $28.38. Intel shares are down more than 20 percent since then and currently trade for $21.45, giving Intel a market cap of about $107 billion. Other indicators in the PC market such as Microsoft, have also suffered recent stock declines, despite the upcoming launch of Windows 8.
AMD said it will discuss its Q3 result on October 18 after stock market close.
and...Please thumb me down AMD fanboys.
Yeah, that will happen when your top of the line processor competes (poorly) with your rival's 18 month old mainstream chip. Fix your IPC regression and maybe you can charge $200+ for your chips again. Stop throwing more cores at the problem and give me decent single threaded performance again.
and...Please thumb me down AMD fanboys.
Yeah, that will happen when your top of the line processor competes (poorly) with your rival's 18 month old mainstream chip. Fix your IPC regression and maybe you can charge $200+ for your chips again. Stop throwing more cores at the problem and give me decent single threaded performance again.
Bonus if the country with the rip-off pricing has lower income average, even for the middle class. In China, if you convert their money to US dollars, many of the electronics cost around the same. But take in account of China's middle class's lower avg income, and those stuff becomes more expensive.
I think this part of the community only thumbs down if you mention anything good about Apple or blatantly say anything bad about any other tech company without any justification.
And it does not surprise me about intel. With most companies when they ship a new product line what do they normally do? They discount the old line to move them out. Has intel done this with the sandy bridge and ivy bridge line? Nope they are both priced almost the same across the board. So why do they do this? Well who is going to compete with them? Amd has backed off so they can price it at any point they wish.
So your choices as a desktop cpu? An over priced under performing cpu? Or an over priced higher performing cpu? It really hits the consumer where it hurts the most in either situation. And with intel still pushing out newer more powerful cpus and amd pushing out less powerful and over priced cpus the gap is only going to get bigger with things getting worse as the two companies get further and further apart in their cpu performance differences. I'm afraid things are only going to get worse from here on end.
Hmm...hostile takeover anyone??!! Maybe Intel?? or Intel & Nvidia?? If so then get use to vanilla.
Bro, that happens because AMD CPUs are not as fast moving as Intel CPUs.
I know cause I am from there as well
EDIT: in terms of sales, not performance, they don't sell as fast
Just goes to show how crappy analysts are, dictating for their own gain the turn of the market.
also, even Apple's stocks have fallen close to 10% iirc. So demand is just weak in general.
Haha do you know what happens in india? both amd and nvidia rip us off! the 680 and 7970 cost as much as last generations's 590 and 6990 do! lol.
That's the wrong way round. The new architecture didn't meet the challenge and that's when they announced that they were quitting the performance race.
and...Please thumb me down AMD fanboys.
Hey Stupid! I am from malaysia too. Buy directly with neweggs. Cheaper than bloody greed low yat BB.
Dude, lowyat is quite cheap already, the price they're charging for the CPUs AMD or Intel are already as cheap as it can get as the distributors themselves only sell them about RM5 cheaper at best.
Stores at lowyat mainly rely on supplier rebates to earn cash from CPUs and RAMs
Yeah I know it's AMD's fault that your local shop is selling stuff at ripoff prices!
All retards please thumb me down.
Those AMD and Intel 'made in Malaysia' but selling higher than neweggs? do you know why neweggs website malaysia suddenly 'in maintenance'? Use your brain dude. I rather buy online. I can wait 2 weeks delivery.
nope. You are huge wrong
much people now buy on-line, so low yat guys, please alert. Why your sales down (directly from low yat)