http://www.valuewalk.com/2015/05/advanced-micro-devices-inc-amd-bankrupt-by-2020/
lol :biggrin:
lol :biggrin:
We contend that Advanced Micro Devices, Inc. (NYSE:AMD) one of Silicon Valleys semiconductor success stories, will file for bankruptcy by 2020. Since 2008, this legacy company has survived by slashing operating expenses, spinning off its manufacturing business and transitioning away from its core PC business to growth markets. While it may be succeeding in marketing its turnaround narrative to the market, we see ADM at a point of no return. We identify a toxic combination comprising an uncompetitive product portfolio, technological leap forwards by competitors, several structural challenges, poor positioning due to an ineffective strategy and a worsening balance sheet. While it is bagging some wins, the clock is ticking and AMD will be unable to drive profitability in industries where product leadership, rather than merely pricing, determines success.