AMD has been upped on the Wall Street. They posted yesterday better than expected sales (645 versus 615 millions) for the second quarter. That is a good news because we need somebody but Intel around else we are going to be paying more for the processors.
"Advanced Micro Devices (AMD: news, chart, profile) announced late Wednesday a narrower, second-quarter net loss of $140 million on sales that rose 7.5 percent to $645 million. "
If they do get bought, that might make stockholders some money (at least those who bought at these low levels). Is there a market for a faltering chipmaker? Is AMD cheap in the "fundamentals" sense?
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