Advanced Micro Devices Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Advanced Micro Devices (NYSE: AMD  ) popped 19% in intraday trading today after delivering a better-than-expected quarter and outlook.

So what: Second-quarter EPS of $0.08 beat the $0.07 consensus estimate and reversed a loss in the year-ago quarter, even as sales fell 5%.  Management guided third-quarter revenue to $1.76 billion, 9% year-over-year growth and above the consensus forecast of $1.7 billion.

Now what: Weak consumer demand in developed markets and poor traction in server processors hurt revenue in the second quarter. There is no apparent end to the company's long CEO search amid reports that AMD has unsuccessfully wooed senior executives at Apple (Nasdaq: AAPL  ) , Oracle (Nasdaq: ORCL  ) , EMC (NYSE: EMC  ) , and Carlyle Group. That said, the company's Fusion processor appears to be off to a strong start and could drive market share gains in notebook PCs.

Interested in more info on Advanced Micro Devices? Add it to your watchlist by clicking here.

Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (4) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On July 22, 2011, at 4:34 PM, rav55 wrote:

    AMD is executing, not with the high performance Fusion but rather the middle and low end price point. That execution is also happening without a CEO. Seifert is certainly capable.

    Fow AMD to win big they do not have to do anything but gain a bit of market share. Despite a retreat in sales, what we are seeing is a gain in market share as new tech is driving profits.

    We are also seeing a beautiful short squeeze.

    We can thank Alex Guano for that!! How many of us remember his words of dooooooooooom.

    "JMP Securities analyst Alex Gauna this morning cut his rating on Advanced Micro Devices to Market Underperform from Market Perform "

    How do your words taste Mr. Guano???? Hmmmmm. How much money did you loose for your clients??

  • Report this Comment On July 22, 2011, at 4:38 PM, rav55 wrote:

    There is nothing that I need to know about AMD that I will learn from Fools. Your writers have been selling this little company short forever.

    How much money did you cost your readers today?

  • Report this Comment On July 22, 2011, at 5:13 PM, asH95 wrote:

    "There is nothing that I need to know about AMD"

    that I will learn from Fools.


    Not Just Fool-

    thing is, analyst (on earnings call) didnt even ask the million dollar question.


  • Report this Comment On July 22, 2011, at 7:03 PM, mtechac wrote:

    People, and companies, who uses the reputation and advise authority to mis-lead other investors by propagating false information should be prosecuted..

    They, and their associated fools, are making a killing profit when they know how the industry state is and how the particular real company status is, and knowing this, they use investor channels to mislead people and enrich themselves or the companies..

    Shame on all those people and companies, and shame on those people who trust those companies and analysts that often post garbage..

    Honest and ethical analysts should call out these jerks, and comanies, or else we are just going to have economic chaos and corruption, which unluckily, we already have...

    People and companies should be investigated and should provide where they got their information from. Alex Guana should be investigated to see if he created his information or not, since it is not the first time he uses his position and company name to mislead investors...

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