AMD's processor business has been in the dumps for well over a year. But a resumption of quad-core shipments and a reduction in its workforce (
http://www.news.com/8301-13579_3-9913182-37.html), though painful, may signal a turnaround.
Before we get to the good news, let's first consider a draconian scenario for Advanced Micro Devices. As the chipmaker was announcing Monday that it would lay off 1,650 employees later this year, the stock was hovering just above $6, down from the mid-$20s a year ago and about $40 two years ago. If things do not improve, the company may split in two, according to Ashok Kumar, an analyst at CRT Capital Group.
____________
*Source: News.com (
http://www.cnet.com/8301-13924_1-991...g=2547-1_3-0-5)
*
More...
Linear Mode
