Feeds

Investor snaps up eight million AMD shares

AMD share price breaks $40 barrier

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

A Securities and Exchange Commission (SEC) filing earlier this week showed that AMD stock has become hotter than fire, as yesterday its share price broke the $40 barrier. The filing, on a form SC13G, showed that on the 12th of January last, Friess Associates Inc, based in Jackson, Wyoming, bought 7,969,000 shares in the chip company. Friess Associates is an investment adviser. The large purchase of shares requires an SC13G form to be filed, to show that there is no intent "of changing or influencing the control of the issuer of such securities". In other words, it is an assertion that the buyer of the shares is not involved in any kind of takeover of the company. AMD's share price was around the $35 mark on the 12th of January. Its low point, in the last 52 weeks, was around $14 last April, but for months it rumbled along at $16, during the period it was launching its Athlon (K7) microprocessor. AMD reports its quarterly earnings next week. Intel's share price shot up by $12 yesterday to close at over $103 on Wall Street, a rise of over 13 per cent, following a better than expected Q4. Foster Freiss, who signed the filing and who is chairman of the company, has a "pigs in the trough" theory about investment, details of which can be found here. This theory is derived from his observation that it isn't necessarily the big fat piglets that get to eat first. The Brandywine Funds his firm manages has over $4 billion net assets. This investment gives it around five per cent share in AMD. The AMD filing can be found in the SEC Edgar database, here. ®

Internet Security Threat Report 2014

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?