Feeds

Investor snaps up eight million AMD shares

AMD share price breaks $40 barrier

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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. ®

New hybrid storage solutions

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.