Feeds

AMD share price tipped for $56 by YE

Meanwhile Sanders sells half a million

  • alert
  • submit to reddit

Intelligent flash storage arrays

The share price of Advanced Micro Devices (AMD) closed at $41.375 on Wall Street last night, as yet another broker gave it the thumbs up. Broker Needham and Co has repeated its advice to buy and estimated that in a twelve month period the stock could be worth as much as $56. AMD's share price has, however, gone through the roof since it bumped along in the bargain basement for months at $16 during last summer. That was before it introduced its Athlon microprocessor, which now appears to be gaining some momentum in the corporate market, compounded by difficulties rival Intel has had in delivering sufficient Coppermine Pentium IIIs to sate demand. Meanwhile, it emerged that Jerry Sanders, charismatic chairman and CEO of AMD, disposed of half a million AMD shares towards the end of last month. The details were reported on a form 144 with the Security and Exchange Commission at the beginning of the week. Any success that AMD has had in terms of shares, however, have been more than matched by its big brother, Intel. Yesterday, its share price closed up at $108.8125. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.