Feeds

AMD stock downgraded

Intel's mid-quarter statement due today

  • alert
  • submit to reddit

Banc of America Securities has reduced AMD from a 'neutral' investment rating to 'sell' ahead of Intel's mid-quarter market statement to be announced tonight.

BoAS said it based its decision on the belief that AMD will report second quarter financial results that fall below the chip maker's expectations.

Such a shortfall is likely to have arisen from the poor state of the global chip market. Analysts are eager to receive Intel's statement for the picture of the broader market it will offer.

Intel has already said it expects its Q2 revenues to fall between $6.4 billion and $7 billion. It posted revenues of $6.75 billion for its first quarter.

According to a Reuters report, a number of analysts expect Intel to narrow its revenue target range, but lower the mid-point - effectively focusing its forecast on a lower figure than Q1's revenue. ®

Whitepapers

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.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
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?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.