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

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.