Feeds

AMD stock soars after positive quarterly report

Is the PC market's death spiral slowing? Some appear to think so

Business security measures using SSL

AMD's stock rose by as much as 13 per cent on Monday morning when the Wall Street moneymen returned to work after their Good Friday holiday and rewarded the microprocessor and graphics design firm for its upbeat financial report for the first quarter of 2014.

AMD's Monday, April 21 stock price rise

We can hear the champagne corks a-poppin' at AMD's headquarters from here (source: Yahoo Finance)

Some of that gain, however, should also be considered to be a result of statements by both AMD CEO Rory Read and Intel CEO Brian Krzanich that perhaps the PC market is mildly de-toiletizing.

"We are seeing signs that the [PC] market decline is slowing and potentially stabilizing, as some of the softness in consumer [demand] is being offset by demand for commercial PCs," said Read in a conference call after releasing his company's financial result's last Thursday.

Krzanich sang much the same tune during his conference call after releasing Intel's Q1 2014 results last Tuesday, when he said that he saw "signs of improvement in the PC business."

Read was careful to explain that he didn't see the PC market to be on the upswing, however, it's just that the downswing is slowing. "I think the PC market will be down. No question," he said.

What's happening is that the commercial PC market is marginally stronger than anticipated based on the Windows XP end o' life and a somewhat improved global economy, Read said, "and I think that's offsetting a bit of the pressure that we're continuing to see in consumer from tablets."

Neither is Read predicting a rapid resurgence in PC sales: he's merely revised his previous estimation of a 10 per cent decline this year to a 7-to-10 per cent decline.

How's that for hedging your bets? No matter – Wall Street seems sufficiently pleased and more upbeat about AMD's future.

But not all members of the moneymen community are so sanguine, of course. Bernstein Research analyst Stacy Rasgon, after admitting to his clients in a research note that he had been wrong about AMD's Q2 revenue projections, did get in a dig about the company's prospects.

"AMD's competitive position remains fairly awful," he wrote, "regardless of near-term upside."

Stay tuned... ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

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.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.