AMD share price soars

AMD's share price soared to the dizzy heights of $47 in after-market trading after the company announced quarterly results yesterday evening. When Wall Street opened this morning, the share price was $441/2 a rise of $31/2 on yesterday's closing price. That is likely to make Friess Associates very happy bunnies. The company signed an SEC form last week showing that it had nearly eight million shares in the firm. Figures about AMD's Q4 market share are hard to come by. Mercury Research estimates AMD took around 17 per cent of the CPU market in Q4, but AMD's own internal estimates indicate it mopped up 20 per cent of the desktop sector in Q4, sources close to the company told The Register today. AMD's medium-term goal is to gain 30 per cent share of the worldwide CPU market on desktops. The server and mobile markets are problematical, the same source said. ® See also AMD upbeat on Q4 sales record Investor snaps up eight million shares