Galleon Group, which 24/7 Wall St. pointed out bought shares in AMD (AMD), may already regret that move.
Bloomberg writes "Advanced Micro Devices Inc., the world’s second-largest maker of computer processors, is late delivering its newest chip geared for servers, helping Intel Corp. (INTC) extend its lead in the market, customers in Taiwan said."
The so-called "Barcelona" chips were to head to customers in September, but sources say that they have not shipped yet. The new product was to be the "next big thing" for AMD, the chip that would give it a performance leg up on Intel.
The news service adds "Advanced Micro’s market share tumbled to 13.9 percent for server processors in the third quarter, down from 24.6 percent a year earlier, according to research firm IDC."
AMD shares will open today at $12.28, near their 52-week low.
Douglas A. McIntyre
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
