A Product Delay For AMD (AMD)?

By Douglas A. McIntyre Updated Apr 3, 2:03PM EDT · Published Nov 15, 9:05AM EST

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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

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.