AMD (AMD) is making another 52-week low today, trading down to $9.44. Concerns that Dell (DELL) may not be committed to using as many of the company’s chips as they did in the last few quarters are hurting the company. There have also been reports that customers are unhappy with the performance of the new Barcelona chip.
iSuppli says that AMD’s share of global chip revenue rose .6% to 13.9%, but that can hardly be deemed a recovery. Intel’s (INTC) share during the period was 78.7%
AMD’s (AMD) market cap is not down to $5.24 billion of .89x revenue. At Intel that number is 4.11x and at Nvidia (NVDA) 4.71x.
A number of analysts are still concerned that AMD has too much debt to cover even if its operating income improves modestly.
Douglas A. McIntyre
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