AMD Cut To Sell At Banc Of America On Server, Cost Fears
Capital of the United Kingdom — Advanced Micro Devices was downgradedded to deal from neutral at Banc of America Securities, that emphasised it is lulled premature to bottom fish the stock disdain a 62% drop in 2007. “No matter of whether AMD will be capable to present on its promise to rage the much-delayed Barcelona political platform in mass by the first or second living quarters of 2008, we think Barcelona will do very small to staunch the part losses AMD will likely witness in waiters and screen backgrounds vs. Intel’s more competitory line-up. Moreover, we consider that AMD’s price structure will be farther pressured by high depreciation and high material cost associated with the incline of quadruplet core portion in 2008,” the stone said.