AMD (AMD) Refocuses Fight to Less Competitive Areas
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Rating Summary:
48 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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This morning AMD (NYSE: AMD) publicly disclosed its strategy and roadmap to recapture market share in enterprise and data center servers.
Broadly speaking, AMD plans to focusing its R&D in areas where it can compete effectively, according to Wells Fargo analyst David Wong. In his view, this is an appropriate strategy and will help AMD reach a level of sustainable profitability in a reasonable period of time.
"We expect that in the higher end 2-way and 4-way server market Intel's (Nasdaq: INTC) share will grow further as AMD's presence continues to fade," said Wong. "We think that AMD will build its microserver processor business. We expect that Intel, with its early entry into the microserver market and its manufacturing technology advantage, will have a strong position in the microserver market as it develops."
Wells Fargo has an Outperform rating on AMD.
For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.
Shares of AMD closed at $4.05 yesterday.
Broadly speaking, AMD plans to focusing its R&D in areas where it can compete effectively, according to Wells Fargo analyst David Wong. In his view, this is an appropriate strategy and will help AMD reach a level of sustainable profitability in a reasonable period of time.
"We expect that in the higher end 2-way and 4-way server market Intel's (Nasdaq: INTC) share will grow further as AMD's presence continues to fade," said Wong. "We think that AMD will build its microserver processor business. We expect that Intel, with its early entry into the microserver market and its manufacturing technology advantage, will have a strong position in the microserver market as it develops."
Wells Fargo has an Outperform rating on AMD.
For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.
Shares of AMD closed at $4.05 yesterday.
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