TITLE

Analyst lowers AMD estimates on late Barcelona launch, expects cuts

AUTHOR(S)
Mutschler, Ann Steffora
PUB. DATE
October 2007
SOURCE
Electronic News;10/15/2007, Vol. 53 Issue 42, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that semiconductor analyst Doug Freedman of American Technology Research has lowered his estimates on Advanced Micro Devices for third quarter and fiscal years 2007 and 2008 based on the company's late Barcelona introduction and disappointing early performance. Freedman maintained its buy rating as cost saving cuts could be on the way. At the same time, the firm lowered its target price for AMD stock to $17, noting that valuation is compelling relative to historical trends.
ACCESSION #
27179735

 

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