Only if your strategy is to average down. This POS is going way, way down. Probably to pennies.
The layoffs are just beginning. There will be another 15% cut in 1H 2013, per the CC. The leak about the cuts said 30-40%. This is just half the leaked number terminations. We will see the other 15-20% IMO.
AMD's revenues are dropping 10-13% per quarter. At that rate, it won't take long to send AMD spiraling into bankruptcy. Only cost cutting can delay this, since there's nothing in the pipeline that is going to change anything for the company.
AMD hasn't had an original idea in 40 years. You think it will start now?