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Advanced Micro Devices, Inc. Message Board

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  • wootangclanage wootangclanage Dec 6, 2012 9:20 AM Flag

    iam shorting until this pos hits .50 cents pps

    Mubadala Development Company, the investment arm of the government of Abu Dhabi, increased its share of AMD by 19 percent and took an extra board seat last month, in a move that positions the company to bail out AMD should their cash reserves dip too low.

    Mubadala became the largest shareholder of AMD in a transaction announced in 2008 under which the investment company bought the chipmakers’ manufacturing facilities to create a made-to-order semiconductor producer called Globalfoundries. AMD is one of that company’s largest customers.

    AMD’s share gains have been exaggerated as some investors were forced to buy the shares to cover short positions, said Acree. That and the recent stock slump have made the shares volatile, said Ambrish Srivastava, an analyst at BMO Capital Markets.

 
AMD
1.84+0.07(+3.95%)11:45 AMEDT