Don't be so quick to jump on Berstein's Boat...Stacy Rasgon is not the brightest bulb when it comes to making the right call...This is from just 7 months ago and Mr. Rasgon's love affair with AMD did't pan out as he predicted...Looks like he is trying to make up for his lame belief that AMD would "outperform"...Last time I looked, AMD was getting close to $3 bucks...less than half than when he said it going higher!
"Feb. 13, 2012:
SAN FRANCISCO (MarketWatch) — Shares of Advanced Micro Devices Inc. traded higher Monday, gaining as Bernstein Research raised its rating and said the chip maker has fixed a recent supply problem.
The stock added 3.4% to close at $7.29, as analyst Stacy Rasgon also argued that the Sunnyvale, Calif.-based company (US:AMD) would get a lift from an expected “snapback” in demand in the second half of the year.
“It now appears that AMD has secured the supply they need,” Rasgon wrote in support of the upgrade to outperform from market perform.
“This, coupled with an above-consensus view on demand into the back half of the year, and very respectable performance characteristics of Llano’s successor, Trinity, are enough to bring us back to the more positive side of the fence.”
Rasgon referred to AMD’s newest PC processor, part of its Fusion portfolio, a state-of-the-art processor that combines core computing with graphics processing capabilities.
AMD suffered a setback late last year when it announced that manufacturing problems at joint venture GlobalFoundries prevented the chip maker from producing Fusion chips in volumes needed to meet demand.
But AMD’s seen recovering from that problem. Rasgon said: “AMD’s recent results suggest that they have in fact solved the supply issues.”
The company also took a hit from disruption in the PC market caused by the hard disk drive shortage resulting from the Thailand flooding disaster.
But Rasgon said it looks like the PC market is poised to recover from that issue as well, projecting a “snapback in microprocessor sales in the back half of the year due to a recovery in HDDs.”
These guys are trying to beat the stock price down as much as possible so they can all buy in and reap the rewards... #$%$ me off... but as long as you stay for the the long haul, one can do ok... seeing it down 25 cents from yesterday's close after losing almost 1% yesterday is annoying... I'm in at 22.70 and 22.50, gotta hold the course and hope to come out ok...