"The writing is on the wall at AMD as the company's revenues and earnings continue to decline with minimal hope of reversal. In the third quarter AMD reported a net loss of $157M with gross margins of 31%. Margins declined from 45% in the previous quarter due to a $100M inventory write-down, weaker consumer demand, and lower prices. There are no real bright spots as both computing solutions (microprocessors) and graphics have had substantial revenue declines (11% and 7%, respectively) year-over-year."
"With such a weak financial position the company lacks the flexibility to embark on an independent course of action that can save the company. There are no real concerns for 2013 as the company has a quick ratio of 1.28 but has $3.6B of total liabilities versus only $2B of liquid assets. The financial condition is even bleaker when considering the cash flows: AMD has had negative cash flows from operations and overall for the past two quarters. I believe AMD still has room to decline further."
Burn! Ha ha ha ha ha ha!