AMD stock to rocket
- Posted by admin on March 27th, 2008 filed in Uncategorized
By laying people off
Don’t kill the messenger for bringing bad news, but the news that AMD plans to lay off 10 percent of its staff is definitely not great, especially if you work for DAAMIT.
However, if you own AMD stock this might be a good thing after all. By letting approximately 1,700 people go (10 percent), AMD will cut its operating cost significantly and the investors will see this as a positive step.
Even some companies such as Intel and Nvidia that don’t have any significant product related problems and delays are suffering due to the week economy and needless to say, AMD is neither out with some breathtaking frequencies and the economy is doing just as bad.
The cuts should happen within the next two weeks.
Source: http://www.fudzilla.com/index.php?option=com_content&task=view&id=6447&Itemid=1
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