AMD may bounce back in server market: analyst

Prospects are looking better for AMD as computer servers acquired last year in its purchase of tiny startup company SeaMicro bolster results

June 17, 2013
AMD logo

Prospects are looking better for Advanced Micro Devices Inc, the No. 2 maker of microprocessors for personal computers whose revenue fell sharply last year, as computer servers acquired last year in its purchase of tiny startup company SeaMicro bolster results, Barron’s said.

“SeaMicro offers AMD a chance to take share in the mainstream server-computer market, in which Intel sells about 96 percent of the chips,” Barron’s said, citing industry data. “SeaMicro’s technology looks good; its management team, astute; and the market opportunity, promising.”

Barron’s said Dan Niles, an investor with AlphaOne Capital Partners, believes AMD shares could double to over $8 by 2015 if company revenue grows to $7 billion and other sales measurements improve.

Company revenue fell 17 percent last year to $5.4 billion, following gains in 2010 and 2011, Barron’s said. Recent results were hurt by weakening sales of personal computers and strong demand for Intel’s Xeon line of server chips, the newspaper said.

(Reporting by Ransdell Pierson; Editing by Theodore d’Afflisio)

More hardware news

MacBook Air refresh, new Mac Pro unveiled

ARM unveils new processor for smartphones

Das Keyboard Model S “Quiet” closest thing to IBM Model M you’ll get

Tags: AMD, quicknews

Free Email Newsletter:
Subscribe

Shutterstock is the image partner of MyBroadband – technology images can be found here

Join the conversation

Connect with MyBB

twitterfacebookandroidappleblackberrynewsletterfeed

Poll

Are you working over the festive season?

View Results

Loading ... Loading ...

More News

FPB’s plan for online content regulation in South Africa

Cyber Government online security privacy

The Film and Publication Board says no one is being sidelined and there will be ample opportunity to discuss and change the policy document

How to avoid an email horror story

ashleymadison

When you are writing an email, imagine that it will inevitably one day end up on the Internet for everyone to see

Eskom’s R1.4 billion lunch bill

Eskom

According to reports, Eskom has awarded two catering contracts to the tune of R1.4 billion to ensure Medupi and Kusile workers are fed

SABC jokes not so funny to staff

SABC logo TV screens

Ellen Tshabalala may have gone on her way, but employees face more pressing problems.

Free MyBroadband Newsletter:
Subscribe
X
bool(true)