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

By - 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

Forum discussion

Shutterstock is the image partner of MyBroadband – more technology images

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Have you used WhatsApp voice calling yet?

View Results

Loading ... Loading ...

More News

South Africa’s most valuable export – brilliant South Africans

Made in South Africa

Many countries are benefitting from brilliant South Africans who are doing extraordinary things overseas

Treasury cuts off municipalities that owe Eskom billions

Stealing electricity eskom

National Treasury has begun withholding purse from as many as 60 Municipalities who owe power utility Eskom billions.

Sentech CEO moves to SITA

Sentech

The board at signal distributor for the South African broadcasting sector, Sentech, has accepted the resignation of CEO Setumo Mohapi, who moves to Sita

MultiChoice welcomes MyBroadband TV

MyBroadband TV smartcard

MultiChoice has welcomed fresh competition in the pay TV space

X

Newsletter Subscription


Name
Email *
Enter the following to confirm your subscription *
Captcha image


Free MyBroadband Newsletter
Subscribe
X
bool(true)