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 Share on LinkedIn
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

Share your thoughts

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Would you rather use your fingerprint instead of a PIN to make card payments?

View Results

Loading ... Loading ...

More News

The ANC’s control over South African telecoms companies

ANC Wireless

The South African government is one of the biggest shareholders in local telecommunications companies, which is of concern to industry players.

Tremendous progress in South African energy security

Jacob Zuma in Germany speaking

Tremendous progress is being made in the government’s quest for energy security in South Africa, President Jacob Zuma said.

Pokemon Go Plus delayed

Pokemon Go Plus

Nintendo’s wearable accessory for Pokemon Go has been delayed by two months.

LastPass accounts can be “completely compromised”

Lastpass

A serious LastPass zero-day vulnerability has been found, which can compromise user accounts when they visit a malicious website.

Free MyBroadband Newsletter
×