AMD is nearly out of cash, says analyst
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Following a horrible quarter and market share losses, Advanced Micro Devices Inc. (AMD) is within two quarters of running out of cash, according to an analyst. This is shocking news if it proves to be true.
”While the company’s two preannouncements took away any surprise on the revenue line, margins and profitability were still materially worse than expected,” said Chris Caso, an analyst with FBR, in a report. ”In addition, AMD lost approximately $883 million in free cash flow in the quarter, worse than expected, and putting the company within two quarters of running out of cash.”
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