Intel and Advanced Micro Devices Continue to Navigate Challenging Environment
Five Star Equities Provides Stock Research on Intel and Advanced Micro Devices
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/20/12 -- Slowing global economies combined with a steep drop in PC sales has provided a challenging environment for the Semiconductor Industry in 2012. RBC Capital Markets has recently downgraded the sector as a result of a stalling inventory cycle. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Intel Corporation (NASDAQ: INTC) and Advanced Micro Devices, Inc. (NYSE: AMD).
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"Order rates are beginning to decelerate across multiple end-markets as macro concerns continue to weigh on the overall mood while a lack of inventory investment could post near-term revenue risks," stated RBC Capital analyst Doug Freedman.
Also research firm IHS iSuppli has recently altered their global semiconductor market chip revenue forecast from a growth of less than 3 percent to a contraction of 0.1 percent due to unfavorable economic conditions. This would be the first time revenues in the semiconductor market have contracted in 3 years.
Five Star Equities releases regular market updates on the Semiconductor Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Intel earlier this month slashed their third quarter outlook. The company now expects third quarter revenues to be approximately $13.2 billion. Their previous forecast had called for revenues to range from $13.8 billion to $14.8 billion. Intel is due to release their third quarter 2012 financial results on October 26, 2012.
Shares of the AMD fell sharply Tuesday after reporting Chief Financial Operator Thomas Seifert was resigning. "It seems the departure was voluntary, but it caps the replacement of essentially the entire executive staff since Rory Read became CEO just over a year ago -- not positive given continued share loss and questionable execution," says Daniel Berenbaum, a semiconductor analyst at MKM Partners.
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Datum: 20.09.2012 - 12:20 Uhr
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