I mentioned Crete not Greece, its the largest Greek Island
I know, I just found too ironic, and your behavior regarding everything AMD reminds me of the behavior of some Greeks regarding the crisis, which is delusional to say the minimum.
Whenever I listen to an AMD EC or read any transcript from any event, no matter my opinion on how bad they are managing the situation, I can sense they have a sense of urgency, and the message they invariably try to pass is something like "we know that our previous strategy didn't pan out, give is a bit of time and we'll work a new one".
Every single decision this year was to move away from their current mainstream business. Delay x86 projects? Check. Burn cash acquiring others companies? Check. Announce future partnership that does not include x86? Check. In essence, they are trying to overhaul the company, to disrupt its current business model that, in the words of the executive team, does not work.
But what's your interpretation of the facts?
There is nothing disrupting their new strategy if they will start producing SteamRoller at 20nm in 2014. On the contrary, they will need new and improve manufacturing processes like 20nm and 14nm-XM in the next years in order to be able to realize their new strategy.
Sound like George Papandreou campaigning in 2009 telling their voters that there was nothing wrong with the country, that the crisis was global and that the solution was to open the state coffers to keep things as they were.
I don't know if you do that out of sympathy for AMD because you think that everyone here is trying to unjustly bash the company or because you can't grasp market fundamentals, but either way I suggest you to review your premises. Nobody is here to gratuitously bash AMD and the market isn't pounding AMD stock just for the fun. People bash AMD because the company isn't executing well since the Athlon 64, and that was almost 10 years ago, and market is pounding AMD because nobody can really see a viable company
in the near future.