Anyone have shares of AMD stock?

[JS80]

Originally posted by: Special K

Originally posted by: JS80

Originally posted by: dullard
AMD reports revenue will be far below expectations. AMD originally expected 1st quarter reveue at $1.6B-$1.7B, the street was expecting $1.55B, and now it looks to be more like $1.23B. That is far below expectations and below last year's revenue. Full Story.

Result: AMD stock up nearly 4%. Bah, it was so close to buying levels. But I think it'll be back down again.

damnit why didn't they just wait to announce this until the stock hit 12?!?!? ARGHHHH

I'm a total stock n00b - why would them announcing 1st quarter revenue to be far below expectations cause their stock to rise? Isn't their announcement a bad thing?

they are cutting costs and wall st interpreted that as "we are going to focus on short term earnings"

 

[LegendKiller]

Originally posted by: JS80

Originally posted by: Special K

Originally posted by: JS80

Originally posted by: dullard
AMD reports revenue will be far below expectations. AMD originally expected 1st quarter reveue at $1.6B-$1.7B, the street was expecting $1.55B, and now it looks to be more like $1.23B. That is far below expectations and below last year's revenue. Full Story.

Result: AMD stock up nearly 4%. Bah, it was so close to buying levels. But I think it'll be back down again.

damnit why didn't they just wait to announce this until the stock hit 12?!?!? ARGHHHH

I'm a total stock n00b - why would them announcing 1st quarter revenue to be far below expectations cause their stock to rise? Isn't their announcement a bad thing?

they are cutting costs and wall st interpreted that as "we are going to focus on short term earnings"

More or less. Sometimes people can be pretty dang myopic.