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Stock Market & Financial Investment News

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June 12, 2014
09:10 EDTAMDAMD to create two business groups, Su named COO
AMD announced the latest step in the company's multi-year strategic transformation by combining the company's previously separate business units, global operations and sales organizations to create a singular, market-focused organization. The new structure will be implemented on July 1 and will be led by Dr. Lisa Su in her new role as AMD's Chief Operating Officer, reporting to CEO Rory Read. As a part of the re-alignment, AMD also announced it will consolidate its business units into two expanded business groups: The Computing and Graphics Business Group, which will combine AMD's client, consumer graphics and professional graphics businesses, as well as their related product engineering and sales functions and be led by Chief Sales Officer John Byrne; and the Enterprise, Embedded and Semi-Custom Business Group, which will combine AMD's server, embedded, dense server and semi-custom businesses, as well as their related product engineering and sales functions, and be led by Dr. Su.
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August 18, 2014
10:29 EDTAMDGoldman cuts sector view on semiconductors to Cautious
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08:04 EDTAMDSemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.

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