Analyst calls AMD “un-investable,” downgrades rating

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Another day, and AMD inches even closer to irrelevance . Just one day after the company posted pretty terrible quarterly earnings (“Net loss $157 million, loss per share $0.21, operating loss $131 million”), followed by a 16 percent drop in the company’s stock price and job cuts of 1,800 (15 percent of its global workforce), two financial analysts have now downgraded the company. It certainly doesn’t help things that the company’s CFO resigned abruptly last month, either. In a financial analysis report released Friday, Bernstein Research‘s Stacy Rasgon wrote: Read 2 remaining paragraphs | Comments

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Analyst calls AMD “un-investable,” downgrades rating

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