AMD shares plummet almost 18%

Zardon · Nov 2, 2009, 10:18 PM

AMD have had a great couple of months with the release of their new range of DX11 cards, however their share price has dropped 17.9% in the last few weeks.

We reported earlier today that former AMD boss Hector Ruiz has stepped down from AMD spinoff company Globalfoundries and this may be part of the reason for AMD shares plummeting. Hector is under question for possible communication of confidential information to one of the defendants in an insider trading case.

Other leading companies also drop, with Apple shares down 7.6% and Intel down 3.4%. Nvidia were also hit with a 9.0% drop which isn't being helped by their late introduction of new, competiting technology into the graphics sector.

Allan Campbell: Heaven Media

procupine14 · Nov 3, 2009, 01:31 AM

ouch! well the Nvidia thing was almost expected since they have yet to show some nice DX11 stuff and ATI is charging ahead. But wow, didn't expect that AMD's stock would plummet for the exact reverse reason, all that good performing DX11 stuff has to be worth something on the stock market I would think.

SeraphicSorcerer · Nov 3, 2009, 05:01 AM

I am pretty sure the Insider trading case has alot to do with it

procupine14 · Nov 3, 2009, 01:43 PM

Quote:

Originally Posted by SeraphicSorcerer

I am pretty sure the Insider trading case has alot to do with it

Yeah that is true.

Nov 2, 2009, 10:18 PM	#1
Zardon DriverHeaven Founder Join Date: May 2002 Posts: 32,481 Rep Power: 162	AMD shares plummet almost 18% AMD have had a great couple of months with the release of their new range of DX11 cards, however their share price has dropped 17.9% in the last few weeks. We reported earlier today that former AMD boss Hector Ruiz has stepped down from AMD spinoff company Globalfoundries and this may be part of the reason for AMD shares plummeting. Hector is under question for possible communication of confidential information to one of the defendants in an insider trading case. Other leading companies also drop, with Apple shares down 7.6% and Intel down 3.4%. Nvidia were also hit with a 9.0% drop which isn't being helped by their late introduction of new, competiting technology into the graphics sector. Allan Campbell: Heaven Media

Nov 3, 2009, 01:31 AM	#2
procupine14 Why is it Beeping!?!?! Join Date: Apr 2007 Location: USA, Missouri Posts: 1,306 Rep Power: 38 System Specs	Re: AMD shares plummet almost 18% ouch! well the Nvidia thing was almost expected since they have yet to show some nice DX11 stuff and ATI is charging ahead. But wow, didn't expect that AMD's stock would plummet for the exact reverse reason, all that good performing DX11 stuff has to be worth something on the stock market I would think. __________________ Laptop: HP dv6000 - Windows 7 Ultimate 64bit - AMD Turion 64 X2 TL-60(2.0GHz) - NVIDIA GeForce Go 7200 256MB - 4GB Kingston DDR2 667 (2x2GB) - 160GB 5400RPM SATA Hard Drive HTPC: Vista Ultimate 64-bit - AMD Athlon 5200+ x2 - 4GB OCZ DDR2 800 (2x2GB) - 250GB Seagate Barracuda - Samsung EcoGreen 1TB - Hauppauge single tuner HD - ASUS Radeon HD4550 512MB - ECS RS485M-M mobo - Creative X-fi soundcard - Seasonic 300W SFX PSU Other PC: Windows 7 Ultimate 64-bit - AMD Athlon 4200+ X2 - 1x 2GB Crucial Ballistix DDR2 800 - 250GB Seagate Barracuda - HIS 4850 512MB - DFI Infinity NF570 SLI-M2/G - CoolerMaster 400W PSU

Nov 3, 2009, 05:01 AM	#3
SeraphicSorcerer HardwareHeaven Senior Member Join Date: Jul 2002 Location: Florida Posts: 2,224 Rep Power: 135 System Specs	Re: AMD shares plummet almost 18% I am pretty sure the Insider trading case has alot to do with it __________________

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