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: 32,480 Rep Power: 179	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: 1,400 Rep Power: 58 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. __________________ HTPC/file server: Windows 7 Ultimate 64-bit - AMD Phenom x4 9850 - 4GB OCZ DDR2 800 (2x2GB) - 1TB WD Black - 4 x 1TB Hitachi DeskStar in RAID 5 - ATi TV Wonder Digital Cable Tuner - HIS Raedon 4850 512MB - ASRock N68C-S UCC mobo - OCZ ModExtreme Pro 500W PSU GF's Gaming PC: Windows 7 Ultimate 64-bit - AMD Phenom 9850 - 4GB OCZ DDR2 1066 - 500GB Western Digital GP - HIS Raedon 5770 1GB - ASUS M3A78-EM - Zalman 650W PSU Media Streamer: Win 7 Pro 64-bit - AMD Athlon x2 3200+ - 4GB SuperTalent DDR2 800 - 250GB SeaGate Barracuda - MSI K9N6PGM2-V2 - ASUS Raedon 5450 SILENT - FSP group 250W PSU

Nov 3, 2009, 05:01 AM	#3
SeraphicSorcerer HardwareHeaven Senior Member Join Date: Jul 2002 Location: Florida Posts: 2,295 Rep Power: 156 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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