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Wednesday, April 12, 2006
AMD & Spansion Beat Estimates
Both AMD and Spansion (SPSN) beat estimates. Spansion guided higher and the stock is trading up about a dollar in after hours. While AMD guided a bit lower for the second quarter and the stock is off about a dollar. Nothing to get excited about.
It's a shame AMDs forcast for the June quater is 'flat to down', that really didn't help boost the price.
I tracked AMD throughout 2005 and they made amazing gains (as did most tech). 2006 has been a torrid time for all concerned however. The mighty Google at least is clawing it's way back towards its previous 52WK high.
2 Comments:
It's a shame AMDs forcast for the June quater is 'flat to down', that really didn't help boost the price.
I tracked AMD throughout 2005 and they made amazing gains (as did most tech). 2006 has been a torrid time for all concerned however. The mighty Google at least is clawing it's way back towards its previous 52WK high.
Tech has been hit or miss in 2006 compared to 2004-2005. There are a few standouts. For the most part it has been a bad year for tech.
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