Amd Plays To The Traders

AMD issued a press release after market close on Monday headlined as a Q1 update. Executive summary: The results will stink badly in Q1 and Q2 will also have an ugly but still to be determined restructuring charge in Q2. End of message.The regulatory and corporate governance driven press release with Reg FD quality details such as financial statements and management comments surely followed by a conference call allowing analysts to ask probing questions will come in ten days. But right now AMD wants the market to know that it all stinks and they are surprised by the downturn.
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[Source: The Money Blogs]