Did Advanced Micro Devices Inc (NYSE:AMD) Invest Enough?

Posted by Lynn Eisler October 2, 2013 0 Comment 1773 views

Advanced Micro Devices, Inc (NYSE:AMD) announced that SAPHIRE Technology will be the AMD FirePro professional-graphics, exclusive global-distribution partner. SAPPHIRE is a front-running manufacturer and global supplier of various innovative technologies.

The company has had numerous successful collaborations with Advanced Micro Devices, Inc (NYSE:AMD) for over ten years now. It has partnered with the company to manage its products in different markets across the globe and has also been the company’s professional-graphics channel partner in the Asia region.

Opening up the world

The Senior director & General manager for Professional Graphics at Advanced Micro Devices, Inc (NYSE:AMD), David Cummings said that the two companies have shared a mutually beneficial, strong and productive collaboration for more than a decade. This latest announcement is the next rung of the ladder and helps them forge an even stronger bond. SAPPHIRE will help open up newer and lucrative markets for Advanced Micro Devices, Inc (NYSE:AMD)’s FirePro.

Tuesday’s trading

In Tuesday’s trading, Advanced Micro Devices, Inc (NYSE:AMD) rose by 1.31%. The shares opened at a price of $3.82, climbed to an intraday high of $3.94 and dipped to a close of $3.86. Approximately 26.06 million shares were traded on Tuesday while an average volume of 25.54 million shares were traded over a 30 day period. The 52-week low of the company’s shares is $1.81 and its 52-week high is $4.56. The company has a market capitalization of $2.78 billion.

About the company

Advanced Micro Devices, Inc (NYSE:AMD) is a global semi-conductor company and has numerous facilities across the world. It offers x86 micro-processors, either as standalone devices or as incorporated as APU’s. These are used in the consumer and commercial markets. The company’s embedded micro-processors are supplied to commercial, commercial-client and the consumer markets and its chipsets are used in mobile devices and desktop computers and tablets.

About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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