(Reuters) - Prospects are looking better for Advanced Micro Devices Inc, the No. 2 maker of microprocessors for personal computers whose revenue fell sharply last year, as computer servers acquired last year in its purchase of tiny startup company SeaMicro bolster results, Barron's said.
"SeaMicro offers AMD a chance to take share in the mainstream server-computer market, in which Intel sells about 96 percent of the chips," Barron's said, citing industry data. "SeaMicro's technology looks good; its management team, astute; and the market opportunity, promising."
Barron's said Dan Niles, an investor with AlphaOne Capital Partners, believes AMD shares could double to over $8 by 2015 if company revenue grows to $7 billion and other sales measurements improve.
Company revenue fell 17 percent last year to $5.4 billion, following gains in 2010 and 2011, Barron's said. Recent results were hurt by weakening sales of personal computers and strong demand for Intel's Xeon line of server chips, the newspaper said.
(Reporting by Ransdell Pierson; Editing by Theodore d'Afflisio)
Concealed Carry: What To Do When Stopped By The Police - Bearing Arms - Concealed Cary, Video
- What Is Your U.S. Income Percentile Ranking?
Doug Giles - Here’s Why Islam Wants Our Heads -- In THEIR Own Words
Colorado FOP slams 'fools' who say shooter alive due to race
Importing Terrorism and Other American Values | Human Events
How did the FBI manage to “lose” Sharyl Attkisson’s file?
Narrative Down? Neighbors Say Robert Lewis Dear Never Talked Religion Or Abortion | RedState