Williams Financial Comments On Advanced Micro Devices After Management Meetings

Williams Financial Group has published a research report on Advanced Micro Devices (NYSE: AMD) after meeting with company management.

In the report, Williams Financial Group writes, "While we believe AMD is doing better than the broader PC market because of the success of its new products, the company characterized the current environment as “Ok”, with the emerging markets of China, India, Brazil, and Indonesia being strong, Europe being particularly weak, but not a large portion of revenue, and U.S. somewhere in between. Both customers and investors appear to be reacting positively to the hiring of Rory Read as CEO, with a particular appreciation by customers that Rory brings a level of “customer voice back to AMD”. We believe this and the strength of AMD's new products will allow the company to accelerate market share over the next few quarters."

Williams Financial Group maintains its Buy rating on Advanced Micro Devices, which closed yesterday at $7.34.