AMD: Avian Securities Still 'Hates' It

Well, here’s a pretty unambiguous stock opinion for you.

Avian Securities analyst Avi Cohen issued a note today headlined “We Still Hate AMD.”

Cohen notes that Advanced Micro Devices (AMD) shares have been up in recent weeks on positive news flow about better performance and more competitive product offerings from its ATI division as well as some analyst comments suggesting possible share gains in servers and notebooks due to product delays at Intel.

“While we agree that AMD is likely to improve its product offerings in graphics,” he writes, “we disagree with the view that AMD is likely to gain meaningful shares in servers and notebooks. We are actually more inclined to short AMD on rallies given the new found optimism.”

Cohen says delays in Intel’s (INTC) launch of its Montevina platform are “not likely to put much of a dent in Intel’s lead in notebook share.” And he also asserts that any delays in Nehalem will not lead to significant share gains for AMD,

Cohen’s overall advice:

We view rallies in AMD’s shares as an opportunity to short the stock given our belief that fundamentals at Intel are much better given their superior product offering, upcoming key architectural changes to their processors which will drive better margins and widening cost advantage over AMD late this year and into next year.

Comments

[tj115]

What bullshit