Three Scenarios Which Can Significantly Lower Our Valuation For AMD

Despite short-term weakness, AMD remains optimistic about its long-term growth opportunities. Though the company agrees that the next several quarters will be challenging, due to the adverse market environment, it remains focused on its strategy to improve its financial performance and build on its strengths through continued investment in its technology and IP, which will drive product innovation and differentiation. AMD expects the second half of 2015 to be stronger than the first half, across...