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Analyst: AMD to burn cash until well into 2010
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Posted on Friday, January 23 2009 @ 16:10:32 CET by Thomas De Maesschalck |
Jefferies & Co. analyst Adam Benjamin advised investors to sell AMD shares because he has little hope the company will turn around anytime soon. Benjamin says AMD has a weak balance sheet, limited flexibility because of a licensing agreement with Intel and significant cash burn that likely extends well into 2010:
Jefferies & Co. analyst Adam Benjamin recommended investors sell share of the company.
In a client note Friday, he told investors AMD has a weak balance sheet, limited flexibility because of a licensing agreement with rival Intel and "significant cash burn that likely extends well into 2010."
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