Analyst: AMD to burn cash until well into 2010

Posted on Friday, January 23 2009 @ 16:10 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."

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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