AMD leads decline in chip stock prices

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AMD leads decline in chip stock prices

Indianapolis (IN) – In 2006, AMD purchased ATI for approximately $5.4 billion. Today, their market capitalization rests at $1.1 billion. AMD’s stock price is at its lowest point in history, currently at $1.75 per share as of 12:25pm CST, down 7.9% on the day. The prognosis for any kind of recovery is being hampered by the beating the entire technology sector has taken in recent weeks.

Intel, for example, is currently sitting on 12-year lows at $12.28. They’ve also just announced a solidified outlook on Q4 earnings. They will fall between $8.7B and $9.3B, down from an earlier estimated $10.1 to $10.9 billion.

The AMD/Fujitsu interest Spansion is currently sitting at $0.32 per share, down from an IPO in December 2005 of $12 which quickly thereafter rose to around $14. Motorola is at $3.06, its lowest price in almost 20 years.

In the overall tech industry, Apple and Oracle are the only real positive notes. Oracle is at $15.50, which is where they were in August, 2006, and is up slightly from the $12 range they sat at since the dot-com bust in the early 2000s. If we remove that dot-com bubble, Oracle is still increasing overall and near all-time highs.

Apple is at $81.24, which is where they were back in April, 2007. If we remove the bubble between then and now, Apple’s price is still well above their entire stock history dating back to the early 1980s. In fact, Apple today is over $40 higher per share than at the peak of the dot-com bubble in 2000/2001.

Financial data taken from Yahoo! Finance, and AMD, Intel, Spansion, Apple and Oracle.