So Much for the Silicon Revolution
From SG Cowen today, on AMD:
AMD shares are where they were in 1983, returning 0% over the past 19 years.
Wow, a tech investment on which you haven't lost money (except to inflation). There's something to be said for that.
We should all take our hats off to AMD. While the company and it's shareholders have not benefitted, can you imagine how much Intel chips would cost, and how many interations we'd be behind, if AMD hadn't been chasing them on price and performance all these years? It's a numbing statement on how ruthless the markets can be.
10:50:00 AM 
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