Even in the second quarter of last year, AMD said that low demand for desktop versions of Llano processors in Europe and China will cause a decline in revenues in the reporting period. AMD shares at that time fell by 25%, and after the announcement of the third quarter, in which the surplus Llano processors had to write off a total of $ 100 million, shares fell another 17%.
Of course, it disappointed many investors, and now they rallied to urge the leadership to answer AMD in the U.S. judicial system. Investor Group of Robbins Geller requested to represent the interests of the plaintiff in the District Court of Northern California, where the case will be heard on the deliberate misrepresentation AMD representatives on the status of the demand for Llano processors in the period from 27 October 2011 to 18 October 2012. At this time, the direction of AMD expressed hope for growth in demand for processors in 2012, but in fact it decreased in this period . Nevertheless, AMD expectations supported the company's stock at an artificially high level. All affected AMD shareholders can join the lawsuit within 60 days to claim compensation for their losses from falling share prices, if they were purchased in the period from October 2011 to October 2012. Related Products :
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