Advanced Micro Devices (AMD) Lowering Workforce Up to 30%

Chip manufacturer, Advanced Micro Devices Inc. (AMD) is ready to declare intentions to lower almost 20% and 30% of its labor force, as per reported by an AllThingsD report late on Friday, which mentioned sources closely related with the matter.

AMD has a labor force of almost 11,700 employees, and a decline of that size would amount to around 2,300 and 3,500 jobs, the report stated.

Its competitors include Intel Corporation(NASDAQ:INTC) that slipped -0.92% to $21.48 with the total traded volume of 46.28 million shares and International Business Machines Corp.(NYSE:IBM) that increased+0.99% to $207.80 with the total traded volume of 2.71 million shares.

Other Technology stocks with bullish trend include Oracle Corporation(NASDAQ:ORCL) up +0.91% to $31.00, Taiwan Semiconductor Mfg. Co. Ltd. (ADR)(NYSE:TSM) up +0.60% to $15.12 and MetroPCS Communications Inc(NYSE:PCS) up +2.06% to $11.88, whereas with bearish trend include Seagate Technology PLC(NASDAQ:STX) down -0.64% to $28.07, Marvell Technology Group Ltd.(NASDAQ:MRVL) down -1.46% to $8.75 and A123 Systems, Inc.(NASDAQ:AONE) down -6.94% to $0.24.

Advanced Micro Devices, Inc.(NYSE:AMD)after opening at $2.86 hit high price of $2.99 and then closed at $2.74 by plunging -14.38% and on last session volume of 83.88 million shares was higher than its average volume of 29.51 million shares.

The stock price volatility was 4.40% for a week and 4.66% for a month as well as price volatility’s Average True Range for 14 days was 0.18 and its beta remained 2.20.

The liquidity measure in recent quarter results of the company was recorded 1.37 as current ratio and on the other side the debt to equity ratio was 1.81 and long-term debt to equity ratio also remained 1.37. The Company had total cash at hand $1.58billion and a book value per share as $1.58 in the most recent quarter.

AMDgenerated revenue of 6.38 billion in the following twelve months and earned -$629.00million. The Company showed a negative-9.86% in the net profit margin and as well as in its operating margin which remained -4.61%. Company’s annual sales growth for the past five year was 3.14%.