Why Are Investors Beating Up on AMD?

Yes, it probably paid too much for ATI, but the chipmaker has goodies on the way and offers a big advantage in servers that Intel can't touch

It's a lousy time to be a company with a lot of debt, high fixed costs, and an acquisition that in hindsight looks ill-advised. In short, it looks like a lousy time to be chipmaker Advanced Micro Devices (AMD).

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