EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Advanced Micro Devices, Inc. – AMD
09 July 2015 - 3:20AM
Business Wire
The Rosen Law Firm, a global investor rights law firm, announces
it is investigating potential securities claims on behalf of
investors of Advanced Micro Devices, Inc. (NASDAQ: AMD) resulting
from allegations that Advanced Micro Devices may have issued
materially misleading business information to the investing
public.
On July 6, 2015, Advanced Micro Devices lowered its revenue
estimate for the second quarter ended June 27 due to weaker sales
of its chips to personal computer makers, specifically in the
consumer PC segment. Advanced Micro Devices estimates its revenue
will drop 8% from the first quarter, which is 5% lower than
previous expectations. On this adverse news, shares of Advanced
Micro Devices fell $0.38 per share or over 15% to close at $2.09
per share on July 7, 2015.
The Rosen Law Firm is preparing a class action lawsuit to
recover losses suffered by Advanced Micro Devices investors. If you
purchased shares of Advanced Micro Devices on or before July 6,
2015, please visit the firm’s website at
http://rosenlegal.com/cases-663.html for more information. You may
also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law
Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20150708006180/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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