Advanced Micro Devices, Inc. (AMD) News: Sues Former Worker, Two Veterans Back, Growth Opportunities & More

Editor’s Note: Advanced Micro Devices, Inc. (NYSE:AMD)

AMD sues former workers for leaking information (evertiq)
Four former AMD employees is accused of leaking sensitive company documents when transferring to competing Nvidia Corp. Advanced Micro Devices, Inc. (NYSE:AMD) claims in a report filed to the federal court in Boston, that the former employees had transferred more than 100’000 electronic files linked to its graphics business just prior to them leaving the company, states a report in Bloomberg. “This is an extraordinary case of trade secret transfer/misappropriation and strategic employee solicitation,” Sunnyvale, California-based Advanced Micro said in the complaint.

Two veterans back to AMD (evertiq)
Advanced Micro Devices, Inc. (NYSE:AMD) has reportedly hired Charles Matar – who most recently worked at Qualcomm – as AMD’s vice president of System-on-Chip Development, writes Reuters (citing unnamed sources). The other addition to AMD’s team is Wayne Meretsky – coming from Apple – to become vice president, software IP development. Both engineers have previous work experience with AMD.

Advanced Micro Devices, Inc. (NYSE:AMD)Volume Buzz: Advanced Micro Devices, Inc. (NYSE:AMD), Brocade Communications Systems, Inc. (NASDAQ:BRCD) (SBWire)
Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On: Advanced Micro Devices, Inc. (NYSE:AMD), Brocade Communications Systems, Inc. (NASDAQ:BRCD). Brocade shares jumped 15.80% to $7.99. The company on August 13 said its fiscal third-quarter profit more than doubled as the manufacturer of data and storage-networking products recorded a $76.8 million litigation settlement gain, as well as higher margins.

3 Chip Stocks to Note Now: Intel’s PC Exposure, AMD’s Revamped Rewards, and Nvidia Backtracks on GTA V (Cheat Sheet)
Advanced Micro Devices, Inc. (NYSE:AMD) announced that it is refreshing its Never Settle bundle program called Never Settle Forever. In a change from previous models, “AMD is moving away from a fixed game model to a pick-your-game model that lets buyers redeem games off of a revolving list of several games,” AnandTech explains. Additionally, “AMD is moving redemption into 3 ‘Radeon Rewards’ tiers: Bronze, Silver, and Gold, with the tiers tied to video cards of increasing value.”

AMD: Growth Opportunities & Challenges In The Game Console Market (Trefis)
In an effort to reduce its dependence on PCs, Advanced Micro Devices, Inc. (NYSE:AMD) launched a semi-custom chip business unit this year where the chip combines its central processing and graphic capabilities and can be integrated with its customers’ intellectual property. The new unit focuses on high-volume, high-value applications that span a wide range of markets, including gaming. AMD believes that the semi-custom model has the potential of being a long-term revenue generator for the company. Advanced Micro Devices, Inc. (NYSE:AMD) devised a unified gaming strategy in March this year that addresses its plan to drive the gaming market across consoles, cloud platforms, tablets and PCs.