Advanced Micro Devices, Inc.
) recently collaborated with OCZ Storage Solutions, a provider of
high performance client and business solid-state storage products
for its new Radeon R7 Series Solid State Drives (SSDs) to broaden
its gaming offerings.
The technology partnership will offer gamers a budget friendly
solution that will enhance the responsiveness of the entire range
of their desktop and mobile gaming applications by increasing their
performance and consistency.
OCZ Storage Solutions is a subsidiary of Toshiba Group Company and
offers high performance solid-state storage products for clients
and enterprises. It offers a spectrum of SSDs in a range of form
factors and interfaces that allows users to easily manage a huge
variety of applications.
The Radeon R7 Series SSDs are built using OCZ's A19 MLC NAND art
flash and Barefoot 3 M00 controller technology and provide
excellent write power of 30GB per day, read speed of 550MB per
second and write speed of up to 530MB per second. These drives are
now available in 120GB, 240GB and 480GB storage capacities at
online retailers, starting at $99.99 for 120 GB.
AMD's turnaround plan remains on track. The company intends to
expand its semi-custom business into high growth markets such as
the ultra-low power client, embedded, dense server and the
professional graphics markets, where AMD can offer differentiated
products that use the company's APU and graphics IP. Management
expects to generate approximately 50% of its revenue from these
high-growth markets by 2015.
After facing losses due to the decline in PC shipments, losing out
market share to Intel (
) and being a late entrant in new emerging markets, Advanced Micro
needs to do all it can to get the business back on track. Gaming is
certainly one of its strongest markets where it has won sockets at
all the three major console providers. AMD seems to be on track to
further strengthen its position in the segment.
Therefore, Advanced Micro's shift towards more conducive markets,
its game console wins, adoption of its new products, position in
graphics and good execution are expected to pull the company out of
the PC market doldrums.
Currently Advanced Micro carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the space include Silicon Motion Technology
) and NVE Corp. (
), both of which have a Zacks Rank #1 (Strong Buy).
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