|[March 11, 2014]
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class Action Involving ADVANCED MICRO DEVICES, INC. and Its Board of Directors and a Deadline of March 16, 2014 to Seek a Lead Plaintiff Position -- AMD
NEW YORK --(Business Wire)--
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the USDC for the Northern District of California on behalf
of investors who purchased Advanced Micro Devices, Inc. ("AMD (News - Alert)" or the
"Company") (NYSE: AMD) common stock between October 27, 2011 and October
18, 2012 (the "Class Period").
Click here to learn more about the action http://zlk.9nl.com/advanced-micro-devices-amd,
or call: 877-363-5972. There is no cost or obligation to you.
The complaint alleges that the Company made materially false and
misleading statements and/or concealed adverse facts regarding AMD's 32
nanometer Llano (the "Llano") Accelerated Processing Unit ("APU")
microprocessor. The complaint alleges that AMD repeatedly highlighted a
high interest and demand in Llano APUs, falsely implying that AMD's
business was in a "strong positin" and would "continue to rebound" in
In July 2012, AMD announced that weak demand for its Llano APUs in
desktop devices had resulted in AMD's reporting of lower than expected
revenue for the June 30, 2012 quarter. Then on October 18, 2012, the
Company announced that its gross margins for the fiscal 2012 third
quarter had declined more than 31% from its previous quarter, due in
large part to AMD's recording of approximately $100 million inventory
write-down, attributable to Llano's overstated value.
Shareholders of AMD have until March 16, 2014 to seek appointment as
lead plaintiff. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff. To obtain additional information,
contact Joseph E. Levi, Esq. either via email at�firstname.lastname@example.org�or
by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/advanced-micro-devices-amd.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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