SOURCE: Paragon Financial Limited

Paragon Financial Limited

July 11, 2012 08:20 ET

Advanced Micro Devices and Micron Technology Shares Fall as Demand From China and Europe Slows

The Paragon Report Provides Stock Research on Advanced Micro Devices and Micron Technology

NEW YORK, NY--(Marketwire - Jul 11, 2012) - It has been a tough week for semiconductor companies as recent reports from both Advanced Micro Devices and Applied Materials signaled demand from China and Europe is slowing. The Philadelphia Semiconductor Index (SOX) has fallen over 5 percent in the last week. "Both China and Europe are quite weak," Michael Splinter, Applied Materials' Chief Executive said. "Both markets are worse than they were at this time last year." The Paragon Report examines investing opportunities in the Semiconductor Industry and provides equity research on Advanced Micro Devices, Inc. (NYSE: AMD) and Micron Technology, Inc. (NASDAQ: MU).

Access to the full company reports can be found at:

www.ParagonReport.com/AMD

www.ParagonReport.com/MU

Applied Materials, producer of chip making equipment, on Tuesday stat ed that revenue for the fiscal year to fall short of previous estimates of $9.1 billion to $9.5 billion and adjusted per-share earnings of 85 cents to 95 cents. A new forecast will be provided after the company reports its earnings for the coming quarter.

The announce came shortly after Advanced Micro Devices reported weaker-than-expected demand due to "business conditions that materialized late in the second quarter, specifically softer-than-expected channel sales in China and Europe as well as a weaker consumer buying environment impacting the company's [manufacturing] business."

Paragon Report releases regular market updates on the Semiconductor Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

AMD announced that revenue for the second quarter ended June 30, 2012 is expected to decrease approximately 11 percent sequentially. The company previously forecasted second quarter 2012 revenue to increase 3 percent, plus or minus 3 percent sequentially. AMD will report second quarter 2012 results after market close on Thursday, July 19, 2012.

For the third quarter, Micron had a net loss attributable to shareholders of $320 million, or $0.32 per diluted share, on net sales of $2.2 billion. The results for the third quarter of fiscal 2012 compared to a net loss of $282 million, or $0.29 per diluted share, on net sales of $2.0 billion for the second quarter of fiscal 2012, and net income of $75 million, or $0.07 per diluted share, on net sales of $2.1 billion for the third quarter of fiscal 2011.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.paragonreport.com/disclaimer