This is supposedly due mid 2014, your assuming AMD will still be in business then
AMD has gone up(not hugely) but well against Intel/Nvidia losses. AMD's losses this year are.... odd. You had several firms betting it would hit under $3, and when it did it went through the floor back to its market crash price of $1.9 ish.
Then the prearranged, contractually obliged share buy of about 5% happened. GloFo took 14-15% of the company in the fab sell off and as I've said before, looking through the agreement they were obliged to buy another 5% of so of the shares this year. Now that could both have been a huge cash cow for AMD, both because 5% of the company with a stock price around $8, and because it would either give them operational cash to bank on, or pay down a chunk of debt.
Anyway, volume wise AMD shares move 20-30mil a day, then in October it peaked at things like 120mil in a day or there abouts, right before someone was due massive investment. Not saying it is, but it comes across as, if someone was due to spend that amount of cash and could manipulate the company and buy at 1/4 of the price... I would.
Wouldn't be surprised to see that go up steadily back towards a healthy price. Likewise GloFo(more accurately, one of the guys in a group of investors that own ATIC I believe and GloFo beneath that) own 20% of AMD and for the money they are pushing into investments and companies to make long term profit after the oil money is gone I highly doubt they will let AMD die(if it came to it they'd probably buy them outright, but realistically invest and take say 49% of the company to keep it afloat).
Consoles will push AMD sales big time, push their profits, but most importantly, push optimisation and code support of their CPU's, making AMD much more competitive over time. Gaming is clearly both not going to die, and a huge reason for the enthusiast market to upgrade.
the likelyhood of AMD not being around in 2014 is next to nil, and 2014 could be really good, both consoles AMD supported, probably 2+ years of games being optimised for those consoles, and therefore AMD by that point, the potential for Intel to be screwing over enthusiasts just as, most importantly, consoles suddenly get WAY WAY more power than they've had for 8 years, meaning console versions of games increase in graphical quality by a huge amount, PC versions with higher res, more memory, more power also increase in quality and power required. So a jump forward in gaming power required, combined with Intel screwing their enthusiasts and just about every single game being released being optimised for AMD chips and GPU's..... right as people look to upgrade, it could/should be a very good year for AMD.