AMD Shares Slide After-Hours

Advanced Micro Devices, Inc. (NYSE:AMD) shares fell 5% then finished down 3.7% after-hours to $5.96 following the company's Q3 09' earnings call.  AMD posted a net loss of $128 million, or 18 cents per share compared with a net loss of $134 million, or 22 cents per share, a year ago.

AMD did post a narrower than expected loss and turn its core chipmaking business profitable, but the results failed to excite investors, who sold off its shares after-hours.  The stock of the chip maker -- which has posted 12 consecutive quarters of losses -- slid 5% as investors took profits after a 60 percent run-up over the past three months on growing hopes of a sustained recovery in the technology sector, underscored by stellar earnings from bellwether Intel Corp (INTC) this week.

In 2009 AMD shares are up 186% and have traded between $1.62 up to $6.23 in the last 52-weeks.  We'll see how low AMD shares go in Friday's trading, best of luck to those holding shares.