Barrister Global Services Network Inc
Change company Symbol lookup
Select an option...
BRTR Barrister Global Services Network Inc
EBTC Enterprise Bancorp Inc
FSLY Fastly Inc
BNR Burning Rock Biotech Ltd
FCNKX Fidelity® Contrafund® Fund Class K
CAT Caterpillar Inc
POAGX PRIMECAP Odyssey Aggressive Growth Fund
VFIFX Vanguard Target Retirement 2050 Fund Investor Shares
CMCSA Comcast Corp
CUZ Cousins Properties Inc
Go

Company profile

Barrister Global Services Network, Inc. is a provider of provides multi-vendor information technology (IT) services. The Company serves customers in commercial, consumer, educational and Governmental markets through direct and indirect channels. The Company's services range from onsite break/fix hardware repair and per incident on-site hardware repair to managed help desk and equipment installations, de-installations and disposals. The Company supports its retail clients with point-of-sale (POS) and kiosk services ranging from deployment, to installation, to ongoing onsite maintenance and hot-swap services. The Company delivers full service maintenance covering both in-warranty and out-of-warranty multi-vendor equipment. Services include remedial maintenance, replacement parts and technical support. The Company offers full service maintenance for multi-vendor POS systems, such as on-site service and depot repair service.

Closing Price
--
Day's Change
--
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
4

UPDATE: AMD is set up for blockbuster second half, but it isn't guaranteed

6:15 am ET July 29, 2020 (MarketWatch)
Print

By Therese Poletti, MarketWatch

Chip maker needs to hope that coronavirus does not get in the way of continued consumer spending

Advanced Micro Devices Inc. is setting up for a blockbuster second half of the year, but it had better hope that coronavirus does not get in the way.

AMD (AMD) increased its forecast for the rest of the year while reporting a strong second quarter Tuesday afternoon (http://www.marketwatch.com/story/amd-stock-heads-toward-record-high-after-beating-on-earnings-raising-annual-forecast-2020-07-28), sending its shares 10% higher toward a record high in after-hours trading. The stock was up 11.6% premarket Wednesday. After racking up more than $3.7 billion in sales in the first half, AMD guided for revenue of nearly $8.9 billion for the full year, suggesting that sales in the second half will top AMD"s annual totals from 2015 and 2016.

That improved forecast, though, is predicated on strong sales of its chips in the PC and notebook markets, and a new generation of videogame consoles expected to launch before the holidays. The company is also expects to see more deployments of its chips among cloud-service providers.

"We are on track to deliver strong growth in the second half of the year driven by our current product portfolio and initial shipments of our next generation Zen 3 CPUs and RDNA 2 GPUs, that are on track to launch in late 2020," AMD Chief Executive Lisa Su told analysts on a conference call. The company noted that its forecast takes into account the COVID-19 pandemic environment, the global economic backdrop and customer demand signals.

Investor hopes were high for the AMD's results, on the heels of disappointing manufacturing news from Intel Corp (http://www.marketwatch.com/story/intel-stock-savaged-as-next-gen-chip-delay-prompts-loss-of-confidence-from-wall-street-2020-07-24). (INTC) , and the smaller chip company did not disappoint. Many analysts tried to get Su to comment on Intel's woes, or at least to say how it might help AMD going forward, but Su would not comment beyond saying that AMD continues to execute on its product plans.

More from Therese: Intel admits another defeat with unprecedented manufacturing issues (http://www.marketwatch.com/story/intel-admits-another-defeat-with-unprecedented-manufacturing-issues-2020-07-23)

"We feel good about our road map," Su said. "We just you know we updated our road maps at our financial analyst day in March, and, you know, we continue to be very focused on executing."

Unlike Intel, which makes about 80% of its chips, AMD farms out its manufacturing to Taiwan Semiconductor Manufacturing Co. (2330.TW) , which is ahead of Intel on its manufacturing process. Even so, Intel has managed to tweak the designs of its chips so that some of them are at near-parity with the current TSMC process.

Analysts fear that if Intel falls even further behind in its manufacturing process, it could eventually lose its dominance in PCs and servers, and AMD would be a clear winner. AMD has done its part to be in that position, but still needs more work to actually get there.

One analyst asked about the "tenor" of its conversations with customers, since Intel started to have delays on chips developed on its newer processes. Su, to her credit, did not take the opportunity to gloat.

"We feel very good about where our products are positioned," she said. She also reminded investors that the potential for the company's server chips, while just reaching a double-digit percentage market share against Intel, is not short-term.

Many analysts and investors are focused on AMD's upside potential in the server market, but for the rest of the year, the biggest gains are still going to come from PCs and notebook sales. Some have been predicting that instead of a back-half loaded year for consumer devices, those big sales have already occurred, as many consumers stocked up on new devices to work and play from home.

For more: Tech earnings in the age of COVID-19 (http://www.marketwatch.com/story/tech-has-been-a-pandemic-savior-for-the-market-and-has-been-richly-rewarded-so-what-happens-now-11595260647)

New gaming consoles from Sony Corp. (6758.TO) and Microsoft Corp. (MSFT) , though, will help, especially in the third quarter, executives said. Su also said that PCs have become essential during the pandemic, and that sales in the first half won't necessarily lead to a big decline in the final six months of the year.

"Our view is that the second half will continue to be, you know, good for notebooks and PCs overall, and that's part of this, this idea that PCs are now essential."

That could feasibly change, as the coronavirus has led to a lot of unpredictable behavior. Investors, though, are counting on AMD to be right.

-Therese Poletti; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 29, 2020 06:15 ET (10:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.