Sueball smacks AMD over processor chip security flaw silence

Can't they read ?

"The value of your investments can fall as well as rise"

Good Luck Lawyers

Not sure which is more pathetic; individuals or the lawyers trying to milk a company / clients on something they know nothing about.

Good luck lawyers because this will likely get thrown out, since they had very good reason to keep this under wraps until a fix was in place.

As evidence of hiding the knowledge of the chip vulnerabilities, the complaint highlighted AMD's end-of-2016 statement, as well as its Q1, Q2 and Q3 filings. These all contain the same paragraph warning about the general risk of hackers and potential consequences of attacks, the place where investors would expect to read about fundamental issues with the company's chips, but did not. Signed and declared accurate by Su and Kumar, these reports would indicate that all was well in terms of security at AMD.

Some how I don't think it a great idea to release details of a zero day with no patches to mitigate the issues. If they had announced it AMD share price would have fallen anyway so they would still have lost money on their shares.

Things that should be self evident:

1. CEO’s lie their asses off on a daily basis

2. Companies has lawsuit insurance for when CEO’s lie their asses off

3. Investors figure lawsuits are free money because most cases settle

I don’t think the lawsuit has merit, but when has that ever stopped lawsuits?

Our law makers (politicians) are all ex lawyers. If you want to reduce the number of lawsuits, stop electing lawyers to public offices. Just because they’re BS artists doesn’t make them qualified to solve problems.

AMD's share price went up since the disclosures, because Intel's performance was affected to a far greater degree, especially in the profitable server market.

AMD's Spectre v2 firmware is an optional thing for paranoid users who want to be definitely non-affected. It's a peace of mind thing.

Responsible disclosure of security flaws is more important than alerting shareholders at the first possible opportunity.

This needs to be thrown out now.

As does any aspects of cases against Intel that are whining about the non-disclosure. However the performance complaints and devaluation of share price complaints here are valid.

There are probably 2 kinds of people flinging sueballs at AMD at the moment.

1) Greedy munts who only want to see their shares going in an upwards direction and give them quick short-term profits and will fling sueballs if share prices went downwards by as much as $0.001. These greedy munts deserve to lose every cent for investing money that they don't want to lose.

2) Idiot IT bosses who paid millions into putting all their computing hardware into AMD and away from Intel and started believing the sensationalist media over-hype that a fix for AMD devices will slow their new computers down by 50%.

Ok, so he bought 21000 shares and the stock declined less than 1 percent. So he lost less than $210! He is suing AMD for 210 dollars? How much is Intel giving these lawyers under the table for this bad press to go forward again?

Moral Hazard

The legal sector is going after tech companies vindictively now, speculatively filing lawsuits

whenever something goes wrong, whether or not there is malpractice, holding them to

paying out for every event that might in any way affect stock pricing.

The answer is clear.

The legal sector should be held to similar standards. Frivolous and stock influencing lawsuits

should give rise to damages responsibility of the legal company.

I suppose there is a case for suing them for failing to spill the beans on Intel's Meltdown. Nevertheless. given that both were discovered as part of the same investigation I can't see how AND could have been expected to pull off a stunt like that without outing themselves for Spectre.

Dates

Dimbulb bought shares on 8-Jan-2018. This is well after Meltdown and Spectre were publicly announced. Most of the press focused on Meltdown and thus Intel but I remember it being noted that AMD was likely affected by Spectre (later confirmed) during this period. This smells like someone who either is looking to fleece AMD by shystering or is an idiot who should be parted from his money.

*rolls eyes*

Again people are so stupid. This is purely to manipulate stock prices and sentiment toward AMD, probably driven by Intel themselves to avert attention from them.

There are zero proper arguments for this. It is like saying that near zero means zero. If AMD has a near zero chance of being exploited, it means it cannot be exploited. That is stupidity. It was even talked about on forums that AMD has a flaw on var 2 because of the near zero comment. So if these people on the forums were bright enough, surely the investors should be as well, but then I am expecting way too much. Maybe these lawsuits are a confession that these very people are neuron challenged.

In the end the most plausible explanation for this is that Intel is behind it to distract the focus from their blunders.