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Advanced Micro Devices
While there are other companies that made the list for being Tech Turkeys, such as Research In Motion and Nokia, both of which are also in dire financial straits, AMD distinguishes itself for its pure lack of innovation in the semiconductor space.
Once able to outclass Intel on price and performance on PC desktops and on servers, the company has been reduced to an also-ran that has mismanaged its technology acquisitions (such as ATI) and has been unable to adapt to the changing Post-PC era.
The financially desperate chip manufacturer has recently had to slash prices on its desktop chips in order to move a glut of microprocessor inventory, close down its Open Source development laboratory in Germany as well as axe approximately 400 staff in its Austin, TX headquarters.
While the company recently announced new 16-core x86-compatible Opteron 6300 server processors (which are still not expected to compete with Intel's current generation of Nehalem server chips on performance) and has also announced plans to produce low-power server chips based on the new ARM50 architecture, it isn't expected to deliver on this promise for at least two years, assuming the company is still an going concern by that timeframe.