On July 10. 2012, Advanced Micro Devices (AMD) announced that it expected its revenues for the second quarter to be about $1.4 billion. At the time of the announcement, financial analysts expected AMD's second quarter revenue to be about $1.6 billion. Students should prepare responses to the following questions: 1) Would AMD's announcement cause a change in the company's stock price on the date of the announcement? Explain why or why not? (Assume the announcement was made while the market was open) 2) Consider the following 2 scenarios, a and b. Do you expect the magnitude of the stock price to be greater under scenario a or b, or the same? a. The $200 billion difference between AMD's management forecast and the analysts' forecast is completely attributable to a previously reported month-long labor strike at one of AMD's manufacturing facilities. b. The $200 billion difference between AMD's management forecast and the analysts' forecast is completely attributable to AMD's previously undisclosed decision to cut prices to meet those of the competition