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AMD Warns of Loss
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Posted by: TotalRecall
AMD has announced that their previously projected revenue will not be reached at the current rate of sales:
Chipmaker Advanced Micro Devices warned that revenue for the second quarter would be 22 percent to 24 percent lower than anticipated, which will lead to a substantial operating loss.
The Sunnyvale, Calif.-based chipmaker said Tuesday that revenue for the quarter would come in at $620 million to $700 million--$200 million less than the $820 million to $900 million projection given in March.
AMD closed at $10.30 today, dropping by $.50. C|Net is covering AMD's announcement here.
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