AMD to miss Q2 revenue target

Posted on Friday, Jul 07 2006 @ 21:39 CEST by Thomas De Maesschalck
AMD's revenue for the second quarter is expected to be $1.21 billion a 52 percent increase compared with the same period last year. However, it is lower than the $1.3 billion revenue target predicted by analysts.
When AMD reported its first-quarter results in April, it said it expected second-quarter revenue to be flat to slightly down, in line with normal seasonal expectations. But $1.21 billion in revenue is a 9 percent decrease compared with the first quarter.

Some analysts had fretted about AMD's performance in the face of a price war on Intel's part, as the larger chip company desperately tried to cut inventory ahead of the launch of its new Core architecture chips. AMD said sales of entry-level and mainstream processors for desktops and notebooks were down, the same categories that Intel targeted with its price cuts.
More info over here.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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