AMD to miss Q2 revenue target

Posted on Friday, July 07 2006 @ 21:39:13 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.