AMD disappoints - will it come back?

Posted on Friday, Jun 22 2007 @ 02:10 CEST by Thomas De Maesschalck
CNET takes a look at AMD's current malaise:
Advanced Micro Devices is hurtling toward what could be another disappointing period as the second quarter draws to a close next week. Wall Street expects the company to have lost 84 cents per share for the June quarter on $1.26 billion, up 4 percent from the same quarter a year ago. That compares with a loss of $611 million or $1.11 per share in the first quarter and a net profit of $88 million or 18 cents per share in the second quarter of 2006.

AMD needs a fix, and fast. A $2.2 billion debt offering will help keep the lights on in Sunnyvale, Calif., and Austin, Texas--the chipmaker's primary U.S. locations--as some financial analysts had been worried about AMD's cash-flow situation. The company is pinning its near-term hopes on Barcelona, a quad-core server chip that AMD hopes will allow it to shore up the eroding prices of its server chips, the source of most of its pain this year..
Read on over here.


About the Author

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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