Feeds

Price war exacts AMD toll

Sales down. Losses up

  • alert
  • submit to reddit

New hybrid storage solutions

AMD warns that its third quarter loss will be far larger than previously projected, due to weaker than expected sales. The new figure is expected to be between $90 and $110 million (excluding restructuring and one-time charges, which will add about $80-110 million to the bill).

The profit warning comes at a time when the company is selling a record number of CPUs: more than 7.7 million in the quarter. It says falling prices, as a result of its price war with Intel, have bought about the increase in projected losses.

Sales for the quarter dropped 22 per cent (instead of the anticipated 15 per cent). Revenues declined from $1.2bn to $766m, dropping below even the revised analyst expectations of $824.7m. It also says that sales of its flash memory fell about $100m from the previous quarter.

This year, it has lost IBM in North America and Europe, Gateway, Tiny and most of Micron as customers, adding to its woes.

Related Stories

AMD shuts fabs, fires 2,300
Lower estimates for AMD and Intel after US tragedy

Related Links

AMD Sees Sales Fall More Than Expected

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.