Feeds

AMD cuts Q2 sales forecast by $100m

SARS to blame

  • alert
  • submit to reddit

AMD has admitted that its Q2 sales will be $100 million - almost 14 per cent - down on its previous forecast.

The chip maker will post sales of around $615 million and not $715 million as it suggested when it announced its Q1 results in April.

The reason? SARS knocked PC and handset sales in China and other Far Eastern markets, the company said, reducing its income from microprocessors and Flash memory. And an "anticipated global sales improvement in the month of June" failed to turn up for the party, according to AMD CFO Robert Rivet.

Earlier this month, Banc of America Securities downgraded AMD's stock from 'neutral' to 'sell', citing its belief that the chip maker would not meet revenue expectations. ®

Related Story

AMD stock downgraded

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.