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

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
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.