AMD to miss Q1 sales target
CEO faces Wall Street
Posted in Financial News, 5th March 2007 17:17 GMT
Tune into our application security webcast, click here
AMD today smacked investors with a sales warning.
The chip maker no longer expects to hit a first quarter revenue target between $1.6bn and $1.7bn. CEO Hector Ruiz will explain AMD's revenue miss at a financial analyst conference later today. Hopefully, he has already found a pound of flesh that can be spared.
AMD announced its sales woes in a news statement but provided precious little detail as to the cause for its forecast shift.
The company has been facing serious pricing pressure as a resurgent Intel has started to eat away at AMD's server and desktop processor sales.
Investors, having already watched AMD shares fall from $40 to $14 over the last year, knocked two per cent off AMD's share price this morning. AMD was trading at $13.92, at the time of this report. ®
See what The Register's experts have to say on application security


The future of SaaS and IT infrastructure management
Essential archive requirements for eDiscovery
Image spam: the threat returns
The shortcut guide to managing certificate lifecycles

Win a Samsung C6625!
Is your cameraphone an oxymoron?
Windows 7, Bing and security: Mr Ballmer regrets
Sign up, sign up for The Register IT security newsletter