Feeds

AMD to miss Q1 sales target

CEO faces Wall Street

Next gen security for virtualised datacentres

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.