Feeds

AMD's Q1 revenue goes missing

Cost structure and large bunny blamed

SANS - Survey on application security programs

AMD has walloped investors with its second revenue warning in as many months.

The chip maker today revealed that it expects first quarter revenue to come in at $1.23bn. That's miles away from a onetime forecast of revenue between $1.6bn and $1.7bn. A price war with Intel and falling channel sales are both to blame for the first quarter whiff.

Last month, AMD warned that channel sales issues would impact Q1, which ended March 31. The company, however, declined to issue an exact revenue target.

Now it has tossed out the $1.23bn figure and some more news. AMD will engage in broad restructuring to lower 2007 costs by close to $500m.

AMD provided little detail on how it will rework its business model, but vowed the moves would not hurt its ability to crank out chips.

Not too long ago, AMD's soaring shares were closing in on the $45 mark. The company enjoyed a large technology lead over Intel in the server and PC markets and made the most of the edge by gobbling up market share.

In 2006, Intel roared back to life with a refreshed product line of its own. The giant has leveraged the better technology along with brutal pricing pressure in a bid to put AMD back in its place.

Investors today appeared pleased with AMD's cost-cutting promise. AMD's stock rose close to 4 per cent in early trading, hitting $13.34 at the time of this report. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
WTF happened to Pac-Man?
In his thirties and still afraid of ghosts
Reg man builds smart home rig, gains SUPREME CONTROL of DOMAIN – Pics
LightwaveRF and Arduino: Bright ideas for dim DIYers
Leaked pics show EMBIGGENED iPhone 6 screen
Fat-fingered fanbois rejoice over Chinternet snaps
Apple patent LOCKS drivers out of their OWN PHONES
I'm sorry Dave, I'm afraid I can't let you text that
Microsoft signs Motorola to Android patent pact – no, not THAT Motorola
The part that Google never got will play ball with Redmond
Slip your finger in this ring and unlock your backdoor, phone, etc
Take a look at this new NFC jewellery – why, what were you thinking of?
Happy 25th birthday, Game Boy!
Monochrome handset ushered in modern mobile gaming era
Rounded corners? Pah! Amazon's '3D phone has eye-tracking tech'
Now THAT'S what we call a proper new feature
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.