Feeds

AMD chops Q3 sales forecast

Consumer notebooks fall off the table

Intelligent flash storage arrays

Whatever Intel does, Advanced Micro Devices has to do it too. And vice versa. The chip designer and seller (but not maker) warned Wall Street after the markets closed today that its third quarter isn't looking so hot.

AMD said that sales in the third quarter ending September 25 would be down between 1 and 4 per cent compared to the $1.65bn in sales it posted in the second quarter of fiscal 2010 ended June 26. When it reported its financial results for the second quarter back in mid-July, the company did not provide precise guidance, but said that it expected sales to be "seasonally up." That apparently is not going to happen, and sales will now, if you do the math, come in at between $1.55bn and $1.63bn.

"The sequential decrease is due to weaker than expected demand, particularly in the consumer notebook market in Western Europe and North America," AMD explained in its short statement.

In the third quarter of 2009, AMD's sales fell by 22 per cent, to just under $1.4bn and the company lost $128m. So a 1 to 4 per cent slip is a cakewalk by comparison.

The PC business is not just weighing on AMD, of course. Back in late August, Intel cut its own guidance for the third quarter, saying revenues would come in between $10.8bn and $11.2bn, significantly lower than the $11.2bn to $12bn guidance that the company gave Wall Street back in July 13 when it reported its Q2 results - its quarter in its history.

All of the PC market watchers have been cutting their 2010 shipment forecasts, and they might start sharpening their pencils again.

AMD reports its Q3 results on October 14. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.