December 5, 2008 |
Advanced Micro Devices Inc., the second-largest maker of personal-computer processors, cut its quarterly sales forecast, citing weakened demand across all its businesses. Sales will fall about 25% from $1.59 billion in the third quarter, excluding process technology license revenue, the Sunnyvale, Calif., company said. The revised forecast indicates sales of about $1.19 billion in the quarter ending Dec. 27. That misses the $1.53-billion average analyst estimate compiled by Bloomberg.
October 17, 2008 |
Advanced Micro Devices Inc. surprised investors with a sharply reduced loss for the third quarter, as the computer chip maker received a large lump sum for licensed technologies. Its shares soared in extended trading. Even without the licensing fees, AMD apparently outdid low expectations thanks to strong sales. The results provided a contrast to solid but unspectacular results for the quarter reported by its much larger rival, Intel Corp., and gave some reassurance to investors nervous about the prospects for the highly cyclical semiconductor industry as the economy slows down.
May 8, 2008 |
Advanced Micro Devices Inc. plans to sell computer chips with six processors built into one piece of silicon in its effort to wrest sales away from Intel Corp. The six-core "Istanbul" chip will come out in the second half of next year, followed by a 12-processor product, Advanced Micro said.
May 7, 2008 |
Shares of Advanced Micro Devices Inc., the second-largest maker of personal-computer processors, surged the most in more than three months on speculation that it was close to announcing plans to split up the company. Advanced Micro rose 59 cents, or 9%, to $7.12. For the year, the stock is down 5.1%. Investors are betting that the company will soon announce details of a plan to separate its manufacturing business from its chip design and development operations, according to CRT Capital Group analyst Ashok Kumar.
February 9, 2008 |
Dell Inc. has stopped selling many computers with processors from Advanced Micro Devices Inc. on its website, although it will continue selling some through retailers. The news was a setback for AMD, which wooed Dell for years before breaking the computer maker's exclusive supplier relationship with Intel Corp. in 2006. Intel still made the processors used in most computers sold by Dell online. But AMD raised its profile in the chip field by being inside some Dell machines.
January 18, 2008 |
Still bleeding from a costly acquisition of a graphics chip company, Advanced Micro Devices Inc. slashed the value of that company by $1.6 billion in the fourth quarter, but with sales of microprocessors surging it managed to post a narrower loss than analysts had feared it would. Still, Sunnyvale, Calif.-based AMD's losses in 2007 were staggering, capping a brutal two-year stretch in which its market value has plunged from more than $20 billion to $3.5 billion. The stock has fallen from above $40 a share in early 2006 to nearly $5 in recent weeks.