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AMD Grits Teeth on Painful Q4 Outlook
Published December 5, 2008, 9:12 am, E-Commerce Times
Chipmaker Advanced Micro Devices is among the most recent casualties of the slowdown in technology spending. On Dec. 4 the chipmaker drastically cut its sales outlook, saying fourth-quarter revenue will drop about 25 percent from the third quarter's $1.59 billion. AMD blamed a cratering in demand for chips used in personal computers and servers, the machines that run corporate networks.
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AMD Grits Teeth on Painful Q4 Outlook - E-Commerce Times
Tightening wallets in both business and consumer sectors have squeezed AMD sales. The chipmaker cut back on its fourth-quarter outlook Thursday, predicting it will ring up 25 percent less in revenue than in the third quarter. One pain point for AMD ...
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