AMD Nearly Out Of Cash

An anonymous reader writes: Following a horrible quarter and market share losses, AMD is within two quarters of running out of cash, according to EETimes. "AMD lost approximately $883 million in free cash flow in the last quarter, worse than expected, and putting the company within two quarters of running out of cash," EETimes quotes Wall Street analyst Chris Caso as saying. It gets even worse for AMD. After losing significant market share in 2006, Intel struck back in the first quarter of 2007, gaining 4.5 percentage points in the microprocessor market. Intel now holds 80.2 percent of the global chip market. Can AMD dig itself out of a hole? Maybe, maybe not. "AMD will look to lessen the capital needs of its models by outsourcing production and partnering up, though we believe this could take much longer than investors anticipate," analyst Doug Freedman of American Technology Research told EETimes.