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AMD

+ - AMD reports $611 million loss

Submitted by mpfife
mpfife (655916) writes "Toms hardware reports that "Declining microprocessor sales as well as dropping average selling prices for its microprocessors have pushed AMD deeper into the red. The company reported a net loss of $611 million on revenues of $1.233 billion, which is more than 20% below the guidance the company expected at the end of Q4 2006. The loss includes charges related to the ATI acquisition in the amount of $113 million, but is mainly a result of the increasing competition with Intel in the microprocessor market.""

Time to take stock. Go home with some office supplies.

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