Home › DMW Daily › April 9, 2007

Chipmaker AMD Expects Sharply Lower Revenue

Authored by Jay Baage on April 9, 2007 - 2:13pm.
NEW YORK - Chipmaker Advanced Micro Devices (AMD) issued a profit warning on Monday, saying it expects to report first-quarter revenue of about $1.23 billion. That is well below Wall Street forecasts.

AMD said revenue declined sharply quarter-over-quarter for its computing solutions business, with lower prices and significantly lower unit sales.

The company said it plans to reduce 2007 capital expenditures by about $500 million, cut discretionary expenses and limit hiring to critical positions.

Related Links:
http://tinyurl.com/3ar5hm
http://tinyurl.com/33wy76

Published in DMW Daily, April 9, 2007
tags: Internet | CE | AMD | Computers |

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