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Rising chips sales narrow AMD loss
It seems AMD aren't doing as bad as they had predicted to be, with the chip makers third quarter loss turning out to be much smaller than expected. This good news for the chipmaker is thought to be a result of dramatic increases in CPU sales.
[blockquote]AMD reported losses of $31 million, or 9 cents per share, on revenue of $954 million for the quarter, which ended on Sept. 28. During the same period a year ago, AMD lost $254 million, or 74 cents per share, with revenue of $508 million.
Analysts expected the chipmaker to post a 36 cents per share loss and revenue of $858 million, according to First Call. A First Call representative, however, said the analysts' consensus estimate excluded some flash memory revenue that relates to AMD's acquisition of Fujitsu AMD Semiconductor Limited, or FASL, a flash memory joint venture between AMD and Fujitsu. The representative said AMD likely beat estimates, but it is unclear by how much.
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[link=http://news.com.com/2100-7341_3-5092551.html?tag=nefd_top]The full story[/link]
[blockquote]AMD reported losses of $31 million, or 9 cents per share, on revenue of $954 million for the quarter, which ended on Sept. 28. During the same period a year ago, AMD lost $254 million, or 74 cents per share, with revenue of $508 million.
Analysts expected the chipmaker to post a 36 cents per share loss and revenue of $858 million, according to First Call. A First Call representative, however, said the analysts' consensus estimate excluded some flash memory revenue that relates to AMD's acquisition of Fujitsu AMD Semiconductor Limited, or FASL, a flash memory joint venture between AMD and Fujitsu. The representative said AMD likely beat estimates, but it is unclear by how much.
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[link=http://news.com.com/2100-7341_3-5092551.html?tag=nefd_top]The full story[/link]
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