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AMD to lose higher than expected 540 to $570 million AMD to lose higher than expected 540 to $570 million
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AMD to lose higher than expected 540 to $570 million
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Old 16th July 2007, 14:27   #1
Madshrimp
 
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Default AMD to lose higher than expected 540 to $570 million

After Computex we told the world that AMD is about to lose about 600 million in Q2 and I guess we were not far off. According to our massive investigation and numerous industry sources included we managed to get very close number to the one that AMD plans to release this month. AMD is expected to post between 540 to $570 which is higher than expected loss. Later today at 10:00 a.m. ET AMD plans to talk to investors and will probably mention that the company will lose more than expected. Our team estimates that AMD made $1.4 billion in overall sales and they made better sales from a previous quarter as the whole industry grew and prices dropped even further. However, the company is going through a cash crisis. Like in Q1, even though the loss will net just over half a billion, the net decrease in cash will be more dramatic.

http://www.fudzilla.com/index.php?op...60&Ite mid=35
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