Doom for AMD coming
 

Things are getting worse for the troubled chipmaker AMD which has just come up with a mixed set of results just when it needs to reassure everyone it is not going down the gurgler.

For the first time its revenues were below the billion mark at $942 million. AMD did warn us that things were going to be gloomy. Last week it said that results would be flat. The actually figure was an 8.5 per cent sequential decline and a 34.6 per cent drop from the same period a year ago. Flat apparently means a gentle incline.

It is not entirely AMD’s fault. The company needs PC sales and these are not happening. In fact IDC and its ilk don’t see things picking up for a while.

AMD’s Computing and Graphics division reported revenue of $379m, which was down 54.2 percent, year-on-year. Its operating loss was $147 million, compared to a $6 million operating loss for last year’s equivalent quarter.

http://www.techeye.net/chips/doom-for-amd-coming