AMD sees Q3 operating loss, revenue down 15 pct on Q2
SUNNYVALE, Calif., Aug 29 (Reuters) - Microchip maker Advanced Micro Devices Inc.(NYSE:AMD - news) will likely post an
operating loss in the current third quarter as sequential revenues fall 15 percent, the company forecast on Wednesday.
Rob Herb, executive vice president and chief sales and marketing officer, told an investment conference the firm continued to expect sales of flash memory products
would fall about 30 percent, or $100 million, from second-quarter levels, AMD said in a statement.
Herb projected around a 15 percent fall in revenue, compared to the company's previous expectations of a 10-15 percent sequential decline.
``A revenue decline in this range would result in an operating loss for the third quarter,'' said AMD, which is in a price war with No. 1 global semiconductor maker Intel
Corp. (NasdaqNM:INTC - news).
``Herb said the company continues to believe that PC processor unit sales in the current quarter will remain at or near the record level of the second quarter, when
AMD sold 7.8 million units,'' the statement said. |
