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Non-Tech : ACCO: 800America.com, Inc

ACCO 3.480

+1.0%

12:24 PM EST

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From: LTK007	1/12/2007 3:05:20 AM
	of 694

AMD warns, stock slides Chipmaker says lower average prices hurt fourth-quarter revenue. January 11 2007: 9:48 PM EST SAN FRANCISCO, Jan 11 (Reuters) -- Advanced Micro Devices Inc., one of the two biggest makers of microprocessors used in personal computers, on Thursday warned that fourth-quarter revenue would fall well short of analysts' estimates, citing lower average prices for its chips. Shares of AMD (Charts) fell more than 2 percent in extended trade after the company issued a two-paragraph statement late in the day. CNN's Matt West reports on how the marketplace has received Apple's iPhone and Microsoft's Zune. (January 11) Play video AMD said that it now expects revenue in the holiday-sales-fueled fourth quarter to rise about 3 percent from the third quarter, implying revenue of about $1.37 billion. Analysts currently expect Sunnyvale, California-based AMD to have fourth-quarter revenue of $1.84 billion. AMD said that its gross margin and operating income in the fourth quarter were "impacted by significantly lower microprocessor average selling prices, which largely offset a significant increase in unit sales." AMD is the No. 2 largest maker of microprocessors after far larger rival Intel Corp. In extended trade, AMD stock fell to $19.74 from $20.18 at the close. Shares of Intel (Charts) fell 8 cents in extended trade, to $21.84. Wii sales beat PS3

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