AMD Lowers Sales Forecast, Citing Notebook Demand |
| Bloomberg - Sep 23, 2010 |
A detailed view of a chipset from the Advanced Micro Devices Inc. (AMD) Opteron 6000 Series processor Source: AMD via Bloomberg
Advanced Micro Devices Inc., Intel Corp.’s main competitor in computer processors, said third- quarter sales will be less than it had predicted, citing weaker demand for notebook computers in Europe and North America.
Sales will decline between 1 percent and 4 percent from the $1.65 billion it recorded in the second quarter, Sunnyvale, California-based AMD said today in a statement. In July, the company had said that sales would rise “seasonally” in the third quarter from the preceding three months.
The announcement follows a similar forecast reduction by Intel, which cited weaker consumer demand in developed markets. The outlook also mirrors warnings from other chipmakers, including Texas Instruments Inc. AMD, which has been winning market share in notebooks, doesn’t have the presence in servers and business machines to offset the drop in consumer spending, said Hans Mosesmann, an analyst at Raymond James & Associates.
Read Full Article from Bloomberg
- Posted: 2010-09-23 20:43:01
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