AMD Posts Losses

October 17, 2001 3:26 PM

Many people attributed the Intel 77% net earnings drop posting yesterday to AMD kicking their butts. Guess that isnt the only contributor though as AMD is suffering losses too. In fact AMD just reported their first losses in the last 5 quarters.

Advanced Micro Devices (AMD) said it recorded a loss of $186.9 million, or 54 cents a share, compared with net income of $408.6 million, or $1.18 a share last year. Sales fell 37 percent to $765.9 million from $1.21 billion.

Steve Gibson

Steve Gibson is the cofounder of Shacknews.com. Originally known as sCary's Quakeholio back in 1996, Steve is now President of Gearbox Publishing after selling Shacknews to GameFly in 2009.