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AMD Posts Losses

by Steve Gibson, Oct 17, 2001 3:26pm PDT
Related Topics – AMD

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.




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