AMD Adjusts Q4 Revenues From “Roughly Flat” to “Roughly Crappy”
by John Paczkowski
Posted on December 4, 2008 at 9:22 AM PT
Oh, they’re all piling on now.
This week has brought with it bad news from Palm (PALM), Research In Motion (RIMM), Adobe (ADBE), AT&T (T) and Nokia (NOK). Now AMD has joined them as well. In a terse statement issued this morning, the company warned that its fourth-quarter revenue will come in significantly lower than previously expected, thanks to souring computer sales.
AMD (AMD), which had expected fourth-quarter revenues to be flat, now sees them falling 25 percent from the third quarter’s $1.59 billion. Ugly news for the company, which has been struggling quite a bit lately. Last month the company said it would cut three percent of its workforce. Now that its facing a 25 percent decline in revenues, will AMD take the scythe to its employees once again?
Comments
Bottom line: AMD is an Intel wannabe and unless it comes out with something truly unique how can it compete?
Posted by Sam Harrison at December 4th, 2008 at 4:28 pmI’ve got to disagree. Too often, AMD is the first to innovate but doesn’t have the resources to go to market first.
Posted by Paul Noonan at December 5th, 2008 at 7:30 am