AMD Updates Fourth Quarter Outlook

malware · Dec 4, 2008

AMD today announced that it expects revenue from continuing operations for the fourth quarter ended December 27, 2008 to be approximately 25 percent lower than third quarter 2008 revenue of $1.585 billion, not including process technology license revenue. The decrease is due to weaker than expected demand across all geographies and businesses, particularly in the consumer market.
AMD will report fourth quarter 2008 results after market close on January 22, 2009. AMD will hold a conference call on this day for the financial community at 2:00 p.m. PT to discuss fourth quarter results. A real-time audio broadcast of the teleconference will be provided at http://www.amd.com. The webcast will be available for ten days after the conference call.

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erocker · Dec 4, 2008

Makes sense considering the entire market has been cut more than 25%. Really, even with a loss, in this market it's almost a win!

Para_Franck · Dec 4, 2008

Is it a common thing to vastly mediatise a conference? Maybe they will have bad news, or good news that they want many people to be aware of.

It's fishy to me

Steevo · Dec 4, 2008

They must make report earnings public, thy are a publicly traded company.

KBD · Dec 4, 2008

considering the economic circunstanses its as bad as i thought it would be. but their stock is trading a $2 a share nowadays, i'm afraid that they may be delisted from the exchange if things get worse.

imperialreign · Dec 5, 2008

TBH, considering the way the US economy has been, as well as the world economy - I was half expecting AMD to have estimated worse for 4thQ . . . I guess we'll have to wait until the formal report is out.

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AMD Updates Fourth Quarter Outlook

malware

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erocker

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Para_Franck

Steevo

KBD

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imperialreign

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