AMD reins in revenue forecast

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AMD reins in revenue forecast

Advanced Micro Devices lowered its expectations for second-quarter revenue yesterday by almost $100m, blaming the effects of Sars in Asia on processor sales.

Second-quarter revenue is now expected to be $615m, down from the $715m predicted when AMD released its first-quarter results.

AMD made $715m in first-quarter revenue, but cited slow sales of PCs and handsets in China and other Sars-afflicted markets as the reason for the reduced second-quarter expectations.

AMD is struggling to return to profitability. It has slashed operating expenses over the past two quarters, but still posted a net loss of $146m in its first quarter.

AMD's second quarter ends on 29 June.

The company launched its Opteron processor in April, a server and workstation chip designed to run both 64-bit and 32-bit applications. AMD declined to provide details on the second-quarter revenue generated by Opteron.

Tom Krazit writes for IDG News Service


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