AMD hit by flash-memory slump
A financial forecast update from Advanced Micro Devices (AMD) predicts that the company will continue to be hampered by a...
AMD expects its sales of flash memory products to decline by almost 30% compared to second quarter results. The company believes this will contribute to a 15% decline in revenue compared to the second quarter.
Rob Herb, AMD's executive vice-president and chief sales and marketing officer, said the company was expecting to report an operating loss for its third quarter.
AMD had previously forecast a decline in revenue of between 10% and 15%.
On a more positive note, AMD said it would continue to benefit from increasing sales of PC processors, in particular its Athlon and Duron versions, which accounted for a combined 7.8 million sales during the second quarter.
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