AMD still bogged by acquisition

By Jordan Robertson | January 24, 2009, Saturday |

Print Edition

ADVANCED Micro Devices Inc cut its fourth-quarter loss, but not as sharply as Wall Street had hoped, as the chip maker took a big hit over the falling value of an acquisition.

AMD, like Intel Co and Microsoft Co, is suffering from the evaporating sales of personal computers, which have sapped demand for chips and software.

AMD said yesterday it reduced its net fourth-quarter loss from US$1.8 billion to US$1.4 billion.

The chip maker keeps paying heavily for its 2006 acquisition of ATI Technologies, a maker of graphics chips that the company originally bought for US$5.6 billion.

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

AMD still bogged by acquisition

Email this to your friend