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AMD sees revenue below view, plans overhaul

Advanced Micro Devices Inc. said on Monday that quarterly revenue would fall short of Wall Street expectations by about 20 percent, but the microprocessor maker's shares rose after it promised to slash this year's capital spending by one-fifth.

"AMD is signaling that it is focusing more on nearer-term profitability as opposed to targeting market share," said JoAnne Feeney, managing director with FTN Midwest Securities.

"People were concerned about that strategy," Feeney said.

AMD, the No. 2 supplier of computer processors after Intel Corp., said it expects to report first-quarter revenue of about $1.23 billion, well below the $1.54 billion that was the average analyst forecast on Reuters Estimates.

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gta_cb3670d ago

always had AMD, well except for my first ever computer which was a Intel somthing runnning 200Mhz lol. now im running AMD Athlon 3400+ :D love it, and unless Intel prove themselves to me im sticking with AMD

The Real Joker3670d ago

i was an AMD guy myself until the Core 2 Duo launched and I had to switch sides. I love competition. I wasn't sure how I felt about AMD and ATI sleeping together because Intel and Nvidia are seperated. It will be interesting to see what AMD does in the near future to regain customers. I love butter.

ItsDubC3670d ago

Yes, competition promotes innovation and pricewars which, in the end, benefit consumers. I myself have stayed w/ AMD for the past 5 yrs but I will admit that the Core 2 Duo is a great processor family. I'm excited to see what AMD has in store but I've NEVER been a fan of ATI. Every ATI card I've interacted w/ had problems and the drivers are unnecessarily difficult to uninstall.