AMD posts quarterly loss amid price war

Iria · Jul 20, 2007, 12:58 AM

Source: News.com
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Advanced Micro Devices, the second-biggest maker of computer processors, posted its third quarterly loss in a row on Thursday as a price war with rival Intel took a toll on results.

AMD said its net loss was $600 million, or $1.09 per share, for the second quarter ended June 30, compared with a profit of $88.9 million, or 18 cents a share, in the year-ago period. Revenue was 1.38 billion, up 13 percent from $1.22 billion a year earlier.

Jul 20, 2007, 12:58 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	AMD posts quarterly loss amid price war Source: News.com ______ Advanced Micro Devices, the second-biggest maker of computer processors, posted its third quarterly loss in a row on Thursday as a price war with rival Intel took a toll on results. AMD said its net loss was $600 million, or $1.09 per share, for the second quarter ended June 30, compared with a profit of $88.9 million, or 18 cents a share, in the year-ago period. Revenue was 1.38 billion, up 13 percent from $1.22 billion a year earlier.