AMD to Sack 10% of Employees
mclean | April 13, 2008 at 05:26 amby
916 views | 0 Recommendations | 0 comments
Advanced Micro Devices Inc. saidit is cutting about 10% of its work force, or about 1,650 jobs, andwarned that weaker-than-expected sales hurt results in its recentquarter.
AMD, locked in a battle with Intel Corp. over chips known as microprocessors, said it expects first-quarter revenue of $1.5 billion, about 15% lower than the company reported in the fourth period. The company previously had predicted a decline in line with normal seasonal patterns. The AMD spokesman said a decline of about 7% is typical for the period.
I think AMD will probably have to go back to where they started,focusing on low cost alternatives to Intel chips. It is sad to see, Iwas an AMD fan for quite some time.