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AMD Posted Q4 Loss, CPU Sales Grew

AMD swung to a loss in the fourth quarter as “awful” pricing for memory microchips and a debt-related charge outweighed improving demand for computer processors. AMD, whose top rival is Intel also warned that sales of the memory chips, so-called flash chips, which are used in mobile phones and other electronics, would fall in the first quarter because of oversupply and tough competition. AMD reported a net loss in the quarter ended Dec. 26 of $ 30 million, or 8 cents a share, compared with a year-earlier profit of $ 43.2 million, or 12 cents. Sales rose to $ 1.26 billion from $ 1.21 billion in the same period last year. AMD forecast improving momentum during the year in personal computer microprocessors, where AMD’s Opteron and Athlon chips have gained share against Intel, but it said first-quarter sales should be flat to lower amid a regular drop off following the year-end holiday sales rush.

AMD swung to a loss in the fourth quarter as “awful” pricing for memory microchips and a debt-related charge outweighed improving demand for computer processors. AMD, whose top rival is Intel also warned that sales of the memory chips, so-called flash chips, which are used in mobile phones and other electronics, would fall in the first quarter because of oversupply and tough competition. AMD reported a net loss in the quarter ended Dec. 26 of $ 30 million, or 8 cents a share, compared with a year-earlier profit of $ 43.2 million, or 12 cents. Sales rose to $ 1.26 billion from $ 1.21 billion in the same period last year. AMD forecast improving momentum during the year in personal computer microprocessors, where AMD’s Opteron and Athlon chips have gained share against Intel, but it said first-quarter sales should be flat to lower amid a regular drop off following the year-end holiday sales rush.

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