AMD posted a first-quarter loss amid the oversupply and falling prices of flash memory chips used in cell phones. But microprocessor sales set a company record. AMD flash memory subsidiary, Spansion LLC, has filed paperwork for an initial public offering. In the second-quarter quarter, the company expects microprocessor sales to be flat or down slightly, in line with historical patterns. For the period ended March 27, AMD lost $ 17.4 million, or 4 cents per share, compared with a profit of $ 45.1 million, or 12 cents per share, in the same period last year. Sales fell less than 1 percent, to $ 1.23 billion from $ 1.24 billion. AMD experienced a rise in unit shipments, but average selling price declined significantly, resulting in weaker than expected sales.

AMD posted a first-quarter loss amid the oversupply and falling prices of flash memory chips used in cell phones. But microprocessor sales set a company record. AMD flash memory subsidiary, Spansion LLC, has filed paperwork for an initial public offering. In the second-quarter quarter, the company expects microprocessor sales to be flat or down slightly, in line with historical patterns. For the period ended March 27, AMD lost $ 17.4 million, or 4 cents per share, compared with a profit of $ 45.1 million, or 12 cents per share, in the same period last year. Sales fell less than 1 percent, to $ 1.23 billion from $ 1.24 billion. AMD experienced a rise in unit shipments, but average selling price declined significantly, resulting in weaker than expected sales.