The Chips Are Down Again At Amd

Is Advanced Micro Devices' two-year recovery stalling? On Oct. 5, the Sunnyvale (Calif.) chipmaker reported profits about 12% below analysts' expectations--after having predicted better-than-expected results in August. AMD's problems: price-cutting and a cooling off in sales of some hot-selling chips. It also warned that profits on its clones of Intel's popular 486 chips may be squeezed next year. AMD's stock fell 4 3/4, to 22, on the bad news.

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