AMD Warns of a Revenue Shortfall

Advanced Micro Devices is hardly in the chips. It predicts fourth-quarter sales will drop 25%, as customers dial back tech outlays

Chipmaker Advanced Micro Devices (AMD) is among the most recent casualties of the slowdown in technology spending. On Dec. 4 the chipmaker drastically cut its sales outlook, saying fourth-quarter revenue will drop about 25% from the third quarter's $1.59 billion.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.