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AMD heavily trims 3Q loss, revenue up 14 pct (AP)

Posted on | October 17, 2008 |

Good news to all AMD stock holders/investors, their loss was reduced from the previous quarter and this may not be that much but certainly a better info to read.

They’re kicking back and did not continue sinking anymore, hopefully this will progress more.


Advanced Micro Devices Inc. surprised investors with a sharply reduced loss for the third quarter, as the computer chip maker received a large lump sum for licensed technologies. Its shares soared in extended trading.

Even without the licensing fees, the company apparently outdid low expectations thanks to strong sales. The results provided a contrast to solid but unspectacular results for the quarter reported by its much larger rival, Intel Corp. and gave some reassurance to investors nervous about the prospects for the highly cyclical semiconductor industry as the economy slows down.

Read the entire articlehere

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