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AMD`s $1.4 billion loss bigger than expected |
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| Created On: |
Friday January 23, 2009 |
| Description: |
Advanced Micro Devices on Thursday reported a bigger-than-expected net loss of $1.4 billion for the fourth quarter of 2008. This is the chipmaker's ninth consecutive quarterly loss.
AMD also disclosed that it received a letter from Intel regarding the two companies' patent cross-licensing agreement.
The $1.42 billion loss, or $2.34 per share, was below the $1.77 billion loss, or $3.06 per share, reported a year ago but worse than Wall Street analysts had expected..(more) |
| Discussion Type: |
Discussion on News |
| Number of Topics: |
0 |
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