AMD Warning Raises Concerns
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A negative financial update from Advanced Micro Devices Inc. late on Monday raised a potentially ominous sign for semiconductor stocks ahead of Tuesday's bellwether earnings report from Intel Corp.
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In a move that was successfully kept secret, for the most part. AMD is making an unprecedented, near-term adjustment to its technology roadmap. As soon as the first half of next year, the company plans to introduce into the desktop CPU market a new line of Phenom triple-core processors, whose architecture was christened with the code-name Toliman just hours ago.
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Firm may be facing greater difficulties than previously thought in getting hold of chips to power its high-end PCs.
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A negative financial update from  Advanced Micro Devices Inc. late on Monday raised a potentially  ominous sign for semiconductor stocks ahead of Tuesday's  bellwether earnings report from Intel Corp.
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AMD has delayed general availability of some key products until early next year, when it projects the chips, along with other new processors, will return it to profitability.The biggest hit went to its quad-core microprocessor, code-named Barcelona, which it needs to compete against Intel among server vendors. The chips, along with AMD&#39;s desktop platform, Phenom, won&#39;t be generally available to customers until the first quarter of next year. The products were supposed to ship in volume by the end of this year, but&#160;a technical design error in the chips caused AMD to slow the schedule so it could apply a fix, said Dirk Meyer, the company&#39;s president and COO in a meeting with analysts on Thursday.The company&#39;s Puma platform, a set of chips aimed at laptop PCs, will also be delayed until the second quarter of next year, a costly miss considering the fact that the laptop PC market is growing at around 30 percent per year.AMD also reduced its planned spending on new production lines to $1.1 billion from a previous estimate of $1.7 billion and said all its business divisions wouldn&#39;t return to profitability until next year.The statements caused AMD&#39;s stock to fall as much as 5 percent during early trading on the New York Stock Exchange, before rebounding to down just 1.8 percent, at $8.81 in the afternoon. The market was still open as of this writing.AMD executives apologized for missteps, such as the delay in Barcelona.&quot;We blew it, we&#39;re very humbled by it, we learned from it, and we&#39;re not going to do it again,&quot; said Hector Ruiz, chairman and CEO of AMD. He said AMD would go back to its habit of under-promising and over-delivering.To start, the company will be on a path to break even financially by the second quarter of next year and return to profitability by the end of the third quarter, he said. The financial performance will be boosted by the launch of several new products in graphics, chipsets, digital TV processors, and more, not including the delayed products.The company forecast its processor shipments will rise at least 15 percent next year, while graphics processor shipment growth will be greater than 6 percent, digital TV processors more than 13 percent, and handheld chips up 8 percent.AMD&#39;s gross margin will rise to between 46 percent and 50 percent next year, up from 37 percent during the past four quarters, said Bob Rivet, chief financial officer of AMD.&quot;We&#8217;re in a massive product refresh. In 2007, we were living on some old stuff. 2008 is all new stuff, and we believe it will yield goodness,&quot; he said.
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October unveiling alongside AMD dualie Athlon 64 FX
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Blog: Bad: AMD lost $600 million this quarter. Good: Chip shipments surged.
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By JORDAN ROBERTSON  SAN FRANCISCO - Advanced Micro Devices Inc. warned Monday that it was unlikely to meet its first-quarter revenue guidance of $1.6 billion to $1.7 billion, the latest in a series of disappointments for investors in the struggling chip-maker.
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At Intel Corp  and  Advanced Micro Devices Inc , which together own the  market for computer microprocessors, their chief executives had  one message for investors this week: "What, me worry?"
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Rumors that Dell may be considering Advanced Micro Devices&#39; server chips are again causing a stir. AMD&#39;s stock shot up Friday after press reports quoted Dell Chief Executive Officer Kevin Rollins saying his company is studying the possibility.
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Hits stores in September Barcelona has arrived, sort of, and AMD is talking more about beating itself up than knocking Intel with the new chip.â¦
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The CEO of the world's largest chipmaker wants hardware developers thinking about graphics, low-power applications, and Intel's determination not to let AMD get the best of it again.
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Struggling chip-maker Advanced Micro Devices Inc. warned Monday it is "unlikely to meet" its revenue guidance for the first quarter.
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If canceling the Pentium-4 4GHz processor was not enough, AMD has come up with fresher set of problems for Intel. Chipmaker Advanced Micro Devices renewed the claims of being the maker of the fastest PC Microprocessors
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Intel's release this week of the 'Tigerton' Xeon 7300 chip is challenged by AMD's contention that the tech is merely packaged dual-cores, and not native quad-core.
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Intel will always have AMD to worry about in the PC business. In the mobile world, however, it's shaping up a bit differently.
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Blog: Bad: AMD lost $600 million in the second quarter. Good: Chip shipments surged.