Advanced Micro Devices' said it isn't likely to meet its first quarter sales projection.
In a statement, AMD said CEO Hector Ruiz will discuss that the company "is unlikely to meet its previously estimated revenue guidance of $1.6 to $1.7 billion for the first quarter of 2007 as well as provide a product and technology outlook."
According to Thomson Financial AMD is expected to report first quarter sales of $1.66 billion and a loss of 25 cents a share.
Ruiz's presentation will be Webcast on AMD's site at 10:30 a.m PT and 1:30 p.m. ET.
So why is AMD struggling? A few reasons: Intel latest products are hurting AMD's and its pricing. Perhaps AMD's Vista systems sales aren't coming in as expected. With any luck Ruiz will provide more color.
More AMD-related reading:
- Is AMD being hypocritical about benchmark ethics?
- Intel, AMD vie for server attention.
- Prices fall on AMD desktop chips.
- Intel doesn’t see much need to cut prices.