AMD: Sales aren't up to snuff

Summary: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.

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:

Topics: Processors

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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