AMD: Sales aren't up to snuff

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.