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AMD dodges the chip dip - for now

AMD has announced better than expected results for its first fiscal quarter 2001, but warned that the future looks bleak.
Written by Ben King, Contributor

AMD has announced better than expected results for its first fiscal quarter 2001, but warned that the future looks bleak.

The chip-maker best known as the main rival to Intel in the PC processor market made $124.8m profit for the quarter on revenue of $1.19bn, excluding exceptional charges. This represented revenues of 37 cents per share, beating analysts' estimates of 33 cents per share. Strong sales of Athlon and Duron chips accounted for much of the strong performance, but the company warned that sales for the current quarter will be hit by weak demand.
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