Wednesday, September 30, 2009

AMD Posts Quarterly Loss of $1.4 Billion

AMD, one of the worlds largest designers and manufacturers of processors, motherboards, and graphics cards, is reporting a loss for the ninth consecutive quarter.

According to a press release from the company's investor relations department, AMD posted a USD $1.424 billion loss for the quarter. The rather lefty loss translates to roughly $2.34 a share. Compared to the same quarter one year previous which had a loss of nearly $1.8 billion, AMD is performing better, but still in the red...

More here: TomsHardware

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