Intel reported fourth quarter revenues down 19% with operating income down 50% compared to the third quarter; AMD has not reported yet, but if Intel is down, AMD's fourth quarter results will be much worse.
AMD's financial health is an oxymoron - any company reporting anything like AMD's recent financial statements would be a prime candidate for a Chapter 11 filing. AMD has successfully used its lifelines (eg from Germany, Abu Dhabi and NY State) to keep the ship afloat, but after hitting the global financial iceberg, one wonders if all that's left is re-arranging the deck chairs...
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