IXIC 0.88% 8,076.6 nasdaq composite

This should give the DAQ a fait touch up tonight

  1. 1,006 Posts.
    They must get up pretty early in the morning over there to release this stuff. Perhaps hoping nobody will notice LOL. Dont think this was factored into yesterdays market.
    Shows how bad things are when you cant see how bad things are two weeks out.

    07/03 02:10
    Advanced Micro Says 2nd-Qtr Sales Will Lag Forecasts (Update1)
    By Chris Collins

    Sunnyvale, California, July 3 (Bloomberg) -- Advanced Micro Devices Inc., Intel Corp.'s biggest rival in making personal- computer processors, cut its second-quarter sales forecast for the second time in two weeks.

    The chipmaker expects revenue to be about $600 million, rather than the $620 million to $700 million predicted two weeks ago, the company said in a statement on Business Wire. In April, Chairman Jerry Sanders forecast second-quarter sales of $820 million to $900 million.

    Weaker than expected demand in Europe and North America, even for a quarter that's typically the slowest for personal computer sales, prompted Advanced Micro and No. 1 chipmaker Intel to lower sales forecasts last month. The Semiconductor Industry Association in June said a recovery may not take hold until the second half.

    AMD shares, which have lost 45 percent of their value this year, yesterday fell 3.7 percent to $8.80.

    The Sunnyvale, California-based company didn't give a reason for the change in forecast in the statement. AMD will announce second-quarter results on July 17.

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