AMD Lowers Outlook And Plans To Restructure

Posted: Apr 9 2007, 10:58am CDT | by , Updated: Aug 11 2010, 1:27am CDT, in Technology News


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AMD Lowers Outlook and Plans to Restructure

AMD expects to report revenue of approximately $1.225 billion in the quarter ending March 31, 2007. AMD predicted $1.6-$1.7billion in the beginning of the year and the company had 1.33 billion in same period in 2006.

Revenues declined sharply quarter-over-quarter for the Computing Solutions segment, primarily due to lower overall average selling prices and significantly lower unit sales, especially in the resale channel.

AMD plans to restructure its business model to increase operational efficiencies and lower its operating cost structure. AMD will reduce 2007 capital expenditures by approximately $500 million, which the company believes will not materially impact capacity plans for the year. AMD will also significantly reduce discretionary expenses and limit hiring to critical positions. AMD will provide more details during its conference call to report first quarter 2007 financial results on April 19th.
More details in this AMD press-release.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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