Advanced Micros Devices (AMD) has unveiled
first quarter net losses of $358m (£179m), compared with a $611m loss for last
year's first quarter.
Revenue met projections falling 15 per cent year on the year to $1.5bn and 22
per cent on the fourth quarter of 2007.
The results included charges of $50m related to the acquisition of
ATI, while delayed shipments of
Barcelona,
the new version of AMD's Opteron chip also hit revenues.
And the company expects further decline this quarter due to an imminent
restructuring charge and in line with seasonal trends.
Arch rival Intel reported nine per cent
growth in revenue with a fall of 12 per cent in profits and forecast a promising
second quarter.
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