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AMD -5.7% AH after warning it expects Q2 revenue to fall 11% Q/Q, well below a guidance range of...

  • Monday, July 9, 2012, 4:41 PM ET
    AMD -5.7% AH after warning it expects Q2 revenue to fall 11% Q/Q, well below a guidance range of +/- 3%. AMD blames weaker-than-expected distributor sales in China and Europe, and the impact of poor consumer spending on sales to OEMs. Archrival Intel (INTC) has already seen a raft of estimate cuts, and downbeat commentary about PC demand has been easy to find.
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This news story has 2 comments:

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    Some supply chain implications of AMD's warning: http://seekingalpha.co...
    9 Jul 2012, 07:37 PM Reply Like
  •  
    In the last few months, AMD lost more than 30% in market value. Basically, the worst possible outcomes for the company were already baked in the price. It's funny that AMD had to fall another 6% after bad news that was already priced in multiple times.
    10 Jul 2012, 02:39 AM Reply Like
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