AMD sees sales down 9 percent in 2Q
California: Advanced Micro Devices Inc maker of microprocessors has warned that its second quarter sales will be 9 percent below the first quarter, missing Wall Street forecasts. The No. 2 computer chip maker after Intel Corp., AMD said it expects revenue of $1.22 billion for the second quarter, up 52 percent over the same period last year but below the $1.31 billion analysts had expected, according to Thomson Financial.

AMD said sales of mobile and desktop processors had dipped in the second quarter. In May, AMD shares surged on news that leading PC maker Dell Inc. would incorporate AMD chips into its high-end servers and end its exclusive relationship with Intel. AMD shares fell 7 cents to $23.83 Thursday on the New York Stock Exchange before the sales outlook was released. AMD plans to report its quarterly results July 20 after the market close.
Back to News Review index page  

Microsoft may be fined by EU
Microsoft Corp may be fined next week for failing to comply with European Union's antitrust order, Competition Commissioner Neelie Kroes said. She declined to say the amount of the fine.

Competitors and regulators say Microsoft, did not comply with an order passed on March 2004 to license information to rivals on how Windows communicates over a network. The fines, which the European Commission has said would be backdated to Dec. 15, may touch hundreds of millions of euros.

Regulators from the EU's member states voted on July 3 to support the commission's plan to fine Microsoft by as much as 2 million euros ($2.5 million) a day for failing to comply, three people with knowledge of the closed-door meeting said at the time. The commission, the EU's antitrust authority, says failure to provide the information hinders competition in the market.

Representatives of the 25-member EU will meet again on July 10 to decide how much to fine Microsoft.
Back to News Review index page