July 13, 2001

AMD in 2Q freefall

Author: JT Smith

Reuters: "Advanced Micro Devices Inc., Intel Corp.'s chief
rival in the market for microprocessors, reported second-quarter
results that topped sharply lowered expectations as the company was
hit by flagging personal computer sales and fierce competition.

It also cautioned it may report a third-quarter operating loss and
forecast a sequential decline in sales of 10 percent to 15 percent from
second quarter levels."

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