August 30, 2001

AMD warns on revenue, attacks Intel

Author: JT Smith

Kelly McNeill writes "Warning on Wednesday that third-quarter sales will be 15 percent lower than the previous period, microprocessing challenger Advanced Micro Devices lashed out at rival chipmaker Intel for "devaluing" megahertz and accused the chip leader of misleading consumers. The Sunnyvale, California-based AMD -- caught up in a price war with Santa Clara, California-based Intel amid a sagging PC market -- said revenue in the current quarter will be even less than expected, mostly because of poor sales in flash memory chips."

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