October 8, 2001

Big trouble for beleaguered AMD

Author: JT Smith

Kelly McNeill writes: "More problems surfaced Friday for Sunnyvale, California-based chip maker AMD, which announced that its net loss for the quarter ended September 30th could approach US$220 million, including one-time restructuring charges connected with layoffs and plant closings of between $80 million and $110 million. Excluding the one-time charges, a pro forma loss of $110 million represents a per-share deficit of 31 cents, rather than the 12 cents per share loss that analysts had been predicting."

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