1. Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

AMD Updates Fourth Quarter Outlook

Discussion in 'News' started by malware, Dec 4, 2008.

  1. malware New Member

    Joined:
    Nov 7, 2004
    Messages:
    5,476 (1.53/day)
    Thanks Received:
    956
    Location:
    Bulgaria
    AMD today announced that it expects revenue from continuing operations for the fourth quarter ended December 27, 2008 to be approximately 25 percent lower than third quarter 2008 revenue of $1.585 billion, not including process technology license revenue. The decrease is due to weaker than expected demand across all geographies and businesses, particularly in the consumer market.
    AMD will report fourth quarter 2008 results after market close on January 22, 2009. AMD will hold a conference call on this day for the financial community at 2:00 p.m. PT to discuss fourth quarter results. A real-time audio broadcast of the teleconference will be provided at http://www.amd.com. The webcast will be available for ten days after the conference call.

    Source: AMD
  2. erocker

    erocker Super Moderator Staff Member

    Joined:
    Jul 19, 2006
    Messages:
    39,597 (13.37/day)
    Thanks Received:
    13,986
    Makes sense considering the entire market has been cut more than 25%. Really, even with a loss, in this market it's almost a win!
  3. Para_Franck

    Para_Franck

    Joined:
    Jan 17, 2008
    Messages:
    78 (0.03/day)
    Thanks Received:
    4
    Is it a common thing to vastly mediatise a conference? Maybe they will have bad news, or good news that they want many people to be aware of.

    It's fishy to me
  4. Steevo

    Steevo

    Joined:
    Nov 4, 2005
    Messages:
    8,218 (2.55/day)
    Thanks Received:
    1,141
    They must make report earnings public, thy are a publicly traded company.
    10 Million points folded for TPU
  5. KBD New Member

    Joined:
    Feb 23, 2007
    Messages:
    2,477 (0.90/day)
    Thanks Received:
    279
    Location:
    The Rotten Big Apple
    considering the economic circunstanses its as bad as i thought it would be. but their stock is trading a $2 a share nowadays, i'm afraid that they may be delisted from the exchange if things get worse.
  6. imperialreign

    imperialreign New Member

    Joined:
    Jul 19, 2007
    Messages:
    7,043 (2.71/day)
    Thanks Received:
    909
    Location:
    Sector ZZ₉ Plural Z Alpha
    TBH, considering the way the US economy has been, as well as the world economy - I was half expecting AMD to have estimated worse for 4thQ . . . I guess we'll have to wait until the formal report is out.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guest)

Share This Page