14 DAY TRIAL // According to the latest news on the web, it seems that the world's second largest chip manufacturer, Advanced Micro Devices, has announced that it lowers its previsions regarding the revenue for the fourth quarter of this year. The Sunnyvale-based company said that it expects revenue from continuing operations for Q4 ended December 27, 2008 to be approximately 25 percent lower than the third quarter of the year revenue of $1.585 billion, not including process technology license revenue.
The adjustment to the previously made forecast comes amid lower than expected demand across all geographies and businesses, particularly in the consumer market, greatly influenced by the economic crisis. A few weeks ago, the company was said to be able to surpass the financial turmoil much better than its archrival Intel, and revenue was expected to remain rather flat on quarter than move to a downward route.
The chip maker is expected to post its financial results for the fourth quarter after market close on January 22, 2009. AMD will hold a conference call at that time, during which the fourth quarter results will be discussed.
As said before, the company wasn't too concerned with the economic downturn that affects the industry. Since its products account for only a small portion of the market, industry watchers expected the company to see strong revenue during the last quarter of the year. As many of you know, AMD's graphics division ATI managed to take the performance crown from the graphics maker NVIDIA with its Radeon 4000 graphics, while also gaining good market share.
In addition, AMD has recently released its first 45nm microprocessor, code-named Shanghai, which has been designed for servers, and included in the company's Opteron CPU series. Moreover, the chip maker plans to release its next-generation desktop processors code-named Deneb under the Phenom II lineup in the first quarter of the next year.