AMD

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AMD first-quarter results beat expectations

SAN FRANCISCO — Advanced Micro Devices (AMD) yesterday forecast current-quarter revenue above Wall Street’s expectations as it rushes to find new markets to offset its declining core business of PC chips.

The US chipmaker reported revenue of US$1.09 billion, down from US$1.59 billion in the year-ago quarter. It said June-quarter revenue would rise 2 per cent, plus or minus 3 per cent, compared with the March quarter.

http://www.todayonline.com/business/amd-...pectations
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