Company AMD lowered forecast earnings in the fourth quarter of this year, reports Reuters. According to analysts AMD, the company revenue in the last quarter of 2008 will be 25 per cent less than the rate one year ago.
AMD Analysts estimate that over the last three months of 2008, the company spends about 1.2 billion dollars. In the last quarter of last year, AMD revenue was equal to half a billion dollars.
The reason for the reduction of income AMD will be a financial crisis. He led the company to reduce costs, including the purchase of new technology. Also, analysts note the decline in demand in the consumer market.
Recall that in the third quarter of this year, AMD earned 1.78 billion dollars, a 14 percent increase over one year ago. Net loss AMD in the third quarter amounted to 67 million dollars. The comparable figure last year was equivalent to 396 million dollars.
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