The Channel logo


By | Ashlee Vance 11th January 2005 09:41

AMD suffering from memory loss in Q4

Warning scares investors

AMD's flash business appears to have spoiled an otherwise decent fourth quarter.

AMD late Monday warned that its flash memory unit will likely show a loss when the company reports its fourth quarter results on Jan. 18 due to slow sales. In a previous forecast, AMD said it expected memory sales to be either flat or up during the quarter. Investors recoiled at the warning, sending AMD's shares down almost 8 per cent to $18.55 in after-hours trading - at the time of this report.

Overall, AMD expects to report sales for the fourth quarter that are slightly higher than the $1.24bn in sales it posted in the third quarter. AMD should still report a profit, but it's income will be "down significantly" from the third quarter's $68.4m.

Processor sales continue to impress and will likely be higher than third quarter sales, AMD said. The company's processor business should post a profit.

AMD's downward guidance likely means that rival Intel gained ground in the flash memory market and applied significant pricing pressure. ®

Related stories

It's official: storage is the new chips
Intel ups Indian investment
Laptops, servers buoy Intel's results
AMD turns profit on strong 64-bit chip sales
AMD issues revenue warning

alert Send corrections


Frank Jennings

What do you do? Use manual typwriters or live in a Scottish croft? Our man advises
A rusty petrol pump at an abandoned gas station. Pic by Silvia B. Jakiello via shutterstock

Trevor Pott

Among other things, Active Directory needs an overhaul
Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella


League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC
One reselling man tells his tale of woe