AMD Stock Drops After Revenue Warning
AMD saw its stock decline $0.30 or about 4.7% to $6.04 following the quarter update released by the company yesterday. Based on a stock price of $6.04, AMD has a market capitalization of about $3.66 billion. The share price is in the range of a five-year low, which was hit at $5.42 on January 10 of this year. Back in January of 2003, AMD stock briefly traded below the $5 mark.
AMD announced yesterday that its Q1 revenue fell short of expectations and the company would lay off about 10% of its staff to bring its cost structure in line with its revenue performance.
Apple Says AirPort Extreme With USB Drives Will Not Receive Support
- Apple Applies For Electro-magnetic Connector Patent
- Futuremark Launches Google Apps-styled Approach To Benchmarking
- Users on iPhone 2.0 Firmware Get Bricked Phones Today
- Red Hat Says U.S. Patent System Is Broken
- AMD To Bring 'Cost Structure In Line With Performance'
- Facebook's Zuckerberg To Settle Lawsuit By Former Classmate
- Motorola And Carl Icahn Play Nice
- Qisda To Begin Shipping 3G Handsets To Motorola In Q3 08
- 3G IPhone To Debut In T-minus 60 Days?
Apple Trademarks App Store Icon
- Apple Trademarks App Store Icon
- EMC Acquires Iomega
- Major Shareholder Legg Mason Ready to Back Yahoo Against Microsoft
- DRAM Memory Makers Think It's Time For Price Hike
- VIA And SiS To Not Participate In Computex 2008
- Nokia Pays $314M to Close German Plant
- Boeing Delays 787 Dreamliner To Q3 2009
- Nokia's Tube Target: Outsell The 2G And 3G IPhone Combined
- Google Retracts After Caught Stealing Ideas
- Magnavox TVs Will Be A Funai TVs Soon
Ads
