AMD to lose a bundle in second quarter

— 12:00 AM on June 19, 2002

Bad news from AMD today. We don't cover corporate earnings reports too consistently, but the big numbers here made me take notice:

SUNNYVALE, CA - June 18, 2002 - AMD (NYSE:AMD) announced today that sales for the second quarter ending June 30, 2002 are anticipated to be within the $620 million to $700 million range. At these depressed sales levels, the Company anticipates a substantial operating loss for the quarter. The Company's projection made in connection with the release of first quarter results was for second quarter sales to be within the $820 million to $900 million range.
Not pretty. Nearly all PC-related companies have been hit hard by a rough economy, but I'm intermittently amazed by AMD's ability to survive and even seemingly thrive while losing money—and not just small amounts—nearly all the time.

AMD soldiers on, however, with the release of the Athlon MP 2100+ processor today:

SUNNYVALE, CA-JUNE 19, 2002-AMD today introduced the AMD Athlon(tm) MP processor 2100+, a high-performance multiprocessor designed to provide the reliability demanded by server and workstation environments. With its QuantiSpeed(tm) architecture and Smart MP technology, the AMD Athlon MP processor 2100+ can integrate smoothly into existing infrastructures, providing the stability and manageability that IT managers require.
This is the processor for low-to-mid-range servers, and an extra 66MHz can't hurt. We'd have a review for you, but we're just swamped, and our Athlon MP 2000+ review still looks fresh to me. It should be edible so long as you use plenty of ketchup.
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