AMD forecasts first revenue drop in seven quarters, shares plummet

(Reuters) – Advanced Micro Devices Inc on Tuesday flagged competitive pressures with a forecast that pointed to the first revenue drop in seven quarters, sending the chipmaker’s shares plunging 11 percent in after-hours trading. FILE PHOTO: AMD Opteron 6000 series processor is seen on a motherboard during a product launch in Taipei April 14, 2010. […] Read more »

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