AMD`s $1.4 billion loss bigger than expected

Suggested by Webmaster on Friday January 23, 2009

Advanced Micro Devices on Thursday reported a bigger-than-expected net loss of $1.4 billion for the fourth quarter of 2008. This is the chipmaker's ninth consecutive quarterly loss. AMD also disclosed that it received a letter from Intel regarding the two companies' patent cross-licensing agreement. The $1.42 billion loss, or $2.34 per share, was below the $1.77 billion loss, or $3.06 per share, reported a year ago but worse than Wall Street analysts had expected

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