AMD Closes In on Break-Even Point
Chip maker loses $146 million in Q1 but is on target to break even by the end of the second quarter.Advanced Micro Devices Inc. lost $146 million in the first quarter and saw sales decline 21 percent from the same period last year, but company officials on Wednesday said the company is on target to reach the break-even point by the end of the second quarter. The Sunnyvale, Calif., chip maker saw its numbers jump from the fourth quarter 2002, including a 4 percent increase in sales. In the fourth quarter, AMD lost $855 million.
PC processor sales came in at $468 million, an 11 percent increase over the fourth quarter, and memory sales of $218 million represented the fourth consecutive quarter of increased sales, officials said.