Dark times in Sunnyvale
AMD on Monday announced that revenue for the second quarter ended June 27, 2015, is expected to drop 8 percent sequentially, compared to the company’s previous guidance of a 3 percent decline, plus or minus 3 percent. The Sunnyvale chip designer blamed its financial struggles on weaker than expected PC demand in the consumer sector, which is negatively affecting its APU sales.
Adding to its financial woes is a one-time charge …read more
