AMD will not be back in the black until the second half of next year following technical problems with its latest server chip, according to the company's chief executive.
The microprocessor firm aims to break even in the second quarter of 2008 before returning to profitability in the following three months, Hector Ruiz told an analyst conference in New York.
"We have gone through a very difficult time, reacted quickly and decisively, and we are on our way to really have, I believe, a phenomenal transition year in 2008," said Ruiz.
The firm's share value fell 13c to $8.8 on Thursday, following the announcement.
AMD's recent performance has suffered due to problems with its Barcelcona server chip, which combines four processors in a single device. The product launched in September but is still unavailable for bulk purchases, due to technical faults.
Post your comment
Send an email to the Computing editor at feedback@computing.co.uk
del.icio.us
digg this
reddit!
Scheme has already delivered important benefits but first phase is 18 months late 04 Jul 2008
Storm approaching email market as clouds gather on SaaS provision 04 Jul 2008
Retailer suffers from web downtime for the second time in a month 04 Jul 2008
More news
Cutting fuel costs and improved services high on airline’s agenda 03 Jul 2008
Formula 1 team uses a virtual private network to exchange strategic data with its UK factory 02 Jul 2008
Experts warn that changes could tempt new cyber-squatters 02 Jul 2008 More in depth
Advertising Marketplace
- Enterprise Accounting Solutions
- Business Intelligence Solutions
- Enterprise Content Management (ECM)
- Supply Chain Management
- Enterprise Resource Planning (ERP)
- Project Management Solutions
- Customer Relationship Management (CRM)
- Security Solutions
- Systems Management
- Networking and Communications Solutions
Featured jobs
More job opportunities