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AMD reports $416 million loss for Q1

micri

micri

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Dragon tamer AMD has yesterday reported some not at all rosy results for the first quarter of this year. The now fabless chip company has said that Q1 revenue was of $1.177 billion, similar to that of Q4 2008 but down 21% on-year, while the net loss piled up to $416 million or $0.66 per share. According to AMD, its microprocessor business made a $938 million in Q1, up 7% sequentially but down 21% compared to the first quarter of 2008, while the graphics arm (ATI) made $222 million, down 18% and 15% sequentially and on-year respectively.
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