Monday, April 9, 2007

AMD sees revenue below Wall Street view

(Reuters) - The company said it plans to reduce 2007 capital expenditures by about $500 million, cut discretionary expenses and limit hiring to critical positions.

Analysts on average had expected AMD to report revenue of $1.54 billion, according to Reuters Estimates. The company is due to report financial results on April 19.


Read more at Reuters.com Business News

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