AMD announced this Thursday that their streak of quarterly losses had still not been broken, particularly during this time in a troubled economy. Apparently, $1.4 billion was lost during the last quarter of 2008. The last time AMD was a profitable company was in the third quarter of 2006. To add pain to their troubles, like many other semiconductor companies, they are additionally struggling against overall weakened consumer demand for personal computers. AMD is also still troubled by the debt incurred since the $5.6 billion purchase of ATI in 2006. Following this announcement, AMD's shares fell by 23 cents to $2.02 in regular Nasdaq trading and by a further 7 cents to $1.95 in after hours.
News source: ArsTechnica
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