AMD posts deeper third quarter losses

Microprocessor company AMD continues to struggle has Intel made a smashing comeback with their Core2Duo range of processors.

AMD has now posted deeper third quarter losses than the analyst’s expectations.

AMD said in a statement that its net losses were $396 million for the quarter ending in September.

This is a major disappointment compared to profits of $136 million in the same period last year.

However, their sales were at $1.63 billion which is an improvement of around 23 percent compared to previous year in the same period.

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