More Bad News From AMD

amd_logo_us-enAMD (s AMD) ditched its fabs to stay alive, but apparently that isn’t doing the trick. Today the chipmaker announced that its revenues from continuing operations for the fourth quarter ending Dec. 27, 2008 will be approximately 25 percent lower than third-quarter revenue of $1.585 billion. The company blamed weak demand across all markets. Indeed, PCs didn’t even rank among the top 10 purchases during the post-Thanksgiving Day shopping period in the U.S., despite big discounts. I think the entire PC ecosystem is feeling the strain of the weak economy; the hot items this season so far are lower-priced netbooks. Too bad AMD thought they were a joke. Now the joke’s on them! (Just kidding guys!)