AMD plans to cut operating loses

Author
Aron Schatz
Posted
October 18, 2002
Views
1180
Tags News

Page All:

Page 1
AMD wants to get some more money, so make the company more efficient! Simple enough.

Quote

Advanced Micro Devices intends to cut operating expenses $350 million in 2003 and plans to reach a break-even level in the second quarter of that year, President Hector Ruiz told financial analysts Wednesday on a conference call.

AMD's target break-even revenue point is $875 million, due to the reduced costs, said Bob Rivet, senior vice president and chief financial officer.

Title

Medium Image View Large