"Chip maker Advanced Micro Devices Inc. warned Monday it is "unlikely to meet" its revenue guidance for the first quarter.
The company's outlook was for sales of $1.6 billion to $1.7 billion.
Analysts polled by Thomson Financial are looking for $1.7 billion in sales.
Shares of the Sunnyvale, Calif., company were down 48 cents at $13.69 in premarket trading, after closing Friday at $14.18 on the New York Stock Exchange."
Bear in mind that these numbers were already guided down from the last, already disappointing, conference calls. This is not a straightforward comparison from the previous year due to the inlcusion of ATI's revenue but it should be common knowledge that both AMD and ATI are lossing money with its luckluster product offering and poor execution.
The question now is, by how much and what impact will it have on any propects of raising the badly needed money.