Chipmaker AMD’s results beat expectations
SAN FRANCISCO (Reuters) – Chipmaker Advanced Micro Devices forecast revenue above expectations as it struggles against larger rival Intel in a lackluster PC market. Shaky economies in Europe and the unsteady recovery in the United States, a growing consumer preference for tablets, and a recent shortage of hard drives due to flooding in Thailand last year have taken a toll on the PC industry. AMD also faces stiff competition as Intel starts shipping its newest powerful PC chip, code-named Ivy Bridge, and builds sales of its recently launched Romley server platform. . . .
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