advanced micro devices

Chipmaker AMD Suffers Big Losses, Announces Big Layoffs

PC chipmaker Advanced Micro Devices said on Thursday it will cut its work force of nearly 12,000 by 15 percent, its second round of layoffs in less than a year as it struggles with a weak global economy and a consumer shift toward tablets.

Wall Street Watch Tuesday: Zynga Gets Lucky

Zynga's stock has shed more than two thirds of its value since the company went public at $10 just nine months ago, but now the online gamemaker is in the news for something that may actually be good.

The Week's Top Technology News

Buyouts, bum guidance, and a broadening decline for a one-time tech titan top the week in review. Go inside the stories that prompted this week's big buys and sells in the nexus between Wall Street and Silicon Valley.

This Week's Leaders and Laggards

After a wild third quarter, the market seems to have stabilized a bit this week, in spite of a late Friday drop. With little macro-data news, investors turned their focus to Europe's debt crisis and third-quarter earnings season. Company-specific news drove stocks; here's a closer look at some of the S&P 500's most notable movers.

The Dow Snaps Its
Two-Day Losing Streak

Stocks closed mixed Friday as better-than-expected earnings from General Electric helped the Dow and S&P 500 snap two-day losing streaks, but the Nasdaq closed lower after disappointing results from Advanced Micro Devices.

Intel May Have a New Deal With the FTC

Intel (INTC) reportedly has reached a preliminary settlement with the Federal Trade Commission over allegations involving its sales and marketing practices

AMD Beats the Street, Stock Drops Anyway

Advanced Micro Devices released Q4 earnings numbers Thursday of $1.18 billion, or $1.52 per share, topping expectations. But with much of the gains coming from a $1.25 billion settlement with Intel, and with AMD offering negative guidance for Q1 2010, stock prices dipped in after-market trading.

AMD Posts a Profit, Boosted by Intel Payment

Advanced Micro Devices posted its first quarterly profit in three years. But the world's No. 2 maker of microprocessors said it would have lost money were it not for the payment it received from Intel to squash a long-running antitrust battle.

Can AMD Keep Up the Positive Momentum?

On Thursday, chip-maker Advanced Micro Devices will step into the earnings spotlight. Analysts' expectations call for a loss of 15 cents per share, compared a loss of 69 cents per share a year ago. But even if AMD beats expectations, a sell-off may be in the cards.