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AMD still not making profit
Admits sixth consecutive quarterly loss
21 April 2008 11:03 GMT / By Katie Scott
The chipmaker Advanced Micro Devices (AMD) is still in the doldrums and seems unable to boost its sales and compete with Intel.
The company has reported its sixth quarterly loss in a row admitting a loss of $358m (around £180m) between January and March.
This is despite the fact that sales were up 22% on the same period in 2007.
This latest news comes after the announcement that AMD is to slice 10% of its global work force, resulting in a loss of about 1600 jobs.
Chief executive Hector Ruiz has hinted at further restructuring "in the near future".
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