BW Online | March 6, 2003 | AMD: Too Smart for Its Own Good?

BW Online | March 6, 2003 | AMD: Too Smart for Its Own Good? AMD, the world's second-largest maker of computer chips, continues to face huge challenges. The economic downturn and pressure from its bigger rival, No. 1 Intel (INTC ), are still taking their toll. In AMD's fourth quarter, ended Dec. 29, sales declined 28%, to $686.4 million, vs. the same quarter in 2001, but they were still up over the previous quarter. AMD (AMD ) also posted a net loss of $854.7 million, including restructuring and other charges, for the fourth quarter. Long in the red, it hopes to see profits by the fourth quarter of 2003. Most analysts say that hope is increasingly unlikely.