AMD posts second-quarter loss

Advanced Micro Devices has announced that it will post a loss for the second quarter of 1996.

Advanced Micro Devices has announced that it will post a loss for the second quarter of 1996 resulting from a price drop on its memory chips.

Sales for the period ending June 30 reportedly are down 15% from US$544 million in the first quarter of the year.

The company's sales began slipping last year, when demand for the Intel Pentium chip caused a sharp decline in the sale of its clone of the Intel 486 microprocessor.

AMD is currently at work on a faster chip that will rival the Pentium but that won't be ready until the end of the year, according to a company spokesman. Consequently, the company is expecting to suffer losses in the third quarter as well.

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