AMD plans to cut operating loses
Poster: Aron Schatz
Posted on October 18, 2002 at 5:04:15 PM
AMD wants to get some more money, so make the company more efficient! Simple enough.
Quote
Advanced Micro Devices intends to cut operating expenses $350 million in 2003 and plans to reach a break-even level in the second quarter of that year, President Hector Ruiz told financial analysts Wednesday on a conference call.
AMD's target break-even revenue point is $875 million, due to the reduced costs, said Bob Rivet, senior vice president and chief financial officer.