Updated at 6:15 p.m. PST with AMD statement about a letter it received from Intel on January 20.
Advanced Micro Devices on Thursday reported a bigger-than-expected net loss of $1.4 billion for the fourth quarter of 2008. This is the chipmaker's ninth consecutive quarterly loss.
AMD also disclosed that it received a letter from Intel regarding the two companies' patent cross-licensing agreement.
The $1.42 billion loss, or $2.34 per share, was below the $1.77 billion loss, or $3.06 per share, reported a year ago but worse than Wall Street analysts had expected… Read more