AMD to take $948 million second-quarter charge
Advanced Micro Devices announced Friday that it would take a total of $948 million in charges in the second quarter, sending its stock down as much as 7 percent in early morning trading.
Shares of the chipmaker fell as low as $4.60 a share in early trading, or down approximately 7 percent. AMD was trading at $4.82, down 2.8 percent, later in the morning.
AMD noted the bulk of its charges will come from a continuing deterioration in the goodwill value of its former ATI handheld and DTV units, which are part of AMD's Consumer Electronics … Read more