SUNNYVALE, Calif. -- Advanced Micro Devices Inc., a maker of microprocessors for computers, has cut its second quarter guidance by $100 million, taking anticipated second quarter sales revenue down to approximately $615 million.
The company's projection made in connection with the release of first quarter results was for second quarter sales to be at least $715 million.
"The anticipated global sales improvement in the month of June did not materialize as we had anticipated," said Robert J. Rivet, AMD's chief financial officer, in a statement. "In particular, the decline in personal computer and handset sell-through in China and other Asian markets, largely related to the SARS epidemic, significantly affected AMD's sales in the second quarter."
AMD expects to report its second quarter 2003 results on July 16, 2003.