Arik Hesseldahl

Recent Posts by Arik Hesseldahl

AMD Cuts Guidance on Chipmaking Troubles

Chipmaker Advanced Micro Devices just reduced its outlook for the current quarter, saying it now expects sales to grow in the 4 to 6 percent range, down from prior guidance of 10 percent or more. Also, gross margins will be 44 to 45 percent, lower than previously forecast. AMD blamed manufacturing difficulties at its former fabrication arm, GlobalFoundries, for the reduced expectations. AMD stock was down almost 8 percent in after-hours trading.


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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”