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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald