You must've heard about AMD's latest financial state as well as how the US economy has plunged straight down with huge losses for the biggest banks, massive insecure lendings and very low consumer spending - Google and Cat are notably ones to make huge profits but assess their sheets - the profits are from increased overseas gains.
AMD updated its forecast before to $1.225bill expected revenue so they met the anlaysts renewed expectations when they broke news of $1.505bill revenue having $358mill net loss with "over 0.5mill quad-core sold this quarter" compared to the previous expectations of $1.552bill revenue. They also advised of lower than expected Q2 sales.
AMD in a statement attributed the shortfall to "lower overall average selling prices and significantly lower unit sales" from its computing solutions group, which encompasses desktop PCs, laptops, workstations and servers.
So our position for second quarter is we are cautious. We clearly still see I’ll call it the consumer pressures but we don’t need to forecast stronger or worse than at this point in time. We’ll just kind of try to hit it down the middle of the fairway.
And we’ve got a new product lineup which we believe will help us but again, I need to reestablish credibility versus throwing out a big number or a small number.

Again, our consumer exposure makes that a little tough but our goal is to hold share, not lose anymore share than we have and if anything, try to gain some of it back that we lost, particularly in the server space.
ASPs were flat in every lineup. Fab 36 is no where near full out production, which shows major player demand is less - until Q2 at least. With the cost of manufacturing increasing from B2 to B3 [combined costs withhout sales], old inventories still not sold, AMD blames slow sale of old products as well as the lack of SMB, OEM, HPC and general server K10 supply [none for 8 months]. Understanding industry and the tier one being what can decide ASP and profits single handedly, I don't know anyone who never expected far worse.

Stocks were around $5.60 Tuesday but shot up +$0.12 at close after the conference while Intel closed -$0.02 on the same day. Now stocks are a little down from the $6.39 jump to $6.11. There are positives as well as negatives to take. Their drop in share price from Nov '07 to Jan '08 based mainly on the TLB bug and no HPC, SMB, general server, notebook and OEM products, was massive to say the least.

I'm not going to say anything more but post links to the details, apart from... Shanghai decides it [read: server] and by Q1 '09 we'll know the state well enough.

Three reports:
http://www.internetnews.com/bus-news...le.php/3670491
http://www.marketwatch.com/news/story/amd-reports-narrower-loss-cites/story.aspx?guid={4ADE2FB6-EC5F-446C-A5B6-CE77F42380CB}
http://www.physorg.com/news127671130.html
http://www.fool.com/investing/value/...ing-it-on.aspx
http://www.fool.com/investing/value/...re-coming.aspx

Full financial breakdown of the last few years: http://www.amd.com/us-en/Corporate/I...06_643,00.html
Full Call Transcript with all info from AMD direct about why and for the future, what and when [highly recommended read!]: http://seekingalpha.com/article/7281...cripts_sidebar
Trading Report for (AMD) Detailed Technical Analysis + Free Market Timing Report: http://reports.finance.yahoo.com/w0?r=35588260:1