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Last Updated: Friday, 19 October 2007, 09:04 GMT 10:04 UK
Increasing laptop sales boost AMD
AMD processor
AMD saw a big rise in revenues
The latest losses at chipmaker Advanced Micro Devices (AMD) were not as extensive as market expectations, thanks to surging sales of laptops.

AMD said its net losses for the three months to 30 September totalled $396m (194m), compared with a profit of $136m for the same period last year.

Its revenues rose 23%, again from a year earlier, to $1.63bn, led by a 43% rise in sales of its laptop chips.

Analysts said AMD was recovering from its recent price war with rival Intel.

At the end of last year, both firms extensively cut prices in an attempt to boost their market share, significantly reducing the profits at each company.

Analyst Joanne Feeney of FTN Midwest Securities said AMD was now "moving in the right direction".

SEE ALSO
Price battle causes losses at AMD
20 Apr 07 |  Business
Price cuts continue to hurt Intel
17 Apr 07 |  Business
AMD agrees to buy ATI for $5.4bn
24 Jul 06 |  Business
AMD set to lift output in Germany
30 May 06 |  Business
Dell boosted by chip announcement
18 May 06 |  Business
Dell's profits hit by price cuts
09 May 06 |  Business

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