Meanwhile, Intel surprised the market by blowing through Wall Street forecasts and setting ambitious outlooks that suggest the worst may be over for the sagging computer business—for some companies, anyway. Given the softness in the market, AMD president and chief executive Dirk Meyer argued that "we think it makes sense to evaluate things in a slightly longer window than usual."
"The AMD Product Company successfully executed its product and technology roadmaps in the first half of the year, including introducing the six-core AMD Opteron processor months ahead of schedule," Meyer said in a statement. "While we increased cash, exceeded our revenue plan and reduced operating expenses in the second quarter, gross margin was disappointing. New platform, microprocessor and graphics introductions planned for the second half of 2009 position us well to improve margins and meet our financial goals for the year."For more details, read my full news story on PCMag.com.