Five Companies That Dropped The Ball This Week

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AMD Reports $590 Million Loss In First Quarter

AMD said it exceeded expectations in its fiscal first quarter, but a $703 million charge tied to changes in its dealings with Globalfoundries, its former manufacturing unit, sent the chip maker to a $590 million loss during the period. While not unexpected, this is not the sort of news that a company chasing an entrenched competitor like Intel wants to hear.

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