Five Companies That Dropped The Ball This Week

AMD Reports Disappointing Q2 Results

AMD reported $46 million in profit during its fiscal second quarter, but that bit of positive news was outweighed by a 10 percent drop in quarterly revenue and an acknowledgment that its 32-nm Llano chips are not selling as well as expected. "Clearly, our performance in the quarter was disappointing and did not meet our commitments," AMD CEO Rory Read (left) said in a conference call with analysts. "When I joined AMD last year, we laid out a set of priorities to improve our execution and transform the company to sustain our long-term growth potential. This has not changed."

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