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Advanced Micro Devices(AMD Quote) slashed second-quarter revenue guidance, citing lower sales of processors for desktop computers and some mobile devices.
The chipmaker expects second-quarter revenue of $1.22 billion, up 52% from a year ago but down 9% from the first quarter. AMD had previously forecast second-quarter sales that were equal to or down slightly from the first quarter.
Analysts were expecting sales of $1.31 billion, according to Thomson First Call. ...
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