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AMD wants to get some more money, so make the company more efficient! Simple enough.
AMD wants to get some more money, so make the company more efficient! Simple enough.
Quote
Advanced Micro Devices intends to cut operating expenses $350 million in 2003 and plans to reach a break-even level in the second quarter of that year, President Hector Ruiz told financial analysts Wednesday on a conference call.
AMD's target break-even revenue point is $875 million, due to the reduced costs, said Bob Rivet, senior vice president and chief financial officer.