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 SAN FRANCISCO (AP) - Advanced Micro Devices Inc. posted a second-quarter loss on heavy acquisition costs and lower microprocessor prices but gave investors hope with rising sales that beat Wall Street's expectations.
The world's No. 2 microprocessor maker won more market share during the quarter, and management predicted that the company will break even in the fourth quarter.
"I'm optimistic," said Doug Freedman, an analyst with American Technology Research. "I have my long-term concerns, but there was a bit of sentiment that these guys were going to get run out business. You don't expect someone who's going to get run out of business to run up the share like they did."
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