PC Weakness & Seasonal Decline In Semi-Custom Business To Impact AMD's Q1'15 Earnings

AMD expects lower PC sales and a seasonal decline in its semi-custom business to further lower revenues in Q1 2015. The company anticipates a 15% sequential decline (+/- 3 percentage points) in its revenue for the quarter. For fiscal 2015, AMD is concentrating on three key aspects: 1) reversing the decline in the PC business; 2) increasing R&D investments in enterprise, embedded and semi-custom devices; and, 3) diversifying its revenue base by growing in new markets. Just how the strategy plays ...