AMD said Monday that it is unlikely to meet its previously estimated revenue guidance of $1.6 to $1.7 billion for the first quarter. Shares of the company fell 3.7 percent in early trade Monday.

The company said CEO Hector Ruiz will update the guidance Monday afternoon at its presentation at the Morgan Stanley Technology Conference.

In late January, AMD reported that earnings were down substantially in the fourth quarter of 2006, as the company's chip price war with Intel took a toll on its profits.

By: DocMemory
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