AMD expects revenue from continuing operations for the fourth-quarter to be approximately 25 percent lower than third quarter of 2008 revenue of $1.585 billion.

AMD is taking steps to solve its problems. After a year in the works, it obtained an investment of up to $8.4 billion from the Abu Dhabi government and separately plans to split the company into two parts.

As part of the long-awaited and expected plan--which impacts 3,000 jobs--AMD will spin off its manufacturing operations into a new foundry company that will compete against TSMC, UMC, and possibly, one of its partners in Chartered. So, in effect, AMD will essentially become a fabless design house.

By: DocMemory
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