AMD rechnet mit Sonderbelastung

AMD rechnet mit Sonderbelastung von bis zu 863 Mio. Dollar
Der Chip-Hersteller Advanced Micro Devices Inc. (AMD) meldete am Montag, dass er im vierten Quartal aufgrund von Restrukturierungskosten und anderen Effekten voraussichtlich Nachsteuer-Belastungen in Höhe von 563-863 Mio. Dollar verbuchen muss.  
Am vergangenen Donnerstag teilte das Unternehmen mit, dass es 2.000 Stellen (15 Prozent der Belegschaft) streichen wird, um die Ausgaben in 2003 um 350 Mio. Dollar zu senken.  
Die Aktie von Advanced Micro Devices notiert an der NYSE aktuell bei 6,49 Dollar (+0,15 Prozent).  
Quelle: www.finance-online.de

Standard and Poor's downgraded Advanced Micro Devices's (AMD corporate credit rating to "B-" from "B," due to concerns over the company's ability to achieve its goals of significant profitability in 2003, given continued challenging market conditions. In addition, the debt rating agency assigned a "CCC" rating to chip maker's proposed $300 million convertible note issued announced ahead of Tuesday's opening bell. "Although AMD is refreshing its product portfolio and cutting costs, competitive pressures and weak market conditions are expected to be very challenging," said credit analyst Bruce Hyman. He said ratings may be lowered further if operating profitability, cash flows or financial flexibility aren't "significantly improved." The stock is now down 72 cents, or 11 percent, at $5.80.

Techs fell back into the minus column after the Nasdaq's brief stint in positive territory. Chip stocks were held down by losses in Advanced Micro Devices while sellers took aim at hardware issues.