PC processor maker Advanced Micro Devices Inc. reported a net loss of 1.42 billion or $2.34 a share in the fourth quarter, recording its ninth consecutive loss as the global crisis hit the PC market reducing consumer spending and demand.
AMD said its loss in the same period last year was $1.77 billion or $3.06 a share. Revenue in the fourth quarter was $1.16 billion excluding some items.
Shares of AMD fell 23 cents, or 10 percent, to $2.02 at 4:oo p.m. in the New York Stock Exchange.
Competitor Intel Corp. the world's biggest maker of chips said last week its fourth quarter net income plunged 90 percent citing the economic downturn and weak demand for computers.