AMD posts quarterly net loss as costs rise

[NewsBot]

*Source: ZDNet (http://news.zdnet.com/2100-9584_22-6214252.html)*
_______
Advanced Micro Devices, the second-largest maker of computer microprocessors, posted a better-than-expected quarterly loss on Thursday as its gross margins improved.

AMD, which competes with market leader Intel (http://www.news.com/AMD-looks-for-fi...-6192021.html), said its third-quarter net loss was $396 million, or 71 cents per share, compared to a net profit of $136 million, or 27 cents per share, in the year-ago period.

More...