AMD Forecast Misses Estimates; to Cut 15 Percent of Staff; Result of the shift from PC to Apple's iPhone and iPad

AMD Forecast Misses Estimates; to Cut 15 Percent of Staff
Businessweek
Advanced Micro Devices Inc. (AMD), the second-largest maker of processors for personal computers, forecast fourth-quarter sales that will miss analysts' estimates and said it will cut 15 percent of its staff.

Featured:AMD to cut 15 percent of workforce, sees weak Q4 ahead ZDNet - by Larry Dignan