AMD cuts forecast

Chip maker AMD warned investors that it might not haul in the revenue numbers it and Wall Street analysts were expecting this quarter.

In a statement, the firm said it will deliver third quarter revenue of around $1.65 billion, down from the $1.72 billion analysts were expecting and down between one and four per cent over the second quarter.

"The sequential decrease is due to weaker than expected demand, particularly in the consumer notebook market in Western Europe and North America," the firm said.

Rival Intel posted a profit warning of its own recently, similarly citing weak demand, which sounds bettter than 'overly-strong predictions'.