Saturday, April 4, 2009

AMD

Advanced Micro Devices on Friday said it would take further actions, which could include facility closures, to cut costs as it restructures in an effort to return to profitability.
The further cost reduction efforts are expected to result mainly from consolidations of facilities as the company tries to merge operations, said Drew Prairie, an AMD spokesman.
AMD originally reported the additional cost-cutting measures in a filing on Thursday with the U.S. Securities and Exchange Commission.
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