Microsoft to AMD Follow Intel Suffering From PC Weakness
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Microsoft Corp. and Advanced Micro Devices Inc. declined after reporting quarterly results that fell short of analysts’ predictions as competition from tablets and global economic weakness squeeze sales.
Microsoft, the largest software maker, reported fiscal first quarter sales and profit yesterday that missed estimates on declining sales of Windows, its flagship operating system. AMD, the No. 2 maker of PC processors, forecast fourth-quarter sales that may miss projections and said it will cut 15 percent of staff. Chip maker Marvell Technology Group Ltd. dropped after cutting its fiscal third quarter revenue forecast.