Chip manufacturer AMD said late yesterday that its K7 processor will not now ship in June, as it had anticipated.
At the same time, the company said there was a substantial decline in its first quarter processor shipments.
Severe price competition caused revenue to slip, said AMD, while it also had delays shipping K6-2 processors because of yield problems.
This is very bad news for AMD. Its financial results come out next week, while it also faces a barrage of class actions from aggrieved shareholders.
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