AMD's president has described his company's last few months as a 'Perfect Storm'.
Dirk Meyer said that AMD had been battered by declining shipment numbers and a decrease in average selling prices.He said that the company intends to fix its damaged ship and sail straight through the remaining portion of what the firm calls a "perfect storm."
He said that the company is still trying to recover from delivery issues in the channel. Many retailers switched to Intel, as AMD neglected smaller customers in Q4 and provided preferred treatment to new and larger customers such as Dell and Lenovo.
He did not say how he thought AMD would navigate out of this "perfect storm", but if you read the book no-one came back.