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Chipmaker Advanced Micro Devices is among the most recent casualties of the slowdown in technology spending. On Dec. 4 the chipmaker drastically cut its sales outlook, saying fourth-quarter revenue will drop about 25 percent from the third quarter’s $1.59 billion. AMD blamed a cratering in demand for chips used in personal computers and servers, the machines that run corporate networks. The company cited “weaker-than-expected demand across all geographies and businesses, particularly in the consumer market.”

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AMD Grits Teeth on Painful Q4 Outlook

Advanced Micro Devices is splitting into two companies with the help of a massive cash infusion by investors in the United Arab Emirates capital Abu Dhabi. AMD will continue designing semiconductor chips for computers and servers. The spinoff, called “The Foundry Company,” will focus on manufacturing semiconductor chips. The corporate split will be financed with $6 billion in capital from Advanced Technology Investment Company, which is owned by the government of Abu Dhabi. Sunnyvale, Calif.-based AMD will own 44.1 percent of Foundry.

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AMD Divides Operations to Conquer Intel

Shares of Advanced Micro Devices fell at the market open Friday, a day after the chip maker reported the departure of chief executive Hector Ruiz and reported a wider second-quarter loss than analysts expected. The shares lost 40 cents, or 7.8 percent, to $4.90 shortly after the opening bell. The stock has ranged from $4.53 to $16.19 over the past year. Under Ruiz’s leadership, AMD rose to challenge larger rival Intel as never before in AMD’s nearly 40-year history.

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AMD Shares Tumble on CEO Departure, Anemic Q2

Virtualization has evolved from a development tool running on the desktop to an essential component of IT infrastructure strategy. Companies use virtualization as a means to increase desktop, server and storage utilization, to consolidate data center operations and utility costs, and to reduce the data center’s floor space. A recently published Aberdeen benchmark, Virtual Strategies: Managing Servers, Desktops and Storage for Infrastructure Efficiency, found that 92 percent of companies have implemented some type of server virtualization.

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All Signs Point to Virtualization

AMD on Monday launched a new line of PCs targeting small and medium-sized businesses. Through its business class initiative, the chipmaker aims to provide desktop solutions to customers stuck between consumer PCs and enterprise-class systems. “Often, SMBs don’t need all the higher level performance [in an enterprise-class PC] that comes with a higher price, but also need something that’s going to be more in terms of reliability and capability than a consumer product would be,” said Ray Boggs, an analyst at IDC.

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AMD Fishes for SMB Buyers With Business Class Initiative