advanced micro devices Q207Financials

- Advanced Micro Devices reported a net loss of $600 million for the quarter ended June 30, 2007, bringing the total net loss for the first half of 2007 to $1.211 billion. - Revenue increased 11.9% compared to the previous quarter but the gross margin percentage declined from 28.1% to 33.5% due to higher costs. - Research and development expenses increased 9.5% compared to the previous quarter as the company continued investing in new products.