AMD reduces its quarterly losses, but the news isn’t great either

Wall Street analyst: “At least they do not appear to be collapsing yet.” AMD, the perennial underdog, just announced its latest quarterly earnings. Unsurprisingly, they’re not great: the company lost $146 million in the first quarter of 2013. While that’s not as bad as the fourth quarter of 2012 (-$473 million) or even the first quarter ...