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The chipmaker, with a staff of nearly 12,000, said in a statement it expects its restructuring actions, which will also include site consolidations, to result in operational savings of $190 million next year. It expects to record a restructuring expense in the fourth quarter of about $80 million. Like its larger rival Intel, AMD was caught flat-footed in recent years with the emergence and fast growth of mobile devices like Apple's iPad. Tablets and smartphones, once considered a niche market by Intel and others, are fast gaining favor with consumers and eating into sales of laptops and desktop computers, while a slowing global economy is dampening spending in general. AMD posted third-quarter revenue of $1.27 billion, down from $1.69 billion a year ago and a net loss of $157 million, or 21 cents a share, compared with a year ago profit of $97 million, or 13 cents a share. Analysts had expected AMD to post $1.28 billion in revenue for the third quarter, according to Thomson Reuters I/B/E/S. AMD estimated fourth-quarter revenue would fall 9 percent from the third quarter, plus or minus 4 percent. AMD's stock rose 3.4 percent in extended trade after closing down 5.41 percent at $2.62. (Reporting By Noel Randewich; editing by Carol Bishopric) Tech Media iPad Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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