Chip-maker AMD revealed some first quarter financial numbers today, and the results aren't exactly stellar. Total revenue for the company was $1.505 billion, but it had sustained a net loss of $358 million, or $0.59 per share, and an operating loss of $264 million. These results include an impact of $50 million, or $0.08 per share, from ATI acquisition-related charges. However, although first quarter revenue decreased 15% compared to the fourth quarter of 2007, it actually increased 22% compared to the first quarter of 2007.
“A seasonally weak first quarter was amplified by a challenging economic environment for consumers and lower than expected revenues of previous generation products, resulting in lower than expected revenues in all business segments.” said Robert J. Rivet, AMD’s Chief Financial officer. “We remain committed to achieve operating profitability in the second half of the year, driven by our portfolio of new products and platforms and aggressive restructuring programs.”
Thanks for the tip, HenryC!
“A seasonally weak first quarter was amplified by a challenging economic environment for consumers and lower than expected revenues of previous generation products, resulting in lower than expected revenues in all business segments.” said Robert J. Rivet, AMD’s Chief Financial officer. “We remain committed to achieve operating profitability in the second half of the year, driven by our portfolio of new products and platforms and aggressive restructuring programs.”
Thanks for the tip, HenryC!
is that they motivated intel to shape up and make better stuff
once theyre dead..intel will just..not innovate
Now, Intel fans should want to support AMD to come out with a new competing processor to Intel's current offerings because it will only push innovation and keep prices low for both sides.
OT: perhaps if we take a closer look at the article it mentions increased revenue from 1Q 07... which means the Phenoms must be doing 'alright' (long-term view) and perhaps we may expect to see a somewhat stronger recovery from now on... as long as AMD is the underdog it will keep pushing hard to come up with new designs, and if its next design is any good, we should be back to where we should be
Let's just hope someone can do something with AMD. They absolutely cannot die for the sake of competition.
+1
Let's just hope someone can do something with AMD. They absolutely cannot die for the sake of competition.
+1
Intel& Apple, AMD& MS.
yep.
Step it up AMD. ATI certainly isn't helping you.
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