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#1 |
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AMD Reports First Quarter Net Loss of $358 Million
AMD today reported first quarter 2008 revenue of $1.505 billion, 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. First quarter revenue decreased 15 percent compared to the fourth quarter of 2007 and increased 22 percent compared to the first quarter of 2007. In the fourth quarter of 2007, AMD reported revenue of $1.770 billion, a net loss of $1.772 billion, and an operating loss of $1.678 billion. In the first quarter of 2007, AMD reported revenue of $1.233 billion, a net loss $611 million, and an operating loss of $504 million.
![]() “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. However, we are encouraged by the market acceptance of our Quad-Core AMD Opteron server processors as well as our new chipset and graphics offerings,” 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.” First quarter 2008 gross margin was 42 percent compared to 44 percent in the fourth quarter of 2007 and 28 percent in the first quarter of 2007. The decrease from the prior quarter was primarily due to decreased microprocessor unit shipments. ![]() Current Outlook AMD’s outlook statements are based on current expectations. The following statements are forward looking, and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement” below. In the seasonally down second quarter, AMD expects revenue to decrease in line with seasonality. As previously disclosed, AMD expects to record a restructuring charge in the second quarter of 2008. Additional Quarterly Highlights
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#2 |
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So AMD is working them selves out of the black abyss of chapter 11 but barley they better keep turning things around and cut operating costs. i like the new ati/amd cards but till i see a better processor im sticking with intel
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#3 |
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Ouch is all I can say...
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#4 |
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Work harder Amd since the c2d's have come out uve been lagging behind by a mile.
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#5 |
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We (that includes even the biggest Nvidia fanboy) should be praying that AMD/ATI stay in the market because if they go NVidia will have free reign to do whatever they want with hardware prices, development and invasion will also slow down dramatically seeing as though there will be no competition.
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#6 | |
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#7 | |
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#8 |
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#9 |
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well if they do start to go under, Intel and/or nVidia might pull a Microsoft (has stocks in Apple) and buy some of their stocks so that they will not become a monopolistic company. EU and US's anti-trust laws are something for both companies to fear.
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#10 | |
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"AMD also formed a strategic partnership with IBM, under which AMD gained silicon on insulator (SOI) manufacturing technology, and detailed advice on 90 nm implementation, the partnership was announced by AMD to be extended to 2011 for 32 nm and 22 nm fabrication related technologies." http://en.wikipedia.org/wiki/AMD#Partnerships |
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#11 |
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all i see is loss and loss.... they need more arab sheikhs for capital infusion otherwise i don't see the light at the end of the tunnel only a black hole and this is sucking all amd in.
even so i'll buy amd; next week i have a brand new x2 4200 s939 (100USD!!!!!) and is enough for a while again
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#12 |
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Still not as bad as it could be. I think they are doing fine with what they got but I feel these 45 nm quads will really be something special.
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#13 |
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would BE AWESOME if INTEL bought out AMD. Since NVid is joinig the CPU game, there'll be some GOOD competition!
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#14 |
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![]() No but seriously, we're all doomed |
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#15 |
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if amd dies nvidia wil take there place... or via or ibm or another cpu company
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#16 | |
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#17 | |
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#18 | |
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#19 |
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I've heard their true-quads are going over quite well in the business market, I wonder how they'll hold up on the mass consumer end.
Even still though, as much as this news seems abyssmal for AMD, it still looks to me like they're stabilizing themselves and paying off any debt's they may owe. This year, IMO, will be a rough and rocky road for them, but I see next year as them starting to pick back up quite well. If it does go all to hell, though, I at least hope the cut ATI free or consolodate the AMD/ATI into ATI and continue along the graphics course. AMD's technology would continue to proven heaven-sent for the graphics division.
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#20 |
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I don't think that AMD is going to be going under. If there was say 3 different type chip makers out there for us, then AMD would be sold to ether of the two. But, since there is still only 2 chip makers, and 2 GPU makers, then I think AMD/ATI will be around for longer then we expect.. This isn't from a fanboi person, but from a person that would like to see everyone do good!
Like Thoughtdisorder said, if the true quads can do good, then everything will be peachy... IMO
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#21 |
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I truly don't think they'll go under either - not considering how much branching out AMD has done over the last 6 months.
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#22 | |
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Gamers are all fanboi's, but they blow with the wind because they want the best, not a brand name. Intel : Core 2 Quad 3.0 Ghz for $1000 Gamer : Intel Rocks, Intel Rocks. AMD : Try this 8 core 8.0GHz CPU for $400 that Intel can't touch. Gamer : AMD Rocks, AMD Rocks. Intel : Core 2, 32 Cores at 16GHz for $1000 that is brand new. Gamer : Intel Rocks, Intel Rocks. Enough said.
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#23 |
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Good too see theres alot of amd optimists around.
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#24 |
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