Sunday, January 13th 2008

Analysts Forecast Big Q4 Losses for AMD

Advanced Micro Devices Inc. will report fourth- quarter results next week with Wall Street projecting bigger losses at the struggling chip giant. Analysts expect AMD to report a loss of 36 cents on revenue of $1.79 billion, compared with a loss of 4 cents, on revenue of 1.77 billion in the year-ago period, according to Thomson Financial. The Sunnyvale, Calif.-based company has been struggling to become profitable over the past year as it faced stiffer competition from archrival Intel and grappled with the cost of a major acquisition. AMD reported a wider-than-expected third-quarter loss of $396 million in October, largely due to a $120 million charge for its merger with ATI Technologies in 2006. The company has also struggled with product roll-out delays and mounting operating costs that some analysts warned were not sustainable. Analyst also foretell that AMD could bounce back as a stronger competitor, especially with the graphics technologies it now has after the ATI acquisition. The company also got a boost recently from an Abu Dhabi firm, which invested $622 million in AMD. Executives vowed last month that AMD will be back on its feet in 2008, and that recent production missteps will not be repeated.
Source: CNN Money
Add your own comment

26 Comments on Analysts Forecast Big Q4 Losses for AMD

#26
imperialreign
TripriftJust they make alot more than the average Amd fanboi would like no miricles on the horizon.
sadly, though, the less revenue a company has, the smaller their budget, and the bigger their mistakes will be as all those necessary spending cuts pop up in unusual ways.

There may not be any "miracles" on the horizon . . . but AMD/ATI have a couple of beasts looming that look perched to slap the competition in a statement of "we aren't surrendering."
Posted on Reply
Add your own comment
May 18th, 2024 02:44 EDT change timezone

New Forum Posts

Popular Reviews

Controversial News Posts