AMD plans to reach profitability in 2008
554018
The world's No. 2 microprocessor maker, Advanced Micro Devices Inc. said it won't return to profitability until the second half of next year and delayed the full release of the product it says will enable its recovery.
243628
(InfoWorld) - Intel said its quarterly profit rose 44 percent over last year, reaching $1.3 billion as low selling prices for its microprocessors were offset by higher than expected unit shipments. The results came despite an ongoing price war as Intel and rival AMD struggle for larger shares of the processor market. Both companies have been cutting prices on their chips as they upgrade their products from standard chips to dual-core and quad-core processors. Intel is also in the final stages of a corporate reorganization that included the layoffs of thousands of workers in 2006, and at least 1,800 more layoffs planned for August. The company incurred restructuring charges of $82 million during the most recent quarter as it continued to adjust to the changes, Intel said on Tuesday. Despite those challenges, Intel earned $0.22 per share on revenue of $8.7 billion for the quarter ending June 30, beating Wall Street expectations that the company would earn $0.19 per share on revenue of $8.54 billion, according to analysts polled by Thomson Financial. Intel also beat its own mark from the second quarter of 2006, when it earned $0.15 per share on revenue of $8.01 billion.
596611
Blog: Bad: AMD lost $600 million this quarter. Good: Chip shipments surged.
690978
BusinessWeek Online - For 35 years, Advanced Micro Devices Inc.  stood in the shadow of archrival Intel Corp.  AMD churned out lower-priced clones of the tech leader's chips and occasionally enjoyed a hit that helped boost its meager profits. But bad times easily outweighed the good. Again and again, Intel used its manufacturing muscle and pricing power to stymie AMD's ambitions, preventing it from gaining a foothold in lucrative markets such as servers and corporate PCs.
713022
(InfoWorld) - As price competition takes its toll, AMD Thursday posted its third consecutive quarterly loss, saying that although revenue was relatively solid, it suffered a sharp second-quarter drop in income. Revenue for the quarter was $1.38 billion, an improvement from $1.22 billion a year earlier. But the company reported a net loss of $600 million, or a loss of $1.09 per share, a big drop from net income of $89 million, or $0.18 per share, a year earlier. A big part of the loss was due to restructuring costs and a $130 million, or $0.24 per share, charge related toÂ the acquisition of graphics-chip maker ATI last year. One piece of good news was that in the face of stiff price competition from Intel, AMD said its second quarter gross margin was 34 percent, excluding one-time charges, an improvement over its 31 percent margin in the first quarter of 2007. "We achieved a 12 percent sequential revenue increase, improved the gross margin, and won back microprocessor unit and revenue market share," said Robert J. Rivet, AMD's CFO, in a statement accompanying the company results. Looking ahead, AMD forecast that third-quarter revenue would increase in line with traditional seasonal growth rates. Though that does not point to a big increase in profit in the near future, traders reacted positively to the upbeat news on revenue and margins, driving up company shares by $0.32 to $15.78 in after-hours trading. Nevertheless, the second-quarter gross margin, for example, was still a far cry from AMD's 57 percent gross margin in the second quarter of 2006. Rivet acknowledged that to instill confidence in the company, "we must improve our financial results." AMD faces an uphill battle. After gaining ground, in terms of market share and technology, on Intel two years ago by coming out with dual-core processors, AMD suffered last year as Intel battled back with its own line of multicore chips. In the longer term, AMD is pinning its hopes to a great degree on its "Barcelona" quad-core Opteron server chip, due out in August. That chip will compete with Intel's dual-core "Woodcrest" and quad-core "Clovertown" Xeon processors launched last year. AMD also needs to stay on track and hit its 2009 goal to bring its new Fusion chip -- made with ATI technology -- to market.
222858
Advanced Micro Devices Inc.  AMD.N on Thursday reported a $44 million third-quarter profit  from a loss a year earlier, and predicted sales growth in the  current quarter because of better-than-expected demand for its  personal computers processors.
705842
Advanced Micro Devices Inc. (AMD.N: Quote, Profile, Research) on Thursday reported a $44 million third-quarter profit from a loss a year earlier, and predicted
465771
With stronger profits to report, Intel's looking forward to this week. Struggling AMD, on the other hand, will hope it goes by quickly.
158438
Microprocessor maker Advanced  Micro Devices Inc , coming off the heels of its biggest  chip launch in years last week, said on Monday it will sell a  chip with three electronic brains at the beginning of 2008.
469438
Intel is well-positioned for both mid-term and long-term growth.
397866
AMD&#39;s 64-bit processor line has carried the company from red to black ink in the third quarter. AMD today posted $1.2bn in revenue and income of $44m for the period.
705933
Sun Microsystems Inc. is on track to meet its financial targets for the 2008 and 2009 fiscal years, fueled by strong sales growth in emerging markets and a shift toward more expensive server and storage setups, the company's chief financial officer said Tuesday.
750115
Looking ahead, AMD forecast that third-quarter revenue would increase in line with traditional seasonal growth rates.
352710
IDC on Wednesday painted an optimistic outlook for Linux over the next few years, predicting that overall revenue for desktops, servers, and Linux-compatible packaged software will reach $35 billion by 2008.
239333
Semiconductor maker Advanced  Micro Devices Inc. AMD.N warned on Monday that its quarterly  revenue will be lower than forecast, citing softness in sales  of its memory chips used in cell phones and other devices. The  company's shares fell after the warning.
746370
It makes business sense for AMD to do so and there still a healthy market for ATI products paired with Intel processors, AMD's chief technology officer said.
674841
The quad-core server chip won't appear until later this year, but AMD's trying to show potential customers the chips are up and running.