AMD posts profit over loss in Q3
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Reported profit of $44 million for third quarter over a loss of $31 million a year ago and predicts 10% increase in sales for the 4th quarter.
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(InfoWorld) - Dell Inc. Tuesday pointed to its adoption of processors from Advanced Micro Devices Inc. (AMD) for pushing it to US$677 million in profit for the third quarter, though the company has delayed reporting final numbers due to an accounting investigation by the U.S. Securities and Exchange Commission (SEC). Dell's preliminary results mark anÂ improvement over the third quarter last year, when it reported $13.91 billion in revenue and a profit of $606 million. Dell reported revenue of $14.38 billion for the quarter, which ended Nov. 3, 2006. Dell did not offer an official comparison to the year-earlier figures, however. Dell reported earnings of $0.30 per share for the third quarter in 2006, beating the estimates of analysts who had expected Dell to earn $0.24 per share on revenue of $14.44 billion, according to a survey by Thomson Financial. The company was scheduled to report its earnings last Thursday, but delayed the move because it was trying to cooperate with investigations by the SEC and the U.S. Attorney for the Southern District of New York. Company leaders had cited the same reason after they missed a deadline for notifying the SEC of their second quarter earnings. They have still not filed that report, called a Form 10-Q. Company executives were not available to comment on the results. The company filed the numbers in a press release only, skipping the traditional conference call with reporters and analysts. Dell pointed to its success in selling computers powered by AMD processors for its impressive numbers. After missing its earnings target for the first quarter, Dell said in May it would finally diversify from selling computers with chips from Intel Corp. Still, Dell is having a rocky year. In June, Chief Executive Kevin Rollins promised to rebound from weak earnings by investing $100 million in customer service and by using fewer rebates in setting PC prices. But in August, Dell was forced to recall 4.1 million defective laptop batteries. Next, Dell acknowledged it was under investigation by the SEC, and, last week, lost its status as world's largest PC vendor to rival Hewlett-Packard Co.(HP). HP turned up the pressure last week when it reported net income of $1.7 billion for the fourth quarter, more than four times its mark for that period last year. Â
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Wireless chip developer Qualcomm Inc.   on Wednesday reported a 15 percent rise in  third-quarter net profit, but shares fell more than 7 percent  after it forecast fourth-quarter revenue lower than some  analysts' estimates.
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SAN FRANCISCO - Advanced Micro Devices Inc. reported a third-quarter profit from a loss a year-earlier on today, but sales fell from the second quarter in line with the chip maker&#39;s recently reduced outlook.
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German semi-conductor giant Infineon posted its first annual profit in three years, but issued a downbeat outlook for the months to come.
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Blog: Bad: AMD lost $600 million this quarter. Good: Chip shipments surged.
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The electronics retailer said it swung to a third-quarter profit, overcoming lower revenue by cutting costs and selling more high-margin items.
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update Gateway on Thursday posted a narrower third-quarter loss, helped by cost cuts and an increase in PC unit shipments, that could allow it to climb ever closer to turning a profit.
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Video-game software publisher Electronic Arts Inc. said Thursday it swung to a loss in the third quarter, hurt in part by the way it accounts for online-enabled games, but adjusted earnings met Wall Street's expectations.
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Advanced Micro Devices on Thursday reported a heavy loss for its fourth quarter, due mostly to charges connected to its acquisition of graphics chip maker ATI.
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Micron Technology Inc., the No. 3 computer memory chip maker, on Wednesday reported a quarterly profit on stronger pricing, reversing a year-earlier loss.
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AMD reported a heavy loss for its fourth quarter on Thursday, due mostly to charges connected to its acquisition of graphics chip maker ATI.
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Advanced Micro Devices inched closer to profitability despite posting a huge loss as it struggled to absorb the huge cost of its acquisition of ATI Technologies.
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The company Friday said it expected to post a profit in the third quarter, thanks to Improved pricing and product mix and higher unit volume, reversing a year-ago loss.
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Advanced Micro Devices  (AMD), the world's second-largest maker of computer microprocessors, posted a wider quarterly loss on Thursday due to a $1.68 billion charge from its purchase of graphics chipmaker ATI.
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Micron Technology Inc., the No. 3  computer memory chip maker, on Wednesday reported a quarterly  profit on stronger pricing, reversing a year-earlier loss.
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After loss last year, business software company Siebel Systems Inc. turned to a profit in its third quarter , helped by smaller restructuring expenses.