AMD 4Q loss widens on charge
472684
Struggling chip-maker Advanced Micro Devices Inc. said Thursday its fourth-quarter net loss widened, partly due to a huge goodwill impairment charge related to its $5.6 billion acquisition of graphics chip-maker ATI Technologies Inc.
373323
Advanced Micro Devices Inc. (AMD.N: Quote, Profile, Research) on Thursday reported a third-quarter profit compared with a loss a year-earlier, but sales fell from the second quarter
69084
Amid further delays of AMD&#39;s quad-core server chip and plans to write off goodwill from the acquisition of ATI, AMD executives are going to face tough questions when they meet financial analysts in New York Thursday.
58379
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.
483300
Citing continued weakness in the semiconductor test equipment industry, LTX Corp. widened its fiscal second-quarter loss estimate and lowered its revenue guidance. The Westwood company said it now expects to report a second-quarter loss of 31 to 33 cents a share, excluding charges, greater than a loss of 26 to 28 cents that it projected in November. The supplier of ...
390927
Chip maker Advanced Micro Devices Inc.  on Tuesday reported a quarterly loss from a year-earlier profit following a reduced forecast it gave last week.
69608
(InfoWorld) - CA continued to move toward a turnaround in its business with an uptick in its fourth-quarter revenue driven by software subscriptions and professional services. However, while revenue rose 7 percent toÂ more thanÂ $1 billion in the fourth quarter of fiscal 2007, CA reported a net loss of $20 million, due in part to $100 million in restructuring and other charges. Some $71 million of the charges were due to severance costs related to the cutting of 1,700 jobs, which CA first outlined in August. Still, the $20 million net loss wasn't as bad as the $41 million loss CA recorded in the fourth quarter of fiscal 2006. Discounting the charges, the software vendor recorded net income of $109 million for the quarter ended March 31, 2007, compared with $81 million in the year-ago quarter. EPS (earnings per share) were $0.20, up from $0.13 a year ago. A consensus estimate of Thomson Financial analysts had predicted that CA would report revenue of $1.01 billion on an EPS of $0.20. John Swainson, CA president and CEO, described the company's performance in the fourth quarter as "solid" with the vendor's attention still firmly fixed on restructuring and cost savings efforts. "Over the last 12 months, we have refreshed virtually all our major product lines," Swainson said in a release. CA is seeing increased demand for its systems management, business service optimization, and security management software, he added. Looking ahead, CA expects to report total revenue in fiscal 2008 of between $4.05 billion and $4.10 billion and EPS, excluding any likely charges, in the range of $0.94 to $0.98. Earlier this week, CA was finally able to lay to rest some of the vestiges of its troubled financial past when the company was known as Computer Associates International. CA announced Monday that it had met the terms of the DPA (deferred prosecution agreement) it entered into back in September 2004 and that the agreement had now expired. Consequently, U.S. District Court Judge I. Leo Glasser dismissed all pending charges against the company, which had stood accused of securities fraud and obstruction of justice for falsely recording software licensing revenue. "I am also very pleased that CA has successfully concluded the DPA," Swainson said in Wednesday's release. "As a result of the hard work of all CA employees, we are now a stronger company and are moving forward with a sense of vigor and enthusiasm to becoming one of the world's most successful software companies. CA entered into the DPA after several of the company's former executives, including the previous CEO Sanjay Kumar, were found to have falsely reported hundreds of millions of dollars in revenue before licensing agreements were finalized to bolster quarterly financial results. The practice was dubbed the "35-day month" and later caused the vendor to restate $2.2 billion in revenue. Judge Glasser sentenced Kumar to 12 years in prison in November and then in April ordered the former CEO to pay nearly $800 million in restitution to the victims of the securities fraud he perpetrated. However, that's not the end of the matter. A special committee at CA released a report in AprilÂ blaming cofounder and former Chairman Charles Wang for accounting fraudÂ and recommended suing Wang for damages and the value of the company stock he received.
281003
Advanced Micro Devices Inc  , the world's second-largest maker of computer  microprocessors, on Thursday posted a wider quarterly net loss  due to a $1.68 billion charge related to its purchase of  graphics chipmaker ATI.
219905
(InfoWorld) - Advanced Micro Devices (AMD) will miss its revenue goal for the first quarter of 2007 because the chip maker grew so fast that it couldn't keep up with demand from its customers, company CEO Hector Ruiz said Monday. The company is unlikely to meet its estimated revenue target of $1.6 billion to $1.7 billion for the quarter, the company said. For the same period last year, AMD brought in $1.33 billion, or $780 million excluding revenue from its Spansion memory products unit, which AMD spun off in an IPO (initial public offering) in December 2005. Although the company has gained market share for 10 consecutive quarters -- principally from rival Intel -- that trend is both good news and bad news, Ruiz told an audience of financial investors at the Morgan Stanley Technology Conference in San Francisco. "We went from being a player whose majority of sales were in the distribution channel as opposed to OEMs, to one that has changed in a very short time to having a majority of sales going to OEM buyers," he said in a reference to original equipment manufacturers. That transition happened probably faster than we had planned. A larger number of OEMs wanted our products faster than we were prepared to meet, so we were not able to feed the channel." Despite AMD's success in gaining market share, even Ruiz admitted that it may be too late to retain some disgruntled customers. "A channel partner needs a commitment for a 30- to 60-day supply of products. I couldn't give it to them, so they decided to get it somewhere else. We let down our channel partners by not being able to support them as much as they needed us. We need to get our distribution business back on track." Ruiz was contrite about the "glitch," but promised the company would quickly spring back by increasing production, particularly of its "Barcelona" quad-core Opteron chip due out in the second half of 2007. The chip will compete against Intel's "Clovertown" quad-core Xeon chip, which launched at the end of 2006. AMD has been aggressive in boosting its market share in the processor industry to nearly 25 percent and by acquiring graphics chip maker ATI in 2006. But investors have begun to grow wary since the company has not yet been able to turn those moves into profits. AMD posted a loss of $574 million in its fourth quarter, ended Dec. 31, 2006.
220157
Lobbing olive branch to Wall Street Sometimes, experts don't know what they're talking about. Just ask AMD, which over the past 12 months has had to endure second-guessing from financial analysts and industry pundits about slumping market share, a string of financial losses, and costly distribution and design gaffes.â¦
549666
The natural gas producer and pipeline operator said its fourth-quarter loss widened, hurt by a tax charge related to the sale of its stake in a pipeline.
329207
Loved and lost AMD's obsession with top server and PC makers has proved costly. The chip maker claims to have focused on so-called Tier 1 OEMs at the expense of its longtime channel partners and now blames declining channel sales for its expected first quarter revenue miss.â¦
542210
Credit Suisse First Boston maintained a &quot;neutral&quot; rating on Advanced Micro Devices (nyse: AMD - news - people ), saying third-quarter earnings fell below expectations but that fourth-quarter outlook appears surprisingly healthy.
644643
Shares take a beating after the chipmaker says fourth-quarter operating income will be "down significantly" from the preceding quarter.
319568
The company posted a wider-than-expected fourth-quarter loss, burdened by a 35 percent jump in its fuel bill.
303969
Satellite television provider DirecTV Group Inc. said Tuesday that charges for the revaluation of certain satellites led to a sharply widened third-quarter loss.
544672
Still carrying the weight of costs related to last year&#39;s&#160;acquisition of graphics vendor ATI, AMD recorded its fourth straight quarter of net losses Thursday.