AMD Reports Third Quarter Net Loss of $118 Million
AMD Reports Third Quarter Net Loss of $118 Million
Posted 10/15/2010 at 5:26am
| by Paul Lilly
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AMD would never admit it, but the world's No. 2 chip maker would probably love to trade places with Intel (most corporations would). While Intel just finished posting its first ever $11 billion quarter, AMD just announced revenue of $1.62 billion for the third quarter of 2010. That includes a net loss of $118 million, or $0.17 per share.
"AMD's third quarter performance was highlighted by solid gross margin and a continued focus on profitability, despite weaker than expected consumer demand," said Dirk Meyer, AMD president and CEO. "Our strategy to deliver platforms with superior visual experiences continues to resonate. We look forward to building on the momentum when we begin shipping our first AMD Fusion Accelerated Processor units later this quarter."
Despite weaker than expected demand, AMD's graphic business for the quarter showed a 33 percent improvement over the same quarter one year ago.
Read the full report here.
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stradric
October 15, 2010 at 6:49am
Someone explain to me how this company stays in business after posting loss after loss after loss. I'm an AMD fan, and I want them to stay in business but I just don't get how they manage to. I'm no business major obviously...
misha573
October 15, 2010 at 10:34am
Pretty much the same way a country can continue running with budgetary deficits year after year?
carage
October 15, 2010 at 8:58am
It's called Anti-trust, if Intel lets AMD rollover and die, Intel will be in some serious legal trouble.
So thanks to Intel's 1.2 billion cash injection, AMD can survive longer.
At least long enough until they come up with something else they could whine in court or to the FTC.
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