AMD's $1.16 billion quarterly revenue wasn't enough to turn a profit
It's a tough time to be a chip maker without a significant foothold in the mobile handheld market. Witness Advanced Micro Devices (AMD), which recently announced $1.16 billion in revenue for the its second quarter of fiscal 2013, an operating loss of $29 million, and a net loss of $74 million, or $0.10 cents per share. Even though the numbers aren't where AMD would like them to be, the Sunnyvale chip designer is optimistic it will return to profitability next quarter.
Slumping PC sales didn't stop Lenovo from shipping 14.1 million computers last quarter.
Have you heard the one about the post-PC era? Of course you have, probably a thousand times by now because of all the attention being paid to tablets and smartphones, and the uncertainty surrounding Microsoft's touch-friendly Windows 8 platform. But don't believe anyone who tells you the sky is falling -- including Apple CEO Tim Cook, who justified the launch of a $799 128GB iPad by saying people would rather play on his tablet "than their old "PCs" -- because Lenovo is proving there's still a significant market for computers.
OCZ Technology recently appointed a new chief to address a credibility problem and save what looked like a sinking ship, and in order to that, company CEO Ralph Schmitt has had to make some tough, "aggressive" decisions. Among them is the reduction of 28 percent of OCZ's global workforce and a discontinuation of 150 product variations, both of which were described as "initial steps to make its business more efficient and profitable."
HTC continues to struggle to find a way to flip the kind of profits it did during the company's heyday, back when it was moving handsets like gangbusters and practically had a license to print money. But the times, they are a-changin' and the HTC of old is having trouble competing in this new landscape dominated by Apple and Samsung, the latter of which has picked up the Android torch that HTC helped ignite. Ginormous profit dips are the norm for HTC these days, which today posted a record 79 percent drop in quarterly profit.
Apple late Tuesday announced financial results for its fiscal 2012 third quarter ended June 30, 2012, and the numbers are nothing short of obscene. All those iDevices, app sales, and other products and services combined to rake in an $8.8 billion profit on quarterly revenue of $35 billion, compared to $7.3 billion profit on $28.6 billion in revenue during the same quarter one year ago. Nonetheless, analysts collectively shrugged their shoulders and said, 'Meh, it could have been better.'
Digg, at one time a superstar of the social news scene, has sold itself to Betanews for a rather paltry $500,000. That's not chump change, to be sure, but when sites and services like Instagram are trading hands for a billion dollars, well, half a million doesn't seem like much. It's a drop in the bucket compared to what Digg could have sold for just a few short years ago, before it was shoved aside by the likes of Facebook and Twitter in their rise to news sharing relevance.
Scanning AMD's financial report for the first quarter of 2012, you would think the Sunnyvale chip maker is in big trouble. Revenue was $1.59 billion, a nice number if not for the fact that it represents a net loss of $590 million, or $0.80 cents per share, along with an operating loss of $580 million. That's a 6 percent sequential decrease and a 2 percent decrease year-over-year. Non-GAAP earnings were $0.12 a share. So why wouldn't investors want to hit the panic button?
We know Apple news isn’t the most popular thing in the world around here, but when a tech company claims it will be announcing its plans for their $100 billion war chest in a conference call on Monday morning, we can’t help but be somewhat interested.
Firefox is in big trouble, there’s no point trying to sugarcoat the truth here folks. In addition to slipping from 25% to 22% in the most recent market share results, we are now also hearing word that the search partnership with Google which made up over 84% of the company’s revenues is about to expire, and may not be renewed. The Google deal according to Mozilla’s financial statements was set to expire at the end of November, and so far nobody at the company has confirmed any extensions.
I was minding my own business, happily writing a novel, not thinking beyond the needs of the story, when the following sentence suddenly occurred: “The Baby Cooper Dollar Bill, for example, was only fifty years old….”
I stared at the sentence for 15 seconds. I knew what it meant. The entire anecdote had flashed into my head simultaneous with the creation of that first ominous sentence. I typed, “The short version:” and began. 1741 words later, I had the longest paragraph I’d ever written.
And one of the most terrifying predictions I have ever written: