AMD has posted its second-quarter results. Though AMD merely extended its losing streak by posting another quarterly loss, this fresh loss of $330 million is a touch less depressing compared to the $1.2 billion loss it posted for the same quarter last year. The company’s revenue in the second quarter stood at $1.18 billion. The chip maker is hopeful of a better showing in Q3 2009. This optimism is also shared by market analysts as they expect the PC market to show a strong upward trend in the next half.
So much for the $2.2 billion operating profit Sony predicted just three months ago. Perhaps the company was looking at the balance sheet upside down, because now Sony is expected to report a 100 billion yen (that's $1.1 billion in homegrown U.S. currency) loss for fiscal 2008 ending in March, says Nikkei business daily. And that's just the beginning. Nikkei says the loss could reach as high as $2 billion, and will depend on whether or not Sony is successful in cutting inventory in Q1 2009.
If Nikkei's prediction comes true, this will mark Sony's first loss in 14 years. But unlike the one-time charge the electronics took for its picture division over two decades ago, losses this time around can be attributed to less than expected sales of Sony brand flat-panel TVs and other electronics, particularly in the U.S. market.
Although ATI has been the lone source of promising news for it in recent times, AMD is ruing its 2006 acquisition of ATI. The chip manufacturer heavily overpaid for the ATI acquisition and now values the graphics chip maker at only $2.9 billion – it bought ATI for $5.4 billion.
Its announcement that it will take a $948 million charge drove its stock price to a 16-year low of $4.84 on Friday. It will officially report its Q2 loss of 51 cents per share on 17th July. It will be its 7th consecutive quarterly loss. Most analysts paint a dreary picture of AMD’s future but a few like CRT Capital Group’s Ashok Kumar remain sanguine about the company’s prospects. AMD will have to quickly turn a corner if it wants to survive.
Ladies and gentlemen, please remember to fasten your Laptops every time you leave home for the airport. A fresh survey by the Ponemon Institute has corroborated a pretty obvious observation, that tons of laptops are lost in the twisty terminals of airports. In fact, the number of laptops lost at U.S airports annually is a truly stupefying 637,000 – about 12,000 laptops a week, according to the survey that encompassed 106 U.S airports.
But despite all the important information that might rest in displaced hard drives, 65% of the hapless travellers who misplace their notebooks don’t report the loss (out of shame, perhaps?). And apparently it is considered ignominious to loose a laptop in corporate circles, as only 1% of those polled admitted to having lost their laptop compared to the 84% people who claim to "know someone" who has. The survey was conducted at Dell’s behest to coincide with the launch of its new Laptop tracking and theft prevention service, Dell Mobility.
Those of you who have lost a laptop – or laptops – can commiserate in the comments section. And those of you haven’t lost one can discuss effective ways to maintain your impeccable track record.