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eewiz
AMD havent even taken a shot at the mobile market! Their current strategy is to ...
przemek
I always liked AMD so I wish them well. I am looking forward to being able to ...
AMD claims progress on turnaround
Dylan McGrath
1/23/2013 12:01 AM EST
By the numbers
AMD (Sunnyvale, Calif.) reported fourth quarter sales of $1.16 billion, down 9 percent from the previous quarter and down 32 percent from the fourth quarter of 2011. AMD reported a net loss of $473 million, or 63 cents per share, wider than net losses of $157 million and $177 million in the previous and year-ago quarters, respectively.
On a pro forma basis, excluding charges associated with the termination of AMD's wafer supply agreement with Globalfoundries and restructuring charges, AMD reported a net loss of $102 million, or 14 cents per share.
AMD's fourth quarter sales were in line with consensus analysts' expectations, according to Yahoo Finance. The company's pro forma net loss was smaller than analysts expected.
Read said AMD enjoyed significant growth in sales of SeaMicro dense servers in the fourth quarter, driven by large-scale cloud data center wins. SeaMicro solutions are being deployed and evaluated by a broad variety of marquee customers, he said. AMD bought SeaMicro last year for $334 million.
Read also highlighted AMD's recent design wins at a new customer, Vizio, which he said were based on the graphics performance and long battery life of AMD's accelerated processing units (APUs), which combine graphics and microprocessing capability. The first Vizio products featuring AMD APUs will be two touch-based ultrathin notebook PCs and one tablet, he said.
For all of 2012, AMD reported sales of $5.42 billion, down 17 percent from 2011. The company reported a net loss of $1.12 billion, or $1.60 per share, compared with a net income of $491 million in 2011.
For the first quarter of this year, AMD expects sales to decline 6 to 12 percent sequentially to between $1.02 billion and $1.09 billion. AMD's first quarter forecast was below consensus analysts' expectations of $1.11 billion, according to Yahoo Finance.
Related stories:
AMD (Sunnyvale, Calif.) reported fourth quarter sales of $1.16 billion, down 9 percent from the previous quarter and down 32 percent from the fourth quarter of 2011. AMD reported a net loss of $473 million, or 63 cents per share, wider than net losses of $157 million and $177 million in the previous and year-ago quarters, respectively.
On a pro forma basis, excluding charges associated with the termination of AMD's wafer supply agreement with Globalfoundries and restructuring charges, AMD reported a net loss of $102 million, or 14 cents per share.
AMD's fourth quarter sales were in line with consensus analysts' expectations, according to Yahoo Finance. The company's pro forma net loss was smaller than analysts expected.
Read said AMD enjoyed significant growth in sales of SeaMicro dense servers in the fourth quarter, driven by large-scale cloud data center wins. SeaMicro solutions are being deployed and evaluated by a broad variety of marquee customers, he said. AMD bought SeaMicro last year for $334 million.
Read also highlighted AMD's recent design wins at a new customer, Vizio, which he said were based on the graphics performance and long battery life of AMD's accelerated processing units (APUs), which combine graphics and microprocessing capability. The first Vizio products featuring AMD APUs will be two touch-based ultrathin notebook PCs and one tablet, he said.
For all of 2012, AMD reported sales of $5.42 billion, down 17 percent from 2011. The company reported a net loss of $1.12 billion, or $1.60 per share, compared with a net income of $491 million in 2011.
For the first quarter of this year, AMD expects sales to decline 6 to 12 percent sequentially to between $1.02 billion and $1.09 billion. AMD's first quarter forecast was below consensus analysts' expectations of $1.11 billion, according to Yahoo Finance.
Related stories:
- AMD's new mojo: Betting big and doubling down
- AMD recasts foundry deal to save cash
- Custom cores in the cards for AMD, ARM?
- The x86 is dead. Long live the x86
- London Calling: ARM riding shotgun for AMD?
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dylan.mcgrath
1/24/2013 1:57 AM EST
The numbers don't look so good. But is AMD on the comeback trail?
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przemek
1/24/2013 3:42 PM EST
I always liked AMD so I wish them well. I am looking forward to being able to buy their embedded/low power products, similarly to how one can buy a SoC-based ARM solution or an Intel Atom and VIA motherboard. I wonder if they'll make boards themselves or have someone else do it, especially considering that Intel just announced that they'll stop making boards.
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eewiz
1/25/2013 12:42 PM EST
AMD havent even taken a shot at the mobile market! Their current strategy is to reduce the cost anyhow..layoff people, ditch fab.. will work for a while, But without new products I am not sure If AMD can survive for long..
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