AMD reports third quarter results

primesuspectprimesuspect Beepin n' BoopinDetroit, MI Icrontian
edited October 2007 in Science & Tech
Today AMD reported $1.6B revenue for the third quarter, an 18% increase over Q2, although operating loss was at a cringe-worthy $226M, $120M of which was "acquisition related" (integration, severance of former contracts, etc. It's not easy acquiring a gigantic graphics company).

Things look shaky from the outside right now, but AMD remains optimistic. CFO Robert J. Rivet said,

<blockquote>"“We are encouraged by the progress we made in our third quarter financial results. We delivered a strong revenue increase, gained 8 percentage points of gross margin and reduced our operating loss by more than half."</blockquote>


Part of a larger strategy? Their ATI division is doing increasingly well, adoption rates on the HD2000 series of cards is picking up steam, and AMD continues to excel in the datacenter, despite the massive exodus to Intel on the enthusiast and OEM desktop.

If Phenom makes an interesting show and ATI pulls something amazing out of their sleeves, AMD <em>could</em> make another "Athlon-era" comeback.

The beauty? The consumer always wins. I like having the choice, that's for sure.

Comments

  • GHoosdumGHoosdum Icrontian
    edited October 2007
    I'm still down ten bucks a share on my AMD stock since I purchased it. Damn me for thinking that they'd come out with something to compete with Intel Core within a reasonable time frame, and that the ATI purchase wouldn't spook investors. :(
  • QeldromaQeldroma Arid ZoneAh Member
    edited October 2007
    GHoosdum wrote:
    I'm still down ten bucks a share on my AMD stock since I purchased it. Damn me for thinking that they'd come out with something to compete with Intel Core within a reasonable time frame, and that the ATI purchase wouldn't spook investors. :(

    There's an old axiom about dealing with stock: You haven't won, lost or cut a thing ... until you sell.

    Barcelona may not be a runaway winner, but it's holding it's own right now. I think the ATI end is close enough to be in the thick of it again soon too. (However, my next video card is going to be much more about saving me watts than giving me more fps- is anyone out there willing to suck up some cash and figure that out?)
  • LeonardoLeonardo Wake up and smell the glaciers Eagle River, Alaska Icrontian
    edited October 2007
    There's an old axiom about dealing with stock: You haven't won, lost or cut a thing ... until you sell.
    Yeah, there's another one to: If you don't diversify, it's simply a crap shoot.
Sign In or Register to comment.