DV Hardware bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
DarkVision Hardware - Daily tech news
October 27, 2016 
Main Menu
News archives

Who's Online
There are currently 77 people online.


Latest Reviews
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller
ZOWIE G-TF Rough mousepad
ROCCAT Isku FX gaming keyboard
Prolimatech Magnetic Pin

Follow us

AMD expected to report large fourth-quarter loss

Posted on Friday, January 16 2009 @ 00:05:35 CET by

Analysts polled by FactSet Research expect AMD will report another big loss when it reports its fourth quarter financial results next week. The analysts estimate AMD will report a loss of 54 cents a share, or roughly $328.6 million, on a revenue of $1.24 billion.

These expectations are a far cry from the return to profitability in the second half of 2008 former AMD CEO Hector Ruiz promised in 2007, but the company has had a really hard time and the economic crisis hasn't done it any good either.
"We don't expect a recovery in microprocessor demand near-term, resulting in a 24% decline in AMD's 2009 revenue and March period sales falling short of consensus," analyst John Dryden of Charter Equity Research wrote in a research note.

The Sunnyvale, Calif.-based company is struggling with broader economic issues as it goes through a major transformation, highlighted by the plan to spin off its manufacturing facilities in a strategy dubbed "asset light."

AMD is in the process of creating a new manufacturing firm, called the Foundry Company, in a joint venture with the Advanced Technology Investment Co. of Abu Dhabi and the Mubadala Development Co. Analysts say the plan could help ease AMD's financial burdens.

"The asset-light restructuring can't come soon enough to improve the balance sheet (debt reduction, cash infusion), reduce headcount to support lower PC demand and provide a return to operating profitability in 2010," Dryden said. "We believe market conditions have sufficiently deteriorated since the company's analyst meeting in November."
Source: MarketWatch



DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2016 DM Media Group bvba