It said that business should remain profitable in 2010, while margins would run between 40 percent and 45 percent, with the expectation of higher margins down the road.
In October the company reported a net loss of $128 million for the third quarter on revenue of $1.4 billion.
"We're going to turn into a cash flow generating machine," said Chief Executive Dirk Meyer after discussing some of the company's upcoming chip designs. "I can already hear the cash registers starting to ring, which is wonderful."
AMD expects to hit profitability in 2010
Posted on Thursday, November 12 2009 @ 20:44 CET by Thomas De Maesschalck