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AMD expects to hit profitability in 2010

Posted on Thursday, November 12 2009 @ 20:44:12 CET by


AMD had a meeting with analysts and investors yesterday and announced the company expects key business to be profitable in 2010. You can read about it over at Reuters, but as the article was published yesterday it doesn't take the $1.25 billion that AMD will receive from Intel into account. This settlement should go a long way towards helping AMD to get its balance sheet in better shape.
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."



 



 

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