Monday, January 16, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Raspberry Compute Module 3 Launched
SpaceX Sends Satellites into Orbit
LG Touts Safety Features OF G6 Smartphone
Nintendo Switch Coming In March For $299
YouTube Super Chat Lets You Pay to Pin comments On Live Streams
Samsung Adds New Capabilities And Categories To Their Mobile Alliance Program
Your Next Smartphone Could Use Carbon-based NRAM Memory, Says Report
LG's Gram laptop sets Guinness Record
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > AMD pos...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, April 14, 2005
AMD posts first-quarter loss, but better than expected sales


AMD posted a first-quarter loss Wednesday amid continuing soft demand for flash memory used in cell phones. But microprocessor sales set a company record.

AMD also said its flash memory subsidiary, Spansion LLC, has filed paperwork for an initial public offering, though it did not specify the date or the price of the stock. The division is 60 percent owned by AMD, with the remainder held by Fujitsu.

For the period ended March 27, AMD lost $17.4 million, or 4 cents per share, compared with a profit of $45.1 million, or 12 cents per share, in the same period last year. Sales fell less than 1 percent, to $1.23 billion from $1.24 billion.

Analysts were expecting the Sunnyvale, California-based company to earn 2 cents per share on sales of $1.21 billion, according to a survey by Thomson First Call.

"Our microprocessor business delivered record sales in what is typically a seasonally down quarter, driven by increased sales across all product categories," said Robert J. Rivet, AMD's chief financial officer.

Though much smaller than Intel Corp., AMD was the first to market with a line of processors that are compatible with applications that ran on previous generations of processors and capable of handling much more memory than most of today's chips. AMD launched its 64-bit Opteron chips in 2003; Intel caught up earlier this year.

Today, Intel and AMD are in a tight race to formally launch the first microprocessors that feature two computing engines on a single chip instead of just one. AMD is expected to target servers at first while Intel is going after desktops and laptops.

The companies also compete in flash memory used to store information in cell phones. Both have described the market as weak, but AMD is taking a bigger hit because flash chips make up a much greater percentage of sales than they do at Intel.

In a statement Wednesday, Rivet said the flash market continued "to experience industrywide oversupply and strong pricing pressure."

"We experienced a rise in unit shipments, but our average selling price declined significantly, resulting in weaker than expected sales," he said.


Previous
Next
Toshiba to use Intel 854 chipset in HD-DVD player        All News        ULi unveils first TGi Chipset
Intel Reveals Plans For New Notebook Platform Tailored For Chinese University Students     PC Parts News      ULi unveils first TGi Chipset

Get RSS feed Easy Print E-Mail this Message

Related News
AMD Outlines New Vega Graphics Architecture
AMD Showcases PCs and AM4 Motherboards Ready for Ryzen
AMD Radeon FreeSync 2 Technology Brings High Dynamic Range Gaming to PC Displays
New Ryzen CPU Could Give AMD A Better Market Share In 2Q17
AMD Ryzen Processors Detailed; They Are Smart And Powerful
AMD Announces Radeon Instinct GPU Accelerators for Deep Learning
Radeon Software Crimson ReLive Edition Brings Support For Chill, Along With New Features
Could Future Intel Chips Have AMD Graphics Inside?
Free Game Bundles For GeForce and Radeon Graphics Cards
Nvidia Was The Sole GPU Maker That Increased Its GPU Shipments In Q3 2016
AMD Radeon Open Compute Platform 1.3 Released At SC2016
New AMD Radeon Pro WX Series Graphics Cards Now Available

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .