Monday, September 26, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Disney Working On Potential Twitter Bid: report
World's Largest Music Strem Ripping Site Faces Legal Action
Renault-Nissan and Microsoft Partner to Deliver Connected Car Technologies
Adobe and Microsoft Partner in the Azure Cloud
Roku Launches The Smallest Set-Top Box Ever
HERE To Offer Live Traffic Services Based On Data Gathered by Other Cars
JDI Develops 12.3-inch Curved LCD for Automotive Applications
Snapchat Introduces 'Spectacles' Camera-equipped Glasses, Changes Company name To Snap
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
Mainstream Gaming PCs Powered by 7th Generation AMD A-Series Processors Debut
AMD Enters New Wafer Supply Agreement With GLOBALFOUNDRIES
AMD Increased GPU Market Share in Q2 2016
AMD Says Zen Procedssors Are Close, Outlines New Features
AMD Downgrades ARM Strategy For Servers
AMD Radeon RX 470 And RX 460 Are Shipping in Early August
AMD Radeon Pro Solid State Graphics Combines Polaris GPU With SSD Flash Memory
Latest AMD Radeon Software Fixes PCI-e Power Draw Issues
AMD Launches the VR-ready Radeon RX 480 Graphics Card
Nvidia To Position The GTX 1060 Against New Radeon RX 480
AMD Zen Chipset Rumored To Have USB 3.1 Design Issue
AMD To Release Polaris 10 And Polaris 11 GPUs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .