Printed from http://www.electronista.com

Intel settlement pushes AMD into 4Q profitability

updated 06:45 pm EST, Thu January 21, 2010

Gain follows consistent losses for several years

AMD has finally posted a profit after several years of consistent losses, with revenues of $1.65 billion in the fourth quarter of 2009 and a net income of $1.18 billion. The company would have reported yet another loss if it had not landed a $1.25 billion settlement payment from an antitrust dispute with the chip maker's rival Intel.

The company was able to achieve a 14 percent gain in microprocessor revenues compared to the third quarter of 2009, while revenue from graphics component was up by 40 percent.

"We enter 2010 having completed the transition to a fabless business model, reached a historic antitrust settlement, and made significant progress strengthening our balance sheet," said AMD CEO Dirk Meyer.

Intel also reported impressive gains for the last quarter in 2009, with revenues up by 28 percent to reach $10.6 billion. Even with the AMD payout, Intel still reported a net profit of $2.3 billion.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News