Printed from http://www.electronista.com

AMD posts $590 million loss, still confident

updated 06:35 pm EDT, Thu April 19, 2012

Semiconductor maker optimistic despite big loss

AMD today announced revenues for the first quarter of 2012, and the semiconductor maker posted a sizable net loss. Despite a net loss of $590 million dollars, AMD representatives expressed optimism about the company's future performance.

For the quarter, AMD posted revenues of $1.59 billion. Income for the company's Computing Solutions segment was flat year-over-year, but fell eight percent from the previous quarter. AMD's Graphics segment, which handles its Radeon hardware, saw revenues that were flat sequentially but down seven percent year-over year.

Despite the quarterly loss, AMD president and CEO Rory Read touted the company's focus on execution and innovation as cause for optimism, citing forthcoming new APU (Fusion chip_ offerings and ample product supply due to improved relationships with manufacturing partners as key motivators in the future. AMD's Trinity-series chips promise improved gaming performance and battery life and are expected to reach 20 ultrabook units by years end. AMD also cited partnerships with Dell, Tyan, MSI, and Canadian telecom Telus as bright points in its report.

In November of last year, AMD said it was cutting 10 percent of its workforce in order to recoup $128 million from Fall 2011 through 2012. AMD still trails its chief rival Intel, though its roadmap for 2012 and 2013 lays out an aggressive strategy to get its low-power use processors into an array of ultrathin notebooks, tablets, all-in-ones, desktops, and servers.



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

Tablo DVR

With over-the-top content options growing past Hulu and Netflix, consumers may be finding it harder to justify paying a monthly fee fo ...

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Sponsor

toggle

Most Commented

 
toggle

Popular News