AMD has been struggling for years now with profitability and competing with rival chipmakers. The world's second largest chipmaker has seen hard times and things still aren't looking up for the company.
AMD has posted its Q4 2008 and fiscal 2008 earnings reports, and things don’t look good. For Q4 2008 AMD reports revenue from continued operations was $1.162 billion. While that sounds like a lot of revenue, the number is down 35 percent from Q3 2008 and down 33 percent from Q4 2007.
The chipmaker reported a net loss of $1.424 billion for the quarter or $2.34 per share. The loss for continuing operations for the quarter was $1.414 billion. Q4 2008 revenue was down 28 percent sequentially with Q3 process technology license revenue of $191 million excluded.
AMD reports that for its fiscal 2008 year ending on December 27, 2008 it produced revenue of $5.808 billion and posted a massive net loss of $3.098 billion. The end of fiscal 2008 marks the second straight year where AMD posted a net loss in excess of $3 billion. The net loss in fiscal 2007 totaled $3.379 billion.
The chipmaker notes that the results for its continuing operations include a negative impact of $996 million resulting from the write-down of ATIs value, formation of The Foundry Company, restructuring charges and other items.
AMD President and CEO Dirk Meyer said in a statement, "Although industry visibility is poor, our priorities remain clear and achievable. We remain focused on further reducing our breakeven point through targeted restructuring actions while ensuring we execute our highly-competitive product and technology roadmaps. We made significant progress toward the creation of ‘The Foundry Company’ in the quarter, and anticipate closing the transaction in February. We expect our ongoing restructuring actions and asset smart strategy, combined with the strength of our innovative product offerings, will leave us well positioned for a global market recovery."
AMD's main rival, Intel, announced yesterday that it would close some of its fabrication plants and consolidate manufacturing to improve its financial outlook.
quote: Here we go again... /eyeroll
quote: you, good sir, are a douche.
quote: ATI/AMD just aren't up to snuff with their competitors.
quote: nd the phenom II overclocks just as well if not better than the Core 2 quad, and are as fast/faster than the same core 2 quad.
quote: Well the Intel "fan boys" better hope for a competitive AMD or they will be paying more for their royalties.
quote: No "enthusiast" should have the same computer setup for 3 years!
quote: What are you smoking? The phenom II is every bit the chip that the Core 2 Quad is, and it overclocks just as well!
quote: Uh, read this page.
quote: We actually hit 4GHz but needed 1.58V to do it. This resulted in a few crashes due to temperatures, but we also noticed our particular CPU sample just was not stable at 4GHz+ even with additional voltages and cooling. The results for the two Intel processors are simply superb in this particular test
quote: Have you thought that the Anandtech sample was a bad one, rather than it being typical?
quote: I am not saying that the Phenom 2 can currently BEAT the Intel processors
quote: I am not saying that the Phenom 2 can currently BEAT the Intel processors, but considering this is still early in the life cycle of the Phenom 2, there is good reason to expect good things to come in the next three months.
quote: Compare that to needing a new motherboard for every generation of Intel processor , even when the socket was the same, and AMD DOES have a bit of an advantage when it comes to cost of ownership.
quote: What are you smoking? The phenom II is every bit the chip that the Core 2 Quad is, and it overclocks just as well! The Radoen 4xxx series beats the chit out of everything NVIDIA has. Drivers are better for ATi.... Where do you get the idea that AMD/ATi is worse than their competitors? Take off the Intel/NVIDIA fanboy glasses, and take a look around.
quote: the 9800 GTX+ trades blows with the ATI 4870 and the 295 thrashes ATI's 4870 xX2 thingy.
quote: You need to remember that AMD to Intel is like David to Goliath.
quote: Just look around... it isn't rosey for everyone BUT AMD. It semeels like rotten eggs for everyone but IBM and Apple.
quote: I mean all we PC gamers are getting a Effed up console ports (FEAR2 ,FC2,etc). I don't see how any GPU's manufacturer can survive...
quote: Of course, Intel will never let IBM have the x86 licence
quote: Why would you switch anything based on a company which sold you a piece of hardware having gone under?
quote: Wouldn't you replace the system based on the same factors either way
quote: Intel, announced yesterday that it would close some of its fabrication plants and consolidate manufacturing to improve its financial outlook.