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Robert J. Rivet, AMD Executive Vice President and Chief Financial Officer  (Source: AMD)
Just a day after Intel's Q2 performance report, it's now AMD's turn

Yesterday, DailyTech reported on Intel's Q2 earnings. The company posted Q2 revenue of $8.7 billion USD, operating income of $1.35 billion USD and net income of $1.3 billion USD.

Today, it's archrival AMD's turn with regards to financial performance for the quarter. AMD recorded revenue of $1.378 billion USD, an operating list of $457 million USD and a net loss of $600 million USD.

This compares with revenue of $1.216 billion USD and operating income of $102 million USD for Q2 2006.

"While we made solid progress in the second quarter across a number of fronts, we must improve our financial results," said AMD CFO Robert J. Rivet. "We achieved a 12 percent sequential revenue increase, improved the gross margin and won back microprocessor unit and revenue market share."

AMD appears to have worked out problems that it had in late 2006 with OEM/channel processor distribution and attributes 38 percent sequential increase in microprocessor unit shipments to orders from Toshiba, an increased adoption of AMD-based platforms and strong initial sales of the ATI Radeon HD 2000 graphics family.

"We continue to focus on realigning our business model and reducing our capital expenditures and cost structure in the second half of the year," said Rivet.

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RE: 1.2 Billion in Losese Total Now
By stryfe on 7/19/2007 8:23:22 PM , Rating: 1
Taking out another loan isn't so easy if no one's willing to lend you money. As thier financial situation worsens it will get harder to borrow money and those who will lend money will demand stiffer terms.

Taking out a loan to pay for day to day costs (especially for paying interest on other loans) isn't something a company ever wants to be doing. A loan is only ever a good thing if you can use the cash infusion to create profit growth greater than the interest on the loan.

RE: 1.2 Billion in Losese Total Now
By TomZ on 7/19/2007 8:26:44 PM , Rating: 2
True, and to that I would add that, it won't be hard for AMD to get further loans, rather it will be hard to get additional loans with favorable terms. Basically as their financial condition gets worse, the cost of them borrowing money effectively increases, typically through higher interest rates.

By tuteja1986 on 7/19/2007 11:11:32 PM , Rating: 2
Lets hope AMD doesn't go burn into total chaos ;(

Also rumors of IBM and Samsung wanting to buy out AMD is not true and if its true then they want to compete with Intel not just take the best part of AMD to integrate them and sell the rest.

RE: 1.2 Billion in Losese Total Now
By Xavian on 7/20/2007 6:33:44 AM , Rating: 2
Sony seems to have no problem getting them.

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