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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 theapparition on 7/19/2007 9:00:47 PM , Rating: 2
I'm not trying to flame, but your the only one in this thread who mentioned anything about AMD disappearing. Bankruptcy does not mean out-of-business. It's also not as sinister as it sounds. Rather, at the appropriate time, it could make considerable financial sense. Imagine if your in debt and suddenly, you don't have to pay any of your loans for a year, and when you do start paying, they have been re-negotiated at more favorable terms. It's still not a desireable thing, but it exists for a reason.


RE: 1.2 Billion in Losese Total Now
By Smurfer2 on 7/19/2007 9:55:28 PM , Rating: 4
AMD is going nowhere, they will be around well into the future. These losses are best characterized as "bad."


RE: 1.2 Billion in Losese Total Now
By jdun on 7/19/07, Rating: 0
RE: 1.2 Billion in Losese Total Now
By jdun on 7/20/2007 12:51:43 AM , Rating: 1
AMD has 7.5 billions in liabilities for a 8 billions market cap company.

http://finance.yahoo.com/q/bs?s=amd


RE: 1.2 Billion in Losese Total Now
By Viditor on 7/20/2007 1:02:40 AM , Rating: 3
quote:
AMD has 7.5 billions in liabilities for a 8 billions market cap company


This is why posters need to really learn about these comments first...
Market Cap = Share Price x Number of shares
In other words, it's just a function of the share price...it has nothing to do with what the company is actually worth.
As a matter of fact, a low Market Cap is a very good possible buying signal for a company as it sometimes says that the stock is undervalued


RE: 1.2 Billion in Losese Total Now
By jdun on 7/20/2007 1:20:18 AM , Rating: 1
Market cap is what the market value them at. The market value AMD to be a 8 billion dollar company. The market value Intc to be a 146 billions dollar company. Hence if you want to buy AMD you must pay a minimum of 8 billions. However something you can get it less then the market price.

http://www.investopedia.com/articles/basics/03/031...
http://en.wikipedia.org/wiki/Market_capitalization


RE: 1.2 Billion in Losese Total Now
By Viditor on 7/20/2007 1:29:11 AM , Rating: 3
quote:
The market value AMD to be a 8 billion dollar company.

This is wrong as well...in After Hours trading, AMD is at $16.50/share and there are 550.44 shares outstanding.
That's a Market Cap of $9 Billion...
BTW, did you just skip over the Enterprise value of $11 Billion?


RE: 1.2 Billion in Losese Total Now
By Ringold on 7/19/2007 9:57:26 PM , Rating: 2
quote:
I'm not trying to flame, but your the only one in this thread who mentioned anything about AMD disappearing.


Fair point, I should've used different language, but I think I was responding to the notion that if they dont stop the losses they wouldnt be able to operate until the end of the year, insinuating a shut-down, suggesting disappearance. At least, that's how it rang up in my cloudy head. There's a lot of gloomy language being used. I don't buy in to the doom and gloom in the least. I don't disagree at all with what you just said; essentially, things will continue to roll along just fine. Might end up with a junk bond credit rating (if it doesn't have one already), might end up on the receiving end of an LBO, but that's all natural and AMD will live on.


"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation














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