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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: Encouraging
By Viditor on 7/20/2007 12:17:13 AM , Rating: 5
quote:
If AMD goes under, who else is going to have the cash to go up against Intel?

Samsung...they have far more cash than Intel, and they are kicking Intel's butt in the rest of the semiconductor space. Adding AMD would make them the number one powerhouse by a large margin.


RE: Encouraging
By gramboh on 7/20/2007 1:05:18 AM , Rating: 2
Interesting and good point. I could see it happening. What is the speculation on AMD's take out share price range?


RE: Encouraging
By Viditor on 7/20/2007 1:32:26 AM , Rating: 2
quote:
What is the speculation on AMD's take out share price range?

A good question...I personally don't see anyone at AMD (or the rest of the shareholders) settling for anything under the high 30s/low 40s at the moment.
That would put the cost into the $20 Billion range, though Samsung does have over $50 Billion available to them.


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