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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 wordsworm on 7/20/2007 3:14:17 AM , Rating: 0
Microsoft. It would be a huge asset to their console devision, and they have the capitol to sneeze up AMD while Bill G is using the urinal.
Capital idea Treckin. Only Americans use the word capitol, and I believe it refers only to DC. In any event, you took the words out of my mouth. I think MS has been slowly trying to get into the hardware market. An AMD acquisition for them is quite feasible, and having AMD would give them a solid position in the field.

RE: Encouraging
By Spivonious on 7/20/2007 9:56:24 AM , Rating: 2
Yep, capitol refers to the actual building where a legislature meets (federal or otherwise).

I was unaware that it was a solely American word, but after looking it up in the dictionary, I see that it is. Education FTW!

RE: Encouraging
By Tsuwamono on 7/20/2007 2:29:28 PM , Rating: 2
its not, canada uses it to. but our building is called Parliament

RE: Encouraging
By wordsworm on 7/20/2007 11:23:20 PM , Rating: 2
No, we don't refer to our capital as the capitol. Google it and it'll ask you, "Did you mean Ottawa capital?" Of course, maybe you're referring to the theatre company, Capitol, which is in Ottawa? If you find a legitimate publisher refer to Ottawa as the capitol, please let me know. I tried to find it but failed.

"And boy have we patented it!" -- Steve Jobs, Macworld 2007

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