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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 deeznuts on 7/20/2007 12:50:18 PM , Rating: 3
If AMD goes under, who else is going to have the cash to go up against Intel?
How about the one company that is probably most central in helping AMD compete, IBM.

RE: Encouraging
By TomZ on 7/20/2007 1:46:14 PM , Rating: 2
Doubtful, I don't see any incentive for IBM to invest in competing in the x86 market against Intel. Most likely investors would be private equity investment firms that would take over AMD, reorganize them, return them to business efficiency, and then profit based on the resulting capital gains in turning around the business.

I thought you worked at an investment company - why do you think IBM would be interested in getting involved?

RE: Encouraging
By Phynaz on 7/20/2007 3:19:22 PM , Rating: 2
IBM already has an X86 license, and used to produce X86 cpu's.

They apparently don't want to be in that busniess, and wouldn't gain anything by doing so.

"Nowadays you can buy a CPU cheaper than the CPU fan." -- Unnamed AMD executive

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