Feeds

AMD posts huge loss

Best thing about Q1 is it's gone, Sanders says

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

As warned, AMD showed a huge loss of $128, 367,000 on turnover of $631,593,000 for its first financial quarter 1999. Revenues dropped by 20 per cent from its last quarter, when AMD managed to turn in a net profit of $22,321,000. But compared to the same quarter last year, AMD managed to show an increase in revenues of 17 per cent, when it also posted a loss. Jerry Sanders III, CEO of AMD, said: "The best thing that can be said about the first quarter is that it's over. The significant decline in revenues reported by AMD in the first quarter was almost entirely due to previously reported AMD-K6®-2 microprocessor yield issues. "The large revenue decline in the face of high fixed costs and record spending on research and development of $160 million in the quarter precipitated the unprecedented loss." Sanders claimed that improvements in in March and in the current quarter to date will mean a sharp increase in unit production in the current quarter. ®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.