Feeds

AMD sacked by ATI costs

Oh yeah, and Intel

3 Big data security analytics techniques

AMD reported its first net loss in two years as its acquisition of ATI added to losses stemming from a crushing price war with Intel.

The results are further confirmation that Intel is reasserting its heft, thanks to the release earlier this year of a bevy of new chips based on a refurbished microarchitecture. AMD's profit was especially bruised by sinking prices for server chips, AMD's strong suit over the past few years.

Not that Intel has been immune from casualties. Last week, it reported a 39 per cent decline in profit as it unloaded old products in a fire sale, reorganized the company and dumped employees.

But things have been looking up for the larger chip maker. Its success was on display earlier this week when Sun Microsystems said it would start selling Xeon-based servers, a blow to the image that only AMD was good enough for the job.

AMD's fourth-quarter net loss was $574m, or $1.08 a share, compared with net income of $96m, or 21 cents a share in the same period last year. This year's figures included costs $550m for its purchase of ATI.

Revenue was $1.77bn, compared to pro forma revenue of $1.84bn last year. That was slightly better than the average Wall Street forecast, made tepid ever since AMD warned two weeks ago that gross margin would be hurt by "significantly lower" average selling prices.

The company - which four years ago shed its image as a perennial underdog with the introduction of the Opteron - forecast revenue for the current quarter that was below analyst expectations.

Shares fell almost five per cent in after-hours trading. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.