Feeds

AMD's Q1 loss comes in as planned

Puts faith in quad-core Opterons

Next gen security for virtualised datacentres

Chipmaker AMD posted its sixth consecutive loss yesterday, for the first quarter of 2008. The firm brought in revenues of $1.51bn, but made a net loss of $358m and an operating loss of $264m.

The loss comes as no surprise - AMD said earlier in the month that it would cut one in ten jobs after suffering from falling sales across its whole business. It hit its lowered targets for the period, which were 15 per cent down on the fourth quarter.

Sales of $1.51bn were up from $1.23bn in the first quarter of 2007.

AMD chief finance officer Robert Rivet said: "A seasonally weak first quarter was amplified by a challenging economic environment for consumers and lower than expected revenues of previous generation products...".

He said the company was encouraged by acceptance of its new and much delayed quad-core server chips and remained confident of hitting operating profit in the second half of the year.

AMD shares closed up nearly two per cent in New York yesterday. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.