Feeds

AMD's Q1 loss comes in as planned

Puts faith in quad-core Opterons

Boost IT visibility and business value

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. ®

Build a business case: developing custom apps

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
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
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.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.