Feeds

AMD losses top $3bn in 2008

Present "crummy," future "murky"

Bridging the IT gap between rising business demands and ageing tools

AMD has released its financial report for the fourth quarter of 2008, along with totals for the full year. The numbers aren't pretty, but the company seems reasonably confident about its future.

AMD corporate logo

That confidence was expressed during a conference call this afternoon with analysts and journalists - though the company's president and CEO Dirk Meyer referred to uncertain product demand as "the real wild card" when forecasting 2009 and his multi-hatted EVP, COO, CAO, and acting CFO Robert Rivet referred to the future as "murky."

Meyer and Rivet avoided most hard numbers when describing the company's prospects for 2009, but they offered a guardedly optimistic goal of reaching a $1.3bn break-even point at the end of Q2.

A lot of work will need to be done to make 2009 an improvement over 2008. Last year, today's report revealed, AMD had a net loss of $3.098bn on revenues of $5.808bn. While falling into a $3.098bn hole must be painful, AMD is better off than it was in 2007, when it lost $3.379bn on revenues of $5.858bn.

The fourth quarter of 2008 was particularly bad. AMD lost $1.424bn in Q4, a period that Meyer described as "usually the year's strongest quarter." Still, that's an improvement over the same quarter in 2007, when the net loss was $1.772bn.

Naturally, Meyer blamed those loses on "the Q4 meltdown," which caused microprocessor sales to be "down across the board."

Meyer said that the company is responding to the fiscal strain by being "laser-focused" on "preserving and generating cash" as well as "protecting current investment." Rivet added that AMD plans to "hold our roadmap intact and service our customers."

Application security programs and practises

Next page: 45nm on track

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.