Feeds

AMD losses top $3bn in 2008

Present "crummy," future "murky"

The essential guide to IT transformation

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."

Next gen security for virtualised datacentres

Next page: 45nm on track

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

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
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 Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?