Feeds

AMD losses top $3bn in 2008

Present "crummy," future "murky"

Build a business case: developing custom apps

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."

5 things you didn’t know about cloud backup

Next page: 45nm on track

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
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.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.