Feeds

AMD chief hails Intel-assisted 'transformation'

Litigation pays

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

AMD president and chief executive Dirk Meyer has called the company's fourth-quarter 2009 financial results "another milestone in our transformation."

That is, a transformation from a money-losing microprocessor manufacturer in the same quarter last year, when it lost $1.424bn, to a profitable microprocessor designer in its most recent quarter, when it showed a "net favorable impact" of $1.224bn.

That income, however - AMD's first quarterly profit in three years - is due to the company's receipt of $1.25bn from Intel to settle their legal wrangling, a windfall that AMD promptly used to pay down a good chunk of its crippling debt.

As an AMD press release announcing the company's Q4 results on Thursday put it: "AMD reported operating income of $1.288 billion in the quarter, including a net favorable impact of $1.224 billion. The net favorable impacts were primarily from a legal settlement with Intel Corp."

Spinning off GlobalFoundries early this year didn't hurt, either.

Aside from that monumental cash infusion from Chipzilla, there was other good news in the quarter for AMD. Revenue increased to $1.646 billion, beating analysts' expectations of $1.49bn. That's a 48 per cent uptick when compared with the dreadful Q4 2008, and an 18 per cent increase when compared with the third quarter of 2009

Taken as a whole, 2009 was noticeably rosier that 2008 for AMD. For the full just-ended year, the company reported revenue of $5.4bn and net income of $304m. In 2008, those numbers were $5.8bn income and a loss of $3.13bn. ®

New hybrid storage solutions

More from The Register

next story
Apple iPhone 6: Missing sapphire glass screen FAIL explained
They just cannae do it in time, says analyst
Half a BILLION in the making: Bungie's Destiny reviewed
It feels very familiar - but it's still good
Oh noes, fanbois! iPhone 6 Plus shipments 'DELAYED' in the UK
Is EMBIGGENED Apple mobile REALLY that popular?
Apple's big bang: iPhone 6, ANOTHER iPhone 6 Plus and WATCH OUT
Let's >sigh< see what Cupertino has been up to for the past year
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's SNEAKY plan: COPY ANDROID. Hello iPhone 6, Watch
Sizes, prices and all – but not for the wrist-o-puter
Get your Indian Landfill Android One handsets - they're only SIXTY QUID
Cheap and deafening mobes for the subcontinental masses
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
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?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.