Feeds

AMD avoids a red-ink-stained quarter for once, market says 'meh'

Increase in desktop CPU revenue and console boost can't excite Wall Street

Top 5 reasons to deploy VMware with Tegile

Perennial chip challenger Advanced Micro Devices (AMD) has posted a profit for the third quarter of 2013, a turnaround that has failed to excite investors.

The good news is that AMD hauled $US1.46bn through the door during the quarter, which means it was in the black by $95m, or 0.06 per share, according to generally-accepted accounting principles. There's $1.2bn of cash kicking around in the kitty, $100m more than AMD feels is optimal, and sales of GPU-related kit kicked up “110 percent sequentially and increased 96 percent year-over-year”. That rise can probably be attributed to all those PS4s and XBOX 360s being assembled ready for arrival in stores for pre-Christmas.

On the downside, “decreased notebook and chipset unit shipments” contributed to a six per cent dip in revenue from “computing solutions”, although the company reported its desktop kit did a little better than expected. Desktop sales even grew a little, a nice counter-trend win for for the company.

The results are decent given the nicest thing we were able to say about the previous quarter's results was that they represented a smaller-than-expected loss.

So why did the market push the company's shares down seven per cent, with most of the fall coming in after-hours trading? Financial types worry that AMD's wagon is still hitched to the PC business, which is in trouble worldwide, and that its plans to get into embedded devices with both x86 and ARM kit will take time and are not guaranteed to succeed.

AMD itself feels better times are around the corner, reporting that customers are starting to adopt its recently-released new GPUS and expressing optimism the recently-revealed R7 and R9 Series graphics cards will excite software developers. SeaMicro's win powering Verizon's cloud is also cited as a good thing. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.