Tag Archives: AdvancedMicroDevices

AMD reports $1.27 billion in revenue for Q3 2012

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STUB AMD reports $ in revenue for Q3

While AMD wrestled to get back on the good foot last quarter, the Sunnyvale chip maker continued to struggle for the third three month financial period of 2012. While reporting $1.27 billion in revenue, the company still saw a ten percent sequential decrease and a 25 percent decrease year-over-year. The hurt not ending there, AMD's graphics division saw a revenue decrease of seven percent sequentially and 15 percent year-over-year. "The PC industry is going through a period of very significant change that is impacting both the ecosystem and AMD," said Rory Read, AMD president and CEO. Such words mirror that of longtime rival Intel, which also continues to struggle with a very unfriendly PC market. In an effort to rebound, AMD announced a restructuring plan to reduce operating expenses that will hopefully give the company more leeway to develop and produce new products and strategies.

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AMD reports $1.27 billion in revenue for Q3 2012 originally appeared on Engadget on Thu, 18 Oct 2012 16:55:00 EDT. Please see our terms for use of feeds.

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AMD CFO Thomas Seifert calls it quits, Devinder Kumar takes his place on an interim basis

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AMD CFO Thomas Seifert calls it quits, Devinder Kumar takes his place on an interim basisAdvanced Micro Devices' Senior VP and Chief Financial Officer, Thomas Seifert, has decided to leave AMD three short years after joining the company. As you may recall, Seifert briefly took the reigns of AMD as interim CEO in early 2011, until the firm found a permanent replacement in Rory Read later that year. No word on why Seifert has decided to depart the chip maker -- other than "to pursue other opportunities" -- but we do know that Devinder Kumar, AMD's current Senior VP and corporate controller will replace him on an interim basis. The full announcement awaits in the PR after the break.

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AMD CFO Thomas Seifert calls it quits, Devinder Kumar takes his place on an interim basis originally appeared on Engadget on Mon, 17 Sep 2012 16:33:00 EDT. Please see our terms for use of feeds.

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AMD poaches Apple’s platform architecture lead to head up CPU team

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AMD poaches Apple's platform architecture lead

We suppose after a reasonably high-profile defection of one of AMD's own to Apple, the Sunnyvale company had to exact revenge. That payback was announced today in the form of Jim Keller, the now former platform architecture head in Cupertino, who will be joining AMD as corporate vice president and chief architect of its microprocessor unit. In a statement, the company said that Keller will be leveraging his "low-power design expertise," possibly as part of its oft-rumored ARM plans. Keller previously worked as VP of design at P.A. Semi before being brought into the Apple fold where he played an important role in the development of the processors inside the iPad, iPhone and Apple TV. With AMD struggling to keep pace with Intel in both the desktop and laptop space, a move into low-powered mobile chips could be a plan to stave off more dire days. Check out the PR after the break.

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AMD poaches Apple's platform architecture lead to head up CPU team originally appeared on Engadget on Wed, 01 Aug 2012 08:49:00 EDT. Please see our terms for use of feeds.

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AMD reports Q2 earnings: continues to see revenues drop, $37 million net income

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AMD reports Q2 earnings

Well, things are looking slightly better for AMD this quarter. While revenues continued to decline the company actually posted a profit of $37 million, a stark contrast to $590 million net loss from last quarter. Still, with revenues down 11 percent sequentially and 10 percent year-over-year to just $1.41 billion the company isn't meeting expectations. Earnings per share were aticipated to hit $0.07, but the Sunnyvale crew only managed an EPS of $0.05. The company blames the softening PC market for its continued struggles, especially in the desktop space where it has traditionally enjoyed more success. It continues to plug away with its A and E series APUs, but it's still struggling to make much of a dent in a world increasingly dominated by Intel. The Computing Solutions division saw its revenues decrease 13 percent both sequentially and year-over-year, while the GPU department was down five percent for the quarter, but steady compared to the same time last year. For more detail hit up the source link.

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AMD reports Q2 earnings: continues to see revenues drop, $37 million net income originally appeared on Engadget on Thu, 19 Jul 2012 17:12:00 EDT. Please see our terms for use of feeds.

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