AMD reports fifth-straight quarterly loss

[Capper]

Advanced Micro Devices on Thursday reported a heavy loss for its fourth quarter, due mostly to charges connected to its acquisition of graphics chip maker ATI.
AMD reported a net loss of US$1.772 billion -- greater than its revenue for the quarter, which was $1.770 billion. The figures compare to a loss in the fourth quarter last year of $576 million on revenue of $1.773 million.
The net loss included charges of $1.675 billion, mostly related to AMD's acquisition of ATI in 2006. Excluding the charges, AMD said its loss would have been $97 million, greater than the $25 million it lost in the fourth quarter a year earlier.
This is the fifth-straight quarterly loss for AMD, which has been struggling to get its newest processors to market on time.
AMD delayed volume shipments of its quad-core Opteron processors, code-named Barcelona, in early December when it said it found a bug in the chip's Level 3 cache memory. Earlier this month, AMD said it was pushing back the release of its quad-core Phenom 9700 and 9900 processors.
The company still managed to ship a record number of microprocessors in the quarter, it said on Thursday, including nearly 400,000 of its quad-core chips

AMD reports fifth-straight quarterly loss

[garetjax]

This comes at a bit of a shock to me... after all, they have the backing of the Abu Dhabi government which owns some 7% of AMD/ATI if I recall correctly. With this kind of backing I would have figured that AMD would have tried to make the AD investment a sound one. Of course, that investment was a PHENOMenal disaster... I hope things turn around for AMD soon.

[Jokerswild]

Well there's just one response for this.

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