AMD reduces its quarterly losses, but the news isn’t great either

AMD logoAMD, the perennial underdog, just announced its latest quarterly earnings. Unsurprisingly, they’re not great: the company lost $146 million in the first quarter of 2013. While that’s not as bad as the fourth quarter of 2012 (-$473 million) or even the first quarter of 2012 (-$590 million), it’s not good either. AMD’s stock price has lost around four percent in after-hours trading.

“I think the best you can say is that at least they do not appear to be collapsing yet,” Stacy Rasgon, an analyst with Sanford Bernstein, told Ars.

Like the rest of the industry, AMD is struggling as PC sales are dropping fast. Intel just announced its reduction in profits earlier this week.

In an e-mail sent to Ars, spokesperson Drew Prairie outlined a “three phase turnaround plan,” involving reducing operating costs, executing the company’s product roadmap, and plotting a “return to profitability.” The final phase constitutes taking advantage of “high-growth opportunities in adjacent markets where AMD IP provides a competitive advantage.”

That's quite the tall order, though, as we'll detail in our two-part series (to be published next week) on the rise and fall of AMD. We talked with a number of former high-level executives for the feature. Here's a relevant passage from that piece:

AMD has been on a notable drop for nearly a decade now. To put it mildly, 2012 was a rough year: AMD lost more than $1 billion, effectively wiping out its $471 million profit in 2010 and its $491 million profit in 2011 (its two most profitable years in the last decade). During the last 15 years, AMD sustained a net loss of nearly $7 billion. The company has been downgraded by credit rating agencies, burned by lower demand for PCs (and hence, for its products), and even called "un-investable" by one Wall Street analyst.

Source: Ars Technica

Tags: AMD, report

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Galaxy Note10 really is built around a 6.7-inch display
 
You may still be able to download your content
 
Facebook, Messenger and Instagram are all going away
 
Minimize apps to a floating, always-on-top bubble
 
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
 
The 2001 operating system has reached its lowest share level
 
The entire TSMC 5nm design infrastructure is available now from TSMC
 
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
1234567
891011121314
15161718192021
22232425262728
293031    




Poll

Do you use microSD card with your phone?
or leave your own version in comments (15)