AMD Q4 revenue down 35%, 2008 loss over $3bn
 

AMD have announced their Q4 2008 and full-year financial performance, and as expected it’s a wash-out. The chip-maker posted a net loss of $3.098 billion for the year, with Q4 revenue down 33-percent compared to Q4 2007 and down 35-percent compared to Q3 2008. Even taking out losses for discontinued operations (which amount to $10m), AMD’s ongoing businesses made a loss of $1.414 billion in the most recent quarter.

Total revenue for 2008 was $5.808 billion, and while the net loss was huge it will come as a little consolation to AMD that it’s a slight improvement on 2007’s overall performance. Then, despite making a little more (total 2007 revenue was $5.858 billion) they posted an even greater net loss of $3.379 billion.

http://www.slashgear.com/amd-q4-reve...r-3bn-2331676/