AMD Reports Third Quarter Results -All-Time Record Sales of $1.523 Billion
 

44 Percent Year-on-Year Sales Growth in Microprocessors Highlighted by Accelerated Mobile Processor Sales

SUNNYVALE, Calif., Oct 11, 2005 (BUSINESS WIRE) -- AMD (AMD) today reported sales of $1.523 billion and net income of $76 million, amounting to $0.18 per diluted share, for the quarter ended September 25, 2005.

Third quarter sales were up 23 percent compared to the third quarter of 2004 and increased 21 percent from the second quarter of 2005. In the third quarter of 2004, AMD reported sales of $1.239 billion and net income of $44 million, or $0.12 per diluted share. In the second quarter of 2005, AMD reported sales of $1.260 billion and net income of $11 million, or $0.03 per share. Operating income in the third quarter of 2005 was $79 million as compared to operating income of $68 million in the third quarter of 2004 and an operating loss of $7 million in the second quarter of 2005.

"This was another record-breaking quarter for AMD's microprocessor business," said Robert J. Rivet, AMD's chief financial officer. "Exceptional customer demand for our server, mobile and desktop processors helped drive microprocessor sales growth of 44 percent compared to the third quarter of 2004 and 26 percent compared to the second quarter of 2005. We established new quarterly records in unit and dollar sales, gross margin and operating income."

"Memory Products Group sales decreased 4 percent from the third quarter of 2004 but increased by 12 percent compared to the second quarter of 2005, driven by higher overall unit sales and record MirrorBit(TM) Flash sales. Increased shipments of high-density MirrorBit Flash solutions to the largest wireless OEM customers and a more balanced supply and demand environment helped stabilize the average selling price during the quarter," Rivet continued.

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Who doesn't own an AMD A64 system? :)

My grandma :(

Treat your grandma nice is the only way:)

AMD lost 12.5% today after good earning report a day before, go fiqure.

So, with this note I bought some of the AMD stock today, hopefully at a good price.

If you have a million dollar worth of AMD processor yesterday; you have the same value today if nothing sold or stolen.

If you have a million dollar worth of AMD stock at end of yesterday; you now have $30,000 more. Keep going!!