It appears you have not yet registered with our community. To register please click here...

Go Back [M] > Madshrimps > WebNews
Advanced Micro posts lower profit Advanced Micro posts lower profit
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Advanced Micro posts lower profit
Thread Tools
Old 13th July 2005, 22:59   #1
Sidney's Avatar
Join Date: Mar 2004
Posts: 15,738
Sidney Freshly Registered
Default Advanced Micro posts lower profit

Last Update: 4:44 PM ET Jul 13, 2005

SAN FRANCISCO (MarketWatch) - Advanced Micro Devices Inc. late Wednesday reported a sharply lower profit for the quarter as eroding flash memory prices again undercut higher sales of chips used to power personal computers.

AMD reported second-quarter net income of $11 million, or 3 a share. That compares with net income of $32 million, or 9 cents a share, in the year-ago period. Sales were nearly unchanged at $1.26 billion.

The results, which beat Wall Street's expectations, snapped two straight quarters of losses. Analysts polled by Thomson First Call had forecast a loss of 5 cents.

AMD, a distant second to Intel Corp. in PC chip sales, has struggled to be profitable because of nagging price pressure in the market for memory chips used to store data in cell phones and DVD players.

But strong sales of microprocessors, the brains of the computer, helped AMD in the latest quarter. Sales of personal-computer chips rose 38% to $767 million. Operating income for the microprocessor business rose to $110 million from $58 million.

Its flash memory unit, called Spansion, reported sales of $462 million, down 31% from the year-ago quarter. Operating losses were $90 million. That compares to a profit of $45 million in the year-ago period. AMD filed initial public offering plans for Spansion in April to focus on chips for PCs and servers.


Opteron 165 (2) @2.85 1.42 vcore AMD Stock HSF + Chill Vent II
Sidney is offline   Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
AMD posts $257M profit, increased gross margin jmke WebNews 0 16th April 2010 00:48
AMD posts an operational profit for the third quarter jmke WebNews 0 17th October 2008 20:34
Advanced Micro Devices Plans to Slash Microprocessor Pricing in April jmke WebNews 0 13th March 2008 21:27
Intel May Speed Development to Foil Advanced Micro Sidney WebNews 5 17th September 2007 23:14
Dell Sells Processors by Advanced Micro Devices (AMD) jmke WebNews 0 7th November 2005 22:41
Advanced Micro swings to a loss Sidney WebNews 0 13th April 2005 23:45
Advanced Micro Narrows Gap in Race for New Chip Sidney WebNews 0 20th August 2004 03:06

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 16:52.

Powered by vBulletin® - Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO