It's not a V bottom, it's not a U bottom, it's a Nike swoosh recovery - Greg McLenon, Hotovec Pomeranz
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AMD's Q1 is in the black
WE'RE NOT ONES TO usually follow the ups and downs of the company's financials, but AMD did manage to squeeze out a profit in the first quarter of 2010.
The first quarter is traditionally slow for business and it's normally expected to return the lowest sales of the year. However AMD managed to post net income of $257 million, slightly lower than the strong 2009 Q4 but the best Q1 the company has had in a while.
Both the CPU and GPU divisions lost a bit of income - 3 per cent and 5 per cent, respectively - but the "mix", as AMD CEO Dirk Meyer put it, was a bit more favourable, that is, selling a bit more at the higher end and making better margins.
AMD sees the disproportionate growth of its server business as welcome news for the prospects of its upcoming 8-core and 12-core servers. Its Magny Cours line of servier chips will be available this quarter, said Meyer.
The company's roadmaps will continue very much the same added Meyer. But during the Q&A he did shed some additional light on a few items.
Fusion, AMD's first CPU plus GPU combination, will ramp towards the end of this year, with partners marketing retail units in the first half of 2011. The company has started sampling both versions of Fusion with some clients already and the web should be a-buzz with talk about them very soon.
The Bobcat, said Meyer, will be used not only for netbook class devices, but also to equip x86-based "pads", which we can only presume reflects a fairly expectable attempt by AMD at riding the Ipad wave.
Facing off with Nvidia's mobile graphics architectures, AMD also announced plans for developing the software side of power management on mobile platforms, somewhat akin to Nivida's Optimus technology.
Good results from AMD, considering that Q1 is usually disappointing for everyone, that herald in some much-needed peace of mind for investors and a breather to help it face Intel's 32nm advance. µ
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The author mentioning the iPad, is relevant to the discussion.
Apple in advance discussions to adopt AMD chips
http://www.appleinsider.com/articles/10/04/16/apple_in_advanced_discussions_to_adopt_amd_chips.html
It's because the editors at the INQ are overcompensating due to being closet-Apple fans. I think they end up giving Apple and their products more air time than most publications, and I wish they'd stop it.
AMD's 2nd, 3rd, 4th qtrs WILL be profitable. Ever hear of the 299 6 core jobbies these guys have. With NO answer from the competition in the same price/ performance band?
AMD ROCKS!!
Tried to get a quick and direct mail in to the kind folks at Inq. Didn't have the time to do this Thursday and Friday when I saw this.
Interesting how the Street sees the Fermi investment of the Green Goblin as being as we all know "Late to the party" as it were.
ENjoy reading.
http://www.streetinsider.com/Downgrades/Update+-+Needham+%26+Company+Downgrades+NVIDIA+(NVDA)+to+Hold;+Concerns+of+Fermi+Ramp+and+Gross+Margin+Risk/5536612.html
http://www.aolnews.com/topic/nvidia-corp/?topicid=3000001871
"stick your head in a microwave. dare to be stupid!!"
I dare AMD to call their graphics switching tech: "AMD Megatron technology".
<sings
Dare! Dare to believe you can survive!/ // [with Q1 earnings like that]
You hold the future in your dreams!!!
</sings
<apologies Stan Bush
Sam, I would describe the paper notebooks I used 15 years ago to take notes from university lectures upon as pad, even though there was only occasionally some blood on them ... also some sweat and very frequently tears and more than anything else, little drawings down the side, mainly of TransFormers characters.
Call them what they are -- TabletPCS.
Unless they've been drenched in blood, then you can call them pads.
The 'net income' included a one time $325mil benefit from 'deconsolidation' from global foundries. While technically net income... this is a one time event and is not part of the normal business of AMD.
So while it is nice to quote net income of 257mil, that number should be taken with a huge grain of 'sand'.
Heck, since AMD does not have money like Intel to fund its own fab, AMD has been forced to let the Arabs owned its manufacturing arm. This is why those idiot fools can fill its own bottom line. I expect when Intel Sandy Bridge has been rolled out, AMD is in its own final coffin and after filed the chapter 7 bankruptcy.
Geez, and it only took 20 years for them to finally make a profit. Let's see if they can keep it up for 2 quarters.
Maddoctor well, er, mad!
(For some reason the above named poster is not a fan of AMD)
to place "Apple" and "Ipad" in every headline?
The news above have little to nothing to do with the ipad.
Im getting tired of inq hit seek :\
Ignore Intel results. Thanks.