We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
 
74,953 News Articles

AMD reports sixth consecutive quarterly loss

Chipmaker pins hopes on 45-nanometre chips

A weak first quarter has yielded a sixth consecutive quarterly loss at AMD, with the struggling chipmaker posting revenue of $1.51bn for its first fiscal quarter of 2008, ended March 29, and a net loss of $358m.

The bad results were in line with analyst forecasts. AMD had warned the financial community last week that it would miss earnings expectations by about $100m, blaming poor sales across all segments of its business.

A few days after last week's earnings warning, the company's chief technology officer Phil Hester stepped down, adding to the bad news. AMD had been hoping to turn things around by its second quarter. On Thursday it said it was hoping to be profitable again by year's end.

AMD is pinning some of its turnaround hopes on its upcoming 45-nanometre processors, which are due to begin shipping in the second half of this year. The company is readying a server chip, code-named Shanghai, as well as a desktop processor, named Deneb.

The company also expects to boost server sales in the second quarter, by which time a third major vendor will begin selling servers based on AMD's quad-core Opteron processors, the company said. AMD did not name the vendor; the chips are already sold by companies such as Dell and HP.

AMD's bottom line may also have been hurt by delays with its quad-core Opteron processor, code-named Barcelona. It was supposed to ship last September, but a technical glitch pushed back the chip's rollout until the end of the first quarter.

Related articles:

Dell launches five quad-core Opteron servers

AMD launches quad- and triple-core Phenoms


IDG UK Sites

Amazon 3D smartphone release date, price and spec: The hologram phone?

IDG UK Sites

iPhone 5s review: why the iPhone 5s is still the best phone you can buy in 2014

IDG UK Sites

Passwords don't work: here's four ways to fix them

IDG UK Sites

Developers get access to more Sony camera features