Although Advanced Micro Devices Inc., or AMD – as this company is commonly known, has seemed to find its own way in the industry, the financial reports for this year’s third financial quarter have brought the same bad news as usually. AMD has reported its fourth straight quarter of net financial losses and that is not a good thing! The analysts are saying that Intel’s rival is still carrying the weight of costs that are related to its 2006’s acquisition of the graphics vendor ATI Technologies.
Advanced Micro Devices Inc. has reported a net loss of no less than $396 million, meaning $0.71 per share, for the third financial quarter of the current year. The losses have also included a $120 million charge related to AMD’s last year acquisition of ATI Technologies.
However, the revenue that AMD has recorded for the current year’s third quarter has been of $1.632 billion, which means 18 percent year-over-year increase for the popular Intel’ rival.
Recently, AMD has eventually released its latest quad-core Barcelona microprocessor. Barcelona has seen the spotlight after months of delays and also after rival Intel Corp. has hit the market with its similar tough products. Intel Corp. has shipped about 2 million quad-core microprocessors during the year’s third quarter, as the company has announced on Tuesday.
Will AMD be able to eventually find its way?
