AMD Dumps Handheld, DTV Businesses in Loss

Discussion in 'News' started by FSOwner, July 17, 2008.

  1. FSOwner

    FSOwner FS Owner

    Advanced Micro Devices said Thursday that it had discontinued its digital television and handheld businesses, prompting a one-time charge of nearly a billion dollars. Not surprisingly, AMD reported a hefty loss for the second quarter of 2008.

    AMD reported a net loss of $1.19 billion on revenue of $1.35 billion for the quarter, which included a one-time charge for the discontinued operations of $920 million. Without the charge, AMD would have reported a loss of $260 million. A quarter ago, AMD reported a loss of $358 million on $1.46 billion; a year ago, AMD reported a net loss of $600 million on revenue of $1.31 billion.

    AMD has now lost money in seven straight quarters.

    [​IMG] View Full Article: ExtremeTech
     

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