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Old April 17, 2008, 04:18 PM
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Default AMD reports another hefty loss: $358 million in Q1

Sunnyvale (CA) - AMD today reported another painful quarterly loss today in what the company called a “difficult start into the year”. Losses occurred across all business units, with the missing Barcelona an “increased consumer exposure” being blamed on a loss of $358 million. Over the past six quarters, AMD has lost $4.3 billion.

Quote:
Originally posted in TG Daily
The loss included $50 million in AT-related charges, $8 million from the firm’s graphics unit and $11 million from consumer electronics operations. Revenue was $1.51 billion, about $500 million less than what is generally believed the company currently needs to hit a break even at its current cost structure.

The Q1 revenue was 22% above the Q1 2007 result, but 15% below of Q4 2007. The loss dropped from $611 million in Q1 2007 and $1.77 billion in Q4, which included a $1.68 billion write-off due to the decreased value of the ATI acquisition.

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