AMD reports Q2 results: $1.2B loss, quitting handheld and digital television businesses- Heffee

Become a Heffer

Heffee uses a formula that takes into account the input from websites, moderators and expecially the users to decide which news across the internet is the most important. Users can create their own customized feeds, save pages and articles from across the web, and subscribe to their favorite news outlets.

Sections

Incoming Sites

Daily Haha

CanMag

621,773

366

182

AMD reports Q2 results: $1.2B loss, quitting handheld and digital television businesses

Abstract

Filed under: Misc. Gadgets

Well, no wonder Hector Ruiz quit as the CEO of AMD earlier today -- the chipmaker just announced its second quarter results, and they're not good. In addition to an overall $269M operating loss, the company is taking an $876M charge against the purchase of ATI so it can abandon the handheld graphics and digital TV markets. To be honest, we hadn't been hearing much about ATI's plans in those areas, so it's probably for the best the company is focusing on getting Barcelona out the door after the launch of Puma -- but we doubt much is going to happen with a power vacuum at the top and a bottom line that's bleeding red.

[Via Crave]

Read | Permalink | Email this | Comments

Article Details

Article Awards:

*Awards based on a combination of variables from both users and Heffee moderators. (982.10)

Site: Engadget
Feed: Gadgets (

)
Url: http://www.engadget.com/2008/0...
Views: 1
Added On: 2008-07-18 06:51:07

Incoming

None

Saved By

Apparently Nobody


			Login Remember Me?