Global Sources
EE Times-Asia
Stay in touch with EE Times Asia
?
EE Times-Asia > Controls/MCUs
?
?
Controls/MCUs??

ATI buyout widens AMD Q4 losses

Posted: 21 Jan 2008 ?? ?Print Version ?Bookmark and Share

Keywords:ATI acquisition? AMD loss? Q4 results?

Advanced Micro Devices Inc. announced its Q4 net loss widened, partly due to a goodwill impairment charge related to its $5.6 billion acquisition of ATI Technologies Inc., according to an Associated Press report.

The struggling company recorded net loss of $1.77 billion, or $3.06 per share, compared with a loss of $576 million, or $1.08 per share, in the quarter a year earlier.

The company admitted in December that it overpaid when it bought the graphics chipmaker but did not specify how big the charge would be. AMD recorded a charge of $1.61 billion for impairment of goodwill and acquired intangible assets.

Excluding charges of $2.89 per share, the company would have reported a loss of 17 cents per share. Revenue increased 9 percent from $1.63 billion to $1.77 billion. However, according to analysts polled by Thomson Financial, analysts were expecting 36 cents per share loss on revenue of $1.79 billion.

Even as it promised investors to return to profitability in 2H 08, AMD said it expects revenue to "decrease in line with seasonality" in Q1.




Article Comments - ATI buyout widens AMD Q4 losses
Comments:??
*? You can enter [0] more charecters.
*Verify code:
?
?
Webinars

Seminars

Visit Asia Webinars to learn about the latest in technology and get practical design tips.

?
?
Back to Top