AMD posts a surprise 3rd-quartr profit
Article Abstract:
AMD's 3rd qtr 1998 profit of $1 million, or one cent a diluted share, easily surpassed analysts' projections of an 11-cent-a-share loss. The surprise gains demonstrate the profit of AMD's chip products such as the K6 and K6-2 microprocessors. By comparison, the semiconductor maker reported a 2nd qtr 1998 loss of $64.6 million, or 45 cents a share, as well as a 3rd qtr 1997 decline of $31.7 million, or 22 cents a share. The $685.9 million in revenue for the 3rd qtr 1998 represents a 15% gain from $596.6 million in the 3rd qtr 1997. CEO W.J. 'Jerry' Sanders pointed to sales of the K6 and K6-2, which rose from 2.7 million in the 2nd qtr 1998 to 3.8 million in the 3rd qtr 1998. Sanders expressed confidence that shipments of the two microprocessors could total 4.5 million in the 4th qtr 1998 and capture at least 19% of the 1999 market by ranging between 20 million to 25 million.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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AMD beats expectations, plans unit sale
Article Abstract:
Advanced Micro Devices reports a third quarter revenue decline to $662.2 million from $685.9 million, or 3.4%, exceeding analysts' expectations. AMD also announced they were selling their communication-chip units to focus on microprocessors and flash memory chips in order to give Intel a competitive run for the money. The company is especially counting on its Athlon chip, which is faster than anything rival Intel makes and commands higher prices and profit margins. Compaq Computer and others are now selling computers with the 700-megahertz Athlon chip. The chip maker also plans to create its own 64-bit chips that will require programmers to adapt exclusively to AMD.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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