|
AMD expects profitability in 2010 |
|
|
|
Written by Fudzilla staff
|
|
Thursday, 12 November 2009 11:21 |
|
Focusing on consumers, graphics
For the first time in years, chipmaker AMD expects to report profits in its CPU business next year.
During a meeting with analysts and investors, AMD execs expressed their
confidence that they are working to reduce debt, currently running at
$3.2 billion. AMD CFO Thomas Seifert said that debt reduction is the
company's priority and that AMD hopes to keep as muchas $1 billion cash on hand in the time to come.
CEO Dirk Meyer was even more optimistic, promising to turn AMD into a
cash flow generating machine. "I can already hear the cash registers
starting
to ring, which is wonderful," said Meyer.
Meyer stressed that AMD's strategy will be consumer oriented and that
AMD will concentrate on graphics. "Increasingly, people aren't going to
be
satisfied showing up to work and having a lousier experience on their
computer than they do at home," claims Meyer.
Meyer also commented recent antitrust fines imposed against rival
Intel, saying: "I'm looking forward to a future in which our ability to
succeed as a
business is governed by the quality of our products and the quality of
our customer relationships. I can tell you that hasn't
always been true."
More here.
|
