Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

Apple iPad Air 2 costs $275 to build

Apple iPad Air 2 costs $275 to build

IHS has told Recode that the Apple iPad Air 2 16GB Wifi costs only $275 to build -- not bad…

More...
LG sells 16.8 million smartphones in Q3 14

LG sells 16.8 million smartphones in Q3 14

As Samsung is losing market share, another Korean company, which many had written off, is gaining.

More...
LG G Watch R EU price set at €299

LG G Watch R EU price set at €299

LG G Watch R is probably the best looking Android Wear device on the market and many have been waiting for…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 19 May 2009 22:17

AMD expects return to profitability by year's end

Written by


Image

Meyer promises no more layoffs

 

Months before the recession reared its ugly head, AMD was struggling and putting in place unpopular measures to reduce costs and streamline its operations. Now, it seems the company had a head start on the rest of the industry which is still trying to cope with the downturn.

Speaking at the Reuters Global Technology Summit in New York, CEO Dirk Meyer said AMD's main division would end 2009 profitable if demand in Q3 and Q4 picks up. His forecast excluded AMD spin-off Globalfoundries, and the consolidated report for both companies will not show a profit.

Meyer also optimistically commented the massive $1.45 billion antitrust fine levied against Intel by the European Commission, saying: "Over time, it's going to allow us to more successfully compete for business."

There were some good news for AMD employees as well, as Meyer said the company was done with restructuring and layoffs. He claims AMD has cut costs to such extent, that it will break even once quarterly revenue reaches $1.3 billion.

Talking about netbooks, Meyer once again said that he expects the distinction between netbooks and notebooks to fade over time, and eventually disappear.

He also had a novel definition of netbooks to offer, saying: "Netbooks have Atom. Notebooks don't."

More here.

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments