Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

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...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

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.
Thursday, 12 November 2009 12:21

AMD expects profitability in 2010

Written by Fudzilla staff


Image

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.

Fudzilla staff

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