AnMaster.com

Alexkid · 07-22-2011, 04:21 AM

Sales of new chip lift AMD to 2Q profit
JORDAN ROBERTSON
(The Associated Press)

07:21:14AM (DST) Friday,July 22,2011.

SAN FRANCISCO (AP) — Advanced Micro Devices Inc. has been punished so hard for unexpectedly ousting its CEO more than 6 months ago that the second-quarter profit it posted Thursday gave investors a measure of confidence about its direction.

AMD shares rose 38 cents, or 5.9 percent, to $6.88 after the No. 2 maker of computer microprocessors reported its results. The stock had fallen by 30 percent since CEO Dirk Meyer was ousted in January.

The numbers were a rare bright spot in an industry in tumult.

They showed early signs of success for a new chip that combines general-purpose and graphics capabilities. AMD sold more than 7 million of the "accelerated processing units" in the second quarter, more than half of the total since they went on sale in November.

The chips feature an innovative design that represents the kind of creative risks that allow AMD to remain a technological trendsetter despite its perpetual underdog status against Intel Corp.

AMD is counting on the chips to help it gain market share against Intel, which controls 80 percent of the world's PC microprocessor market. AMD also needs the marketing buzz to help generate some excitement as the PC market flags.

Recent signs have worried investors.

Microsoft Corp.'s Windows business is seeing declines. Microsoft reported Thursday that revenue in the division that makes the Windows operating system, which powers the bulk of traditional PCs, fell in the latest quarter. The Redmond, Wash.-based company said revenue would have grown were it not for the launch of Windows 7 a year ago, which made comparisons tougher this year.

Intel has downgraded its view of the PC market. Intel on Wednesday cut its forecast for PC unit growth in 2011 to 8 percent to 10 percent over last year. The Santa Clara, California-based company earlier predicted low double-digit percentage growth. The cut weighed on Intel shares despite stronger-than-expected second-quarter results.

-----------------------------------------------------------------------
* Good numbers. *

07-22-2011, 04:21 AM	#1
Alexkid Your World & Experience Join Date: Jan 2009 Location: Eastern Time Zone Posts: 6,877 Rep Power: 10	Sales of new chip lift AMD to 2Q profit Sales of new chip lift AMD to 2Q profit JORDAN ROBERTSON (The Associated Press) 07:21:14AM (DST) Friday,July 22,2011. SAN FRANCISCO (AP) — Advanced Micro Devices Inc. has been punished so hard for unexpectedly ousting its CEO more than 6 months ago that the second-quarter profit it posted Thursday gave investors a measure of confidence about its direction. AMD shares rose 38 cents, or 5.9 percent, to $6.88 after the No. 2 maker of computer microprocessors reported its results. The stock had fallen by 30 percent since CEO Dirk Meyer was ousted in January. The numbers were a rare bright spot in an industry in tumult. They showed early signs of success for a new chip that combines general-purpose and graphics capabilities. AMD sold more than 7 million of the "accelerated processing units" in the second quarter, more than half of the total since they went on sale in November. The chips feature an innovative design that represents the kind of creative risks that allow AMD to remain a technological trendsetter despite its perpetual underdog status against Intel Corp. AMD is counting on the chips to help it gain market share against Intel, which controls 80 percent of the world's PC microprocessor market. AMD also needs the marketing buzz to help generate some excitement as the PC market flags. Recent signs have worried investors. Microsoft Corp.'s Windows business is seeing declines. Microsoft reported Thursday that revenue in the division that makes the Windows operating system, which powers the bulk of traditional PCs, fell in the latest quarter. The Redmond, Wash.-based company said revenue would have grown were it not for the launch of Windows 7 a year ago, which made comparisons tougher this year. Intel has downgraded its view of the PC market. Intel on Wednesday cut its forecast for PC unit growth in 2011 to 8 percent to 10 percent over last year. The Santa Clara, California-based company earlier predicted low double-digit percentage growth. The cut weighed on Intel shares despite stronger-than-expected second-quarter results. ----------------------------------------------------------------------- * Good numbers. * __________________ Yeah...Do That.

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Switch to Hybrid Mode Threaded Mode

AnMaster.com

Tech & Gadgets Thread About, Sales of new chip lift AMD to 2Q profit