AMD announced ninth consecutive quarterly loss, this time another massive, 1+ billion USD. Is it time that AMD begins with capable
AMD will report yet another set of weak results, but this was expected due to global economy being in the toilet.
When it comes to AMD, this is the one company that is really a talent when it comes to destroying its own golden gooses. Sometimes out of knowledge, sometimes out of pure malice, the company’s heart is far from one that was the core when Colonel Sanders was in charge. The company that Sanders lead was always on the edge, but it was that edge that created AMD K7 and K8 architecture (NexGen), it was the edge that went into sponsorship deal with Ferrari and commanded with 45% of 4P server space (for a while). Reactive AMD was the one that stopped investment in 65nm
In the light of world economy going bonkers, we have entered two really interesting weeks. Intel will submit its Q3 results after the market closes on Tuesday, while AMD will follow suit on Thursday. I’ve received a preview for both companies from Wedbush Morgan Securities, and in this post you can read estimates researched by Patrick Wang and his assistant Michael Lucarelli. According to Wedbush Morgan, we can expect “weak 3Q results towards the lower end of guidance as the majority of semi companies have not pre-announced but were most likely impacted by the well-documented macro environment.” With global economy being in chaos, it is