AMD loses $600 million, while Intel makes $1.28 billion

Posted at: 12:00am 20th July 2007 by Ben Hardwidge

AMD needs some killer products to become competitive again

Evidence of AMD’s calamitous financial predicament surfaced today, when it announced a net loss of $600 million US during the second quarter of this year. Comparatively, the CPU maker’s main competitor, Intel, posted a net profit of $1.28 billion yesterday.

In the full report, AMD reported its full second quarter 2007 revenue as $1.378 billion, its operating loss as $457 million and its net loss as $600 million, or $1.09 per share.

AMD’s chief financial officer, Robert J. Rivet said that ‘we must improve our financial results,’ but he also said that the results were an improvement over those in the first quarter of this year. He said that the company planned to ‘continue to focus on realigning our business model and reducing our capital expenditures and cost structure in the second half of the year.’

With nearly £2 billion US between the two companies’ net profits; it’s clear who is winning in the CPU market at the moment.

More details can be found at AMD Zone