TweakTown
Tech content trusted by users in North America and around the world
5,976 Reviews & Articles | 38,610 News Posts

AMD's financial woes diminish - 2010 is bright

Report their first net profit in years

| Business, Financial & Legal News | Posted: Jan 1, 1970 12:00 am

After experiencing several years of financial losses, things are looking up for AMD once again with reported revenues of $1.65 Billion in Q4'2009 and net income of $1.18 Billion.

 

Had it not been for a $1.25 Billion settlement payment received due to an antitrust dispute with direct competitor Intel, we would have witnessed yet another reported loss. AMD's CEO Dirk Meyer is all smiles for 2010; "We enter 2010 having completed the transition to a fabless business model, reached a historic antitrust settlement, and made significant progress strengthening our balance sheet."

 

However, even with Intel's $1.25 Billion payment to AMD, it too reported revenues up by 28% for Q4'2009, reaching 10.6 Billion and a net profit of $2.3 Billion.

 

NEWS SOURCES:Electronista.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts
Check out TweakTown Polls on LockerDome on LockerDome

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases