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Friday, April 18, 2008

AMD News Update: Q1'08 Financial Announcement

Highlight:

Revenue:
Sequential Quarter drop 15% from $1.77 billion to $1.51 billion
Y2Y of Q1 rose 22% from $1.233 billion to $1.51 billion

EPS:
Sequential Quarter improve $2.47 from ($3.06) to ($0.59) (with 358 million Net Loss)
Y2Y of Q1 improve $0.52 from ($1.11) (with 611 million Net Loss) to ($0.59) (with 358 million Net Loss)

Other:
It also announced plans to jettison 10 percent of its global work force, or about 1,600 workers, by September.AMD said its 45-nanometer products are expected in the second half of 2008.

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