Monday, April 23, 2012

AMD Posts $600M Loss On Weaker Sales; SeaMicro Purchase, Foundry Deal

AMD's burgeoning profitability took a hammering in Q1 thanks to a $700M deal with GlobalFoundries, its purchase of SeaMicro, and a sequential decline in sales. Total company revenue was $1.59B (down from $1.69B in Q1 2011), but Sunnyvale delivered a $590M net loss. Much of that is attributable to the company's new deal with GlobalFoundries,...

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