AMD posts ninth consecutive quarterly loss
Thu, Jan 22nd, 2009
Over the past nine quarters, there has been a lot of talk from AMD's Hector Ruiz about a "return to profitability" that's always just around the bend, but talk is all it is. In spite of AMD's efforts, the profitability never materializes, and this past quarter was no different.
In an earnings call today, AMD announced its ninth consecutive quarterly loss, this time to the tune of $1.424 billion. This is actually a smaller net loss than $1.772 billion loss that the company posted in the fourth quarter of 2007, and that's an achievement given the deteriorating conditions in its core PC market.
Have different ideas? Please tell us.
