Items tagged with Markham
Grim tidings abound at AMD this quarter, confirming some of our worst fears and raising serious questions about the company's ability to continue as a going concern. Revenue for the quarter was $1.27 billion, a decrease of 10% sequentially and 25% year-on-year. The company reported a net loss of $157M and has announced a new restructuring (read: massive layoffs) plan. The company's gross margin plummeted to 31%, down from 45% last quarter. The decline in gross margin was driven by an inventory write-down on the value of the unsold hardware AMD was carrying at the end of Q2. Despite this, AMD's... Read more...