Items tagged with Sunnyvale

John Carmack's annual Quakecon keynote is one of the most interesting events of the entire year. The man is incredibly intelligent and understands programming and development to a degree that very few people can match. id may have struggled to replicate the gameplay successes of its early years, but Carmack's understanding and perspective on the technical issues surrounding gaming is second to none. This year, he kicked off by discussing the upcoming consoles, their hardware capabilities (very similar) and the long-term impact on AMD. Carmack believes that having everyone standardized on the same... Read more...
Fitch, the debt rating agency, evidently wasn't pleased with what it heard during AMD's last conference call. The agency has cut AMD's debt rating from a B to a CCC-. That's the last step above default, and it echoes the agency's skepticism over whether or not AMD can continue as a going concern. The agency writes: The ratings reflect Fitch's expectations that negative free cash flow (FCF) in 2013 will drive cash below AMD's target level and potentially approach the company's minimum operating level. Beyond the near-term, Fitch believes a strong end market recovery and adoption of AMD's new products... Read more...
AMD CEO Rory Read has announced that the company intends to develop dense computing platforms based on the 64-bit ARM architecture today. This is the second major collaboration between AMD and ARM; Sunnyvale announced earlier this year that it would integrate an ARM core to provide additional hardware-level security on future APUs. The meat of AMD's announcement today is that it's going to leverage the SeaMicro acquisition of earlier this year to ensure it has a platform for its own products. SeaMicro's Freedom Fabric virtualizes a great deal of technology that's normally built into hardware on... Read more...
After more than six months of high-to-mid profile executive departures, AMD has major news to announce on its new executive hire -- and he's a welcome addition. Starting today, Jim Keller will serve as a vice president and the company's Chief Architect for CPU Cores. Keller has spent more than thirty years in the semiconductor business, including a few at AMD. When AMD brought members of DEC's Alpha team aboard in the late 1990s, Keller was one of the CPU architects that came along. Having worked on Alpha's EV5, Jim was lead architect on the first K8 project (the first iteration of K8 was eventually... Read more...
When AMD told investors that its second quarter results would be significantly lower than anticipated, the company's stock price went into a skid. Historically, AMD's quarterly warnings have been followed by ugly earnings calls, filled with enough red ink to drown a small army of accountants. It is, therefore, a pleasant surprise to see that while the company took a nasty hit to overall revenue, with sales down 11% sequentially and 10% year-on-year, it managed to keep its head above water with a net income of $37 million. One of the keys to that achievement was the company's gross margin, which... Read more...
In the wake of Microsoft's Surface unveil last night, much of the buzz has been about Apple, and how Surface will (or won't) challenge Apple's domination of the mobile and tablet markets. This makes some sense, given Apple's recent high-profile unveil of the Macbook Pro with Retina Display, but Surface isn't really meant to go head-to-head against any Apple product. The true potential casualties are Android's share of the tablet market and AMD. When it launched Windows Phone 7, Microsoft effectively put world+dog on notice that it intended to deliver its own vision for a next-generation, scalable... Read more...
The question of what's next for AMD took an interesting twist this morning as the company's stock rose ~ five percent on the rumor that Dell might be interested in acquiring the CPU designer. To say 2011 has been a tumultuous year for AMD thus far would be an understatement; the company has launched major new products, fired its CEO, turned in a solid Q4 2010, and dismissed two additional board members all in the last six weeks. The rumors of a potential buyout aren't just leaking in anonymously. This latest is courtesy of Barrons and Bloomberg with the latter noting that, according to Patrick... Read more...
This afternoon, AMD announced that its current CEO, Dirk Meyer, would be resigning immediately. Dirk, who took the helm of AMD on July 18, 2008, has guided the company through the difficult 18 months since. As AMD's Board of Directors notes, "Dirk became CEO during difficult times.  He successfully stabilized AMD while simultaneously concluding strategic initiatives including the launch of GLOBALFOUNDRIES, the successful settlement of our litigation with Intel and delivering Fusion APUs to the market." What makes this situation unusual are all the things AMD doesn't say. The press release... Read more...
AMD announced its second-quarter earnings yesterday and the company's results, while not perfect, imply continued strong execution. The company's revenue was up 40 percent year-on-year on strong demand for server and mobile parts. Total revenue was $1.65B, up five percent from the first quarter. "Robust demand for our latest mobile platforms and solid execution drove record second quarter revenue and a healthy gross margin," said Dirk Meyer, AMD President and CEO. "Our unmatched combination of microprocessor and graphics capabilities resulted in customers launching a record number of new mobile... Read more...
The last few months have been a whirlwind of activity for AMD. Since the beginning of the fourth quarter, the manufacturer has launched new ATI HD 5000 series parts in the high-end, enthusiast, and mainstream market segments, settled its antitrust lawsuit with Intel, renegotiated its x86 licensing agreement and charted a new course that will establish GlobalFoundries as a completely independent entity. Last week, the company announced its Q4 financial results and gave additional details on what it expects for 2010. This is the last time AMD will consolidate GlobalFoundries results into its own... Read more...