Advertisement
YOU ARE HERE: LAT HomeCollectionsAdvanced Micro Devices Inc
IN THE NEWS

Advanced Micro Devices Inc

BUSINESS
December 5, 2008 | Times Staff and Wire Reports
Advanced Micro Devices Inc., the second-largest maker of personal-computer processors, cut its quarterly sales forecast, citing weakened demand across all its businesses. Sales will fall about 25% from $1.59 billion in the third quarter, excluding process technology license revenue, the Sunnyvale, Calif., company said. The revised forecast indicates sales of about $1.19 billion in the quarter ending Dec. 27. That misses the $1.53-billion average analyst estimate compiled by Bloomberg.
Advertisement
BUSINESS
October 26, 2006 | From the Associated Press
Chip maker Advanced Micro Devices Inc. said it had completed its takeover of graphic chip maker ATI Technologies Inc. in a cash and stock deal worth about $5.4 billion. The purchase of the Canadian company by Intel Corp.'s biggest rival for personal computer microprocessors could shift the balance of power in the chip industry in significant ways as AMD's product portfolio mushrooms. The acquisition gives Sunnyvale, Calif.
BUSINESS
April 2, 1997
The underdog of the semiconductor industry is about to nip at the heels of the pack leader. Sunnyvale-based Advanced Micro Devices Inc. today will introduce a next-generation microprocessor it hopes will wrestle a piece of the market from Intel Corp. Analysts say the new K6 chip compares well against Intel's Pentium Pro processors in performance and price. But no one, including AMD, thinks it will threaten Intel's dominance. Intel holds 85% of the microprocessor market.
BUSINESS
November 26, 1998
Advanced Micro Devices Inc. shares rose 14% after Merrill Lynch analyst Tom Kurlak, a noted skeptic on semiconductor stocks, boosted his rating on the chip maker to "accumulate" from "neutral." Shares in AMD, the Sunnyvale-based rival to industry leader Intel Corp., rose $3.50 to close at $29.13 on the NYSE. Kurlak has been among those who contend that the trend toward less expensive PCs will hurt Intel's profit. AMD, meantime, has embraced cheaper PCs, and that has helped earnings.
BUSINESS
December 15, 2006 | From Bloomberg News
Advanced Micro Devices Inc., the second-largest maker of personal computer processors, forecast that shipments would rise about 20% in 2007, twice the industry's rate. Gross margin, or sales minus the cost of goods sold, will climb to about 50% in 2007, Chief Financial Officer Robert Rivet said. That compares with an average of 47% over the last four quarters, he said. Chief Executive Hector Ruiz will seek to extend the company's gains against Intel Corp.
BUSINESS
April 13, 2004 | From Associated Press
Computer chip manufacturer Advanced Micro Devices Inc. will pay Intergraph Corp. as much as $25 million to settle a lawsuit over chip patents under a recent settlement. The deal was the latest agreement to end years of litigation over Intergraph technology. Under the settlement, Intergraph said AMD would pay $10 million by May 7 for license rights. Sunnyvale, Calif.-based AMD also will pay as much as $5 million annually over the next three years. AMD shares rose 37 cents to $17.
BUSINESS
March 9, 2000 | Bloomberg News
Intel Corp. unveiled a Pentium III running at 1 gigahertz two days after archrival Advanced Micro Devices Inc. beat it to the important benchmark. Intel said its 1-GHz Pentium III performs better than AMD's 1-GHz Athlon because its product has cache memory designed on the chip, rather than as a separate chip alongside it. Intel's 1-GHz Pentium III will cost $990 when bought in lots of 1,000, compared with $1,299 for AMD's 1-GHz Athlon. Intel closed off 81 cents at $114.
BUSINESS
January 4, 2006 | From Bloomberg News
Rambus Inc. said Advanced Micro Devices Inc. would pay $75 million to license its patents. Rambus shares rose 12%. The five-year contract covers patents used to increase the connection speed of computer chips and in the design of controllers and high-speed memory, Los Altos, Calif.-based Rambus said. The agreement is a sign that Rambus, after years of court battles, is making progress generating sales to expand its product lines. Shares of Rambus rose $2.01 to $18.20. Shares of Sunnyvale, Calif.
Los Angeles Times Articles
|