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Advanced Micro Devices Inc

BUSINESS
July 19, 2005 | From Associated Press
Four of the world's largest computer chip makers and New York state said Monday that they would spend $600 million over the next five years on a research, education and economic development project focused on creating the next generation of computer microchips while limiting costs. The project will get $200 million in funding and equipment from Armonk, N.Y.-based IBM Corp., Sunnyvale, Calif.-based Advanced Micro Devices Inc.
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BUSINESS
July 14, 2005 | From Associated Press
Advanced Micro Devices Inc.'s second-quarter profit on Wednesday fell 65% but beat Wall Street expectations as the chip maker reported record microprocessor sales. AMD said processor sales rose 38% from a year earlier, while revenue at its division that makes flash memory for cellular phones and other devices slumped 31%. AMD plans to spin off the flash memory business in a public offering. For the period ended June 26, AMD earned $11.3 million, or 3 cents a share, on sales of $1.26 billion.
BUSINESS
June 28, 2005 | From Reuters
Advanced Micro Devices Inc. on Monday unveiled its most expensive consumer processor, a $1,031 chip for video game enthusiasts that highlights AMD's new plan to market itself as a technology leader, not a cheap alternative to rival Intel Corp. The chip, called the Athlon 64 FX-57, costs more than what many people pay for an entire personal computer. Gamers, looking for ever more detailed graphics and speed, tend to spend freely on the cutting-edge technology.
BUSINESS
May 31, 2005 | From Associated Press
Advanced Micro Devices Inc. is set to launch its first PC microprocessors with two computing engines on a single chip today, expanding its product line with a technology that is expected to be a major driver of personal computer performance for years to come. The four dual-core chips to be unveiled at the Computex trade show in Taiwan are targeted at high-end personal computers used for advanced tasks such as creating or editing digital media. In April, Sunnyvale, Calif.
BUSINESS
April 21, 2005 | Terril Yue Jones, Times Staff Writer
Intel Corp. and Advanced Micro Devices Inc. this week begin a new round in their fight to be first with cutting-edge technology: Both companies are introducing dual-core microprocessors that can crunch data faster than traditional chips. AMD is expected today to announce its dual-core chips for server computers, which run large corporate computer systems. Intel on Monday introduced dual-core Pentium desktop chips.
BUSINESS
April 14, 2005 | Terril Yue Jones, Times Staff Writer
Advanced Micro Devices Inc., the world's No. 2 computer chip maker, said Wednesday that it swung to a loss in the first quarter and would spin off its memory chip business to focus on higher-profit processors. Weak pricing for memory chips led Sunnyvale, Calif.-based AMD to record a loss of $17.4 million, or 4 cents a share, in the quarter, contrasted with a profit of $45.1 million, or 12 cents, a year earlier. Revenue was $1.23 billion, virtually flat compared with $1.24 billion last year.
BUSINESS
January 11, 2005 | From Reuters
Advanced Micro Devices Inc. said Monday that fourth-quarter revenue would miss analysts' forecasts, citing a competitive and challenging memory-chip market. Shares of AMD, which competes with far larger Intel Corp. in the market for microprocessors and flash memory chips, fell $1.58 in after-hours trading to $18.55. Sunnyvale, Calif.-based AMD said it expected that revenue would be "up slightly" from $1.
BUSINESS
January 8, 2005 | From Reuters
Advanced Micro Devices Inc. introduced its Turion brand of notebook computer chips, a name it hopes will evoke the open road as the company aims to make headway in a market in which it lags. AMD has about 9% of the market for notebook microprocessors, a business increasingly dominated by rival Intel Corp. The AMD Turion 64 Mobile Technology is aimed at "thin and light" notebooks, and Sunnyvale, Calif.-based AMD will continue to sell Mobile AMD Athlon 64 for full-sized notebooks.
BUSINESS
January 4, 2005 | From Bloomberg News
Advanced Micro Devices Inc. this week will unveil a chip to let people download digital television programs from a set-top box to a portable media player, without a personal computer. The strategy opposes Intel Corp.'s plan to pack the features into PCs that consumers would put in living rooms to replace digital video recorders, cable and satellite set-top TV boxes and other electronics. AMD, which also sells chips for media PCs, says consumers want the choice.
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