CEO Hector Ruiz says the company will focus on its core x86 processor and graphics business while other parts of the business will come under scrutiny.
By year’s end, Advanced Micro Devices might look like a different company.
During the company’s first-quarter 2008 earnings call April 18, CEO Hector Ruiz told analysts that the heavy losses the company has endured during the last six quarters will likely lead to a restructuring of the Sunnyvale, Calif., company.
For the first quarter, AMD posted a net loss of $538 million, or 59 cents a share, which was down from the $611 million, or $1.11 a share, loss the company posted a year ago. The company announced revenues of $1.51 billion, compared with $1.23 billion it posted a year ago and the $1.77 billion in revenues it had in the fourth-quarter 2007.
AMD posted a $50 million charge, or 8 cents a share, due to its 2006 acquisition of ATI....
Amid Losses, AMD Looks to Restructure
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