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AMD Radeon Discussion and Support General discussion, tweaking, overclocking and technical support questions about discrete Radeon graphics products.

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Old Nov 13, 2009, 11:34 AM   #1
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erek
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AMD AMD Expects Profitability in 2010

A return to the green!

Focusing on consumers, graphics

For the first time in years, chipmaker AMD expects to report profits in its CPU business next year.

During a meeting with analysts and investors, AMD execs expressed their confidence that they are working to reduce debt, currently running at $3.2 billion. AMD CFO Thomas Seifert said that debt reduction is the company's priority and that AMD hopes to keep as muchas $1 billion cash on hand in the time to come.

CEO Dirk Meyer was even more optimistic, promising to turn AMD into a cash flow generating machine. "I can already hear the cash registers starting to ring, which is wonderful," said Meyer.

Meyer stressed that AMD's strategy will be consumer oriented and that AMD will concentrate on graphics. "Increasingly, people aren't going to be satisfied showing up to work and having a lousier experience on their computer than they do at home," claims Meyer.

Meyer also commented recent antitrust fines imposed against rival Intel, saying: "I'm looking forward to a future in which our ability to succeed as a business is governed by the quality of our products and the quality of our customer relationships. I can tell you that hasn't always been true."


Source: Fudzilla

Last edited by Android1 : Nov 13, 2009 at 12:10 PM.
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Old Nov 19, 2009, 09:07 AM   #2
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Just built my parents a Quad core (Athlon II) machine for $350.00 cdn and it does everything they need it to with possible future upgrade possibilities (thank you to AMD's habit of keeping the same socket for their whole product line). CPU, Mobo, ram HD and power supply (re-used the case and DVD drive). Show me an Intel rig for that price. Amd has always had the budget market locked down. Good on them.
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Old Nov 19, 2009, 09:53 AM   #3
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Originally Posted by DarthElvis View Post
Just built my parents a Quad core (Athlon II) machine for $350.00 cdn and it does everything they need it to with possible future upgrade possibilities (thank you to AMD's habit of keeping the same socket for their whole product line). CPU, Mobo, ram HD and power supply (re-used the case and DVD drive). Show me an Intel rig for that price. Amd has always had the budget market locked down. Good on them.
They really do. Thats one thing Intel needs to work on.
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Old Nov 20, 2009, 04:42 AM   #4
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Hey, thanks for posting this. I'm an off-and-on AMD investor and I missed that news release.
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