Close
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home IT Management
    • IT Management
    • Networking
    • PC Hardware

    AMD Outlines Restructuring Plan After Loss

    By
    Bryan Gardiner
    -
    April 20, 2007
    Share
    Facebook
    Twitter
    Linkedin

      Advanced Micro Devices reported dramatic losses in first quarter revenues, which executives called unacceptable. AMD also delivered a rough draft of a restructuring plan that will return the company to its former status, executives said.

      AMD recorded operating and net losses of $504 and $611 million, respectively, or $1.11 per share. AMD recorded revenue of $1.23 billion, down 30 percent from the fourth quarter and 7 percent from a year ago.

      That larger-than-expected loss was the topic of a conference call April 19 in which Dirk Meyer, president and chief executive of AMD, said AMD would be undertaking some major restructuring efforts to deal with what he described as “an increasingly complex CPU business.”

      /zimages/5/28571.gifClick here to read more about AMDs attempts at restructuring.

      “After 14 consecutive quarters of gaining share in the CPU business, the first quarter was a major setback in the strategic transformation of our company,” Meyer said during the call. “But we know, the only way to get healthy is to fully understand our problems and fix them.”

      Those problems, according to Meyer, had mainly to do with “growing pains,” pricing pressures, and some “mix and delivery issues.”

      During the call, he said that with AMDs past success has come increasing complexity in the form of more customers, more channels, and more businesses.

      “The game is really quite different,” Meyer said, “and frankly, that complexity is has led to some challenges for us.”

      “Starting roughly in the middle of last year, we suffered occasional mix and delivery issues in the course of serving new and expanding relationships with global OEMs,” Meyer went on.

      /zimages/5/28571.gifRead the full story on ExtremeTech: AMD Outlines Restructuring Plan After Loss

      /zimages/5/28571.gifCheck out eWEEK.coms for the latest news in desktop and notebook computing.

      Bryan Gardiner
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×