AMD Reports Record Revenue, Small Profit

“If there’s a word to describe AMD’s fourth quarter of 2009,
“unique” might be one word. “Crazy” might be another. After all,
how often does a chip company net $1.2 billion on sales of $1.6
billion?

“AMD (NYSE: AMD) today reported a net income of $1.178 billion,
or $1.57 a share, on revenues of $1.646 billion. Obviously, the
$1.25 billion antitrust settlement with Intel did wonders to skew
the bottom line, but that should not occlude the fact that AMD had
a tremendous quarter in sales and posted a slim profits even
without Intel’s payoff.

“For the quarter ended Dec. 26, AMD’s $1.646 billion in revenue
was an 18 percent increase from the third quarter and a 42 percent
improvement over the fourth quarter of 2008.”

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