Sure, the graphics division brings some cheer for the company but seriously, to what extant is it helping the company alongside a marginally increased market-share with processors? Not much. AMD struggles to survive as stocks plummet below the $6 mark at NASDAQ index, which was priced at $15 /share only a year ago; this is the lowest value for the AMD stock since 2002.
AMD’s survival is crucial for the entire computing industry as it keeps check on inflating prices by major players such as Intel and NVIDIA (who themselves are seeing bad days at the stock-markets these days). It has immense engineering potential to take on major players and force them to slash their prices. There are talks already doing rounds of CEO Hector Ruiz planning to quit.
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AMD cuts $880M from divisions' value
Struggling to climb back to profitability, Advanced Micro Devices suffered another setback Friday when the chip maker disclosed that two businesses it acquired in a pricey acquisition were underperforming.
AMD said the businesses' values would have to be reduced by $880 million. It's the second time AMD has had to slash the value of businesses it absorbed as part of its pricey - and controversial - acquisition of graphics chip maker ATI Technologies.
Shares in AMD fell 12 cents, or 2.4 percent, to $4.84 Friday, after earlier changing hands at $4.60, their lowest point since October 2002.
Sunnyvale-based AMD is the world's No. 2 maker of microprocessors, the brains of personal computers.
AMD and its much-larger rival, Intel, are both pushing deeper into graphics technologies, typically handled on separate chips, as the demand intensifies on computers to render better graphics for Internet video, computer games and high-definition movies.
Santa Clara-based Intel has chosen to beef up the graphics capabilities of its chips in-house, while AMD decided to buy its way in with the $5.6 billion acquisition of ATI in October 2006, a decision that is still hurting the company financially.
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Stocks
AMD’s survival is crucial for the entire computing industry as it keeps check on inflating prices by major players such as Intel and NVIDIA (who themselves are seeing bad days at the stock-markets these days). It has immense engineering potential to take on major players and force them to slash their prices. There are talks already doing rounds of CEO Hector Ruiz planning to quit.
Read More >>
AMD cuts $880M from divisions' value
Struggling to climb back to profitability, Advanced Micro Devices suffered another setback Friday when the chip maker disclosed that two businesses it acquired in a pricey acquisition were underperforming.
AMD said the businesses' values would have to be reduced by $880 million. It's the second time AMD has had to slash the value of businesses it absorbed as part of its pricey - and controversial - acquisition of graphics chip maker ATI Technologies.
Shares in AMD fell 12 cents, or 2.4 percent, to $4.84 Friday, after earlier changing hands at $4.60, their lowest point since October 2002.
Sunnyvale-based AMD is the world's No. 2 maker of microprocessors, the brains of personal computers.
AMD and its much-larger rival, Intel, are both pushing deeper into graphics technologies, typically handled on separate chips, as the demand intensifies on computers to render better graphics for Internet video, computer games and high-definition movies.
Santa Clara-based Intel has chosen to beef up the graphics capabilities of its chips in-house, while AMD decided to buy its way in with the $5.6 billion acquisition of ATI in October 2006, a decision that is still hurting the company financially.
Read More >>
Stocks
Nvidia use Nvidia chipsets machan...
Intel will control every thing..But I don't think amd will stop designing Ati cards.
