More Wrong Nus - Re: "to correct yur blasfemy AMd made a profit in the 2qrt/99"
NO !!!
AMD reported an OPERATING LOSS in Q299 - the "profit" could only be conjured up if you included the sale of Vantis and one of Jerry's Kidneys !!!!!
Here's the report:
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amd.com
AMD REPORTS SECOND QUARTER RESULTS
Financial Statements
AMD Selected Corporate Data
SUNNYVALE, CA--JULY 14, 1999--AMD today reported that the one-time, after-tax gain from the sale of Vantis Corporation offset a substantial operating loss in the just-completed quarter. AMD reported sales of $595,109,000 and net income of $79,896,000, or $0.53 per diluted share, for the second quarter, ended June 27, 1999. The results reflected an operating loss of $173 million, a one-time, after-tax gain of $259 million from the sale of Vantis, the company's programmable logic subsidiary, and restructuring and other special charges of $17.5 million. Excluding the one-time gain from the sale of Vantis and the restructuring and other special charges would result in a net loss of $162 million, or $1.10 per share.
Sales declined by 6 percent from the immediate-prior quarter, while increasing by 13 percent from the second quarter of 1998. The sale of Vantis was concluded on June 15, 1999, and therefore results from the second quarter include only 11 weeks of sales from Vantis Corporation. In the first quarter of 1999, AMD reported sales of $631,593,000, which resulted in a net loss of $128,367,000, or $0.88 per share, including restructuring and other special charges. In the second quarter of 1998, AMD reported sales of $526,538,000, and a net loss of $64,560,000, or $0.45 per share.
For the first six months of 1999, AMD reported total sales of $1,226,702,000 and a net loss of $48,471,000, or a loss of $0.33 per share, including the gain on the sale of Vantis and restructuring and other special charges. For the same period a year ago, AMD reported total sales of $1,067,394,000 and a net loss of $127,287,000, or $0.89 per share.
As the company forecasted several weeks ago, AMD reported sales of 3.7 million AMD-K6™ family processors, down from 4.3 million units in the immediate-prior quarter. Average selling prices for AMD-K6 family processors declined to $67 versus $78 in the first quarter of 1999.
Sales from the company's non-microprocessor product lines increased by 16 percent from the immediate-prior quarter, led by strong sales of flash memory products, driven by demand from cellular telephone customers.
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Paul |
