To: Tony B who wrote (4402 ) 1/14/1999 12:30:00 PM From: BANCHEE Respond to of 56535
Tony B AMD Here the news on AMD...I read an article on AMD and they are working on a K8 chip that they wouldn't even discuss.. DOW JONES PUBLICATIONS LIBRARY SEARCH • AMD BOOKS • Business books at Barnesand Noble.com Web Search Stock Quotes Weather Look Up Travel Services Music Store Computer Store And More! Click Here AMD Reports Record Q4 Revenues January 14, 1999 07:30 AM PST Advanced Micro Devices [NYSE:AMD] after the stock market close Wednesday said its fourth-quarter net income shot up to $22.3 million or $0.15 per share from $0.01 a share in the previous quarter. But even with the increase, the semiconductor developer did not beat the $0.18 per share First Call Inc.'s consensus of analysts' estimates had expected. Revenues for the fourth quarter totaled $788.8 million, up 15 percent from the previous quarter. AMD attributed all of its revenue growth to increased sales of AMD K6-2 processors with 3DNow technology. For the fiscal year, AMD posted record revenues of $2.54 billion, on a net loss of $103.96 million or $0.72 per share. In 1997 AMD reported revenues of $2.35 billion on a net loss of $21.1 million or $0.15 per share. However, the firm notes its revenues grew by 8 percent in 1998, a year in which the semiconductor industry in general suffered double- digit revenue declines. W.J. Sanders III, chairman and chief executive officer, said, "Growing customer acceptance of the AMD-K6-2 processor with 3DNow! technology enabled AMD to continue to gain share in the market for Microsoft Windows computing." He added that unit shipments of AMD-K6 processors grew by 1.7 million, or 45 percent, to 5.5 million units from the immediate-prior quarter. AMD-K6 family processor revenues grew by more than $100 million over the immediate-prior quarter to $488 million. "In 1998 AMD shipped more than 13.5 million AMD-K6 family processors, generating revenues in excess of $1.25 billion," Sanders added. "The majority of these units -- more than 8.5 million -- were AMD-K6-2 processors with 3DNow! technology." AMD-K6 family processors were number one in the burgeoning segment for sub-$1,000 desktop PC systems, with 38 percent of the market in North America, AMD said, citing PC Data. Market share in the $1,000-to-$1,500 desktop segment was 37 percent and, in portable systems, AMD-K6 family processors captured 21 percent of the North American retail market. Reported by Newsbytes News Network, newsbytes.com . 17:08 CST (19990113/WIRES PC, BUSINESS/AMD/PHOTO) © 1999 Newsbytes. All rights reserved. Banchee