AMD Earnings and Istanbul News
AMD has announced their Q1 2009 results, and it was not nearly as bad as what the street was expecting. Analysts expected revenues around $977.8 million, but actual revenues came out at $1.177 billion. AMD still posted a significant loss for the quarter, but this is not a surprise. Losses were pegged at around $416 million. Due to tough economic conditions, and a large volume of inventory that was brought over from the traditionally strong Q4 of last year, AMD took＞＞continue
Outlook for Global Foundries is still grim though, but they have a large warchest of funds to leverage on due to the investment from ATIC. They expect their first consumer bulk process to be introduced in early 2010, but so far their only customer is still AMD. Interest is definitely there for other manufacturers to utilize GF's production lines, but we will not see anything new from the company throughout the rest of this year.