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AMD posts fifth successive loss

Society Materials 18 January 2008 03:45 (UTC +04:00)

( dpa ) - Computer chip maker Advanced Micro Devices posted its fifth consecutive quarterly loss Thursday, largely due to a writedown on its purchase of ATI Technologies, a graphics chip maker.

AMD, which is battling larger rival Intel, posted a net loss of 1.77 billion dollars, after incurring a charge of 1.61 billion dollars on the ATI deal. Without the writedown AMD would have posted a loss of 97 million dollars on revenue of 1.77 billion dollars.

For the year AMD reported revenue of 6.013 billion dollars, and a net loss of 3.38 billion dollars. The company bought ATI in 2006 for 5.6 billion dollars.

AMD's report comes just two days after Intel reported record fourth-quarter earnings of 2.27 billion dollars on record revenue of 10.71 billion dollars.

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