Review: Proporta TurboCharger 5000 – External Emergency Charger Battery Pack
Advanced Micro Devices told the Securities and Exchange Commission this week that it will be recording a $70 million charge in the year ahead due to its implementation of a new restructuring plan that includes the termination of 600 employees — 100 more than it had previously envisioned. Moreover, the chipmaker’s financial woes are far from over. Earlier this month, AMD warned investors that it expected a 25 percent fall in revenue for the fourth quarter this year “due to weaker than expected demand across all geographies and businesses, particularly in the consumer market.” Betting on Shanghai What’s more, AMD said it expects to incur an investment-impairment charge of approximately $20 million related to its investment in flash-memory manufacturer Spansion. And the company said “further cost-reduction actions will result in additional charges in the first half” of next year, “which the company cannot estimate at this time.” AMD also told the SEC that the long-term financial outlook for its ATI Technologies business has further deteriorated, and it expects to record an unspecified material, noncash impairment charge in the new business year. AMD already racked up an $800 million impairment charge in the company’s June quarter for the graphics chipmaking business it bought for $5.4 billion in October 2006. Just last month, AMD CEO Dirk Meyer promised investors that the struggling chipmaker would make progress toward sustainable profitability. “In 2009, we plan to remain focused on executing our new product road maps, extend our leadership in graphics technology, refresh all our existing computing platform offerings, and introduce innovative new platforms targeting key growth opportunities like ultra-portable notebooks,” Meyer said. According to AMD, the company’s new 45nm quad-core Opteron processor, formerly code-named Shanghai, delivers up to 35 percent more performance with up to a 35 percent decrease in power consumption at idle. AMD said it…
See original here: Ailing AMD Ups Restructuring Charges, Expands Layoffs
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