Originally posted on January 17, 2008 @ 11:14 pm
Advanced Micro Devices, Inc. (AMD) has reported its fifth straight losing quarter today. But the company is still optimistic that it will turn things around with the arrival of its quad core processors.
With the books closed for what is one of the worst 12 months of the company, AMD executives have revealed its plans to make the company profitable this 2008. Among the many strategies is the release of its quad core desktop and server processors as well as bringing in new products, among them Puma, its new mobile platform.
Most of the problems the company has encountered is being blamed on AMD’s acquisition of ATI. Up to now, nothing profitable or significant has come out of this move, but AMD executives are firm in their resolve that the ATI acquisition was the right decision.
2008 will be a key year for AMD and it may also be the year when consumers will finally see if the ATI decision will bear fruit or become one of the biggest business duds in years.