AMD Reports 3Q09 Operating Profit
Most Americans cannot read and comprehend. But the news is AMD is profitable now.
The idiot who wrote this can't understand plain English.
He says: "Revenue of $1.39 billion was up 17.9% sequentially and down 21.4% year over year, better than management’s expectations of a slight sequential increase. However, excluding the $191 million in one-time process technology license revenue, it was up 1.8% sequentially and down 32.2% year over year, in-line with management expectations."
Basically, he is saying that AMD 3Q09 revenue was really 1.39-0.19 = 1.2 billion.
And this is what Rivet said in the conference call:
"Third quarter revenue was $1.396 billion, growing 18% compared to the second quarter of 2009. Compared to the third quarter of last year, revenue declined 22%. However, excluding the $191 million Process Technology License revenue, revenue declined 13% on a non-GAAP basis."
Obviously, the $191 million licensing revenue happened in 3Q08.
AMD made $80 million profit in 3Q09.