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Thursday, December 13, 2007 3:21:09 PM
A bit more time would find the transcript for the conference call but it is not worth the effort.
http://www.tgdaily.com/content/view/34444/118/
Despite another staggering loss in the third quarter, AMD’s financial health appears to be improving. Not only company executives believe that it may have a “shot” at posting a profit for the current quarter [Q4 2007]. AMD is regaining trust again and there’s hope that the company is sailing out of what we called a “perfect storm” in April of this year.
AMD’s stated revenue goal for Q4 is $2 billion accompanied by a gross margin of 40%. Chief financial officer Bob Rivet noted during the Q3 conference call that this combination would enable to about break even in the Christmas quarter. Considering AMD’s current competitive position and the fact that the firm just posted a hefty $394 million loss for Q3, some could argue that this goal will require a small miracle to come true.
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