AMD's 1st-quarter loss tops estimates, but major production problem is solved

Article Abstract:

AMD reported a 1st qtr 1998 loss of $55.8 million, or 39 cents a diluted share, but said it solved a significant production problem involving its flagship K6 microprocessor. Analysts had expected per-share losses to range from 28 cents to 31 cents. By comparison, the company reported a 1st qtr 1997 profit of $12.9 million, or nine cents a share. Revenue for the 1st qtr 1998 was $540.9 million, which represents a 2% decline. AMD attributed the drop to a general semiconductor industry slowdown, market pressures against its memory chips, weak Asian demand and customers' aggressive chip inventory reductions. A fix of the K6's poor production yields will enable the company to boost the product's volumes and speeds in the 2nd qtr 1998, according to Chmn and CEO W.J. 'Jerry' Sanders III. Sanders also said AMD has forged considerable progress in migrating to its next-generation process.

Semiconductor industry, Finance, Company sales/revenue, Company sales and earnings, Company losses, Advanced Micro Devices Inc., AMD

---

Intel is pushing for simpler personal computers

Article Abstract:

Personal computers could be morphing into information appliances, and Intel wants to be in the game. Intel wants to bring a simpler device to the home market, perhaps as many as 500 million to one billion per year industry-wide. The company's concept and design, called Aztec, is for manufacturers, not public consumption. A manager at Intel says the appliance concept could be built with reliability, ease of use, and much greater speed. Like iMac, it could be stylish as well.

Strategy & planning, Planning, Microcomputers

---

Intel, S3 agree to end patent squabble; firms to give each other cross-licenses

Article Abstract:

Intel Corp. and S3 Inc. have arrived at an agreement over chip technology patents that have held up forward movement to some extent by both companies. Intel claims this agreement has nothing to do with an antitrust hearing coming up in April 1999. That hearing is supposedly to focus on patent disputes with Compaq, DEC and Intergraph Corp.

Comment:

Licensing agreement should improve progress in chip technology

Alliances, partnerships, Innovations, Computer industry, Software, Licensing agreements, S3 Inc., SIII

Similar abstracts:

• Abstracts: Don't hang up; cellular companies take aim at their No. 1 marketing problem: churn. Talk isn't cheap: Ads make cellular-phone services sound practically free. They aren't even close
• Abstracts: Career research productivity patterns of marketing academicians. Vendor relationships as predictors of organizational buyer complaint response styles
• Abstracts: Rags-to-riches story started with a row. Car makers in double trouble
• Abstracts: Firms face big losses as Asian cuts bite. Hybrid cars get ready for the green scene
• Abstracts: At AT&T, cost-cutting lifts earnings; but revenue growth remains lackluster

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.