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January 2, 2013
16:13 EDTAMDAMD names Devinder Kumar as CFO, effective January 2, 2013
Kumar has been interim CFO since September, 2012. He served as corporate controller of the company since 2001 and as senior vice president since 2006.
News For AMD From The Last 14 Days
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May 6, 2015
15:59 EDTAMDAMD sees 2H15 revenue up 15% +/- 3%
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15:56 EDTAMDAMD sees being profitable in 2H15
In the first half of FY15, AMD expects a weak PC market, channel inventory rebalancing and expects to record a loss, with cash of about $800M, according to analyst day slides. In 2H15, the company expects to be profitable, with cash of about $800M-$1B. The company sees new product ramps, the demand catalyst from Windows 10 and a seasonal improvement in PCs and game consoles as factors in being profitable in 2H15, according to the its presentation slides.
15:50 EDTAMDAMD mentioned positively at Pacific Crest
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May 5, 2015
06:06 EDTAMDAMD to host analyst day
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April 27, 2015
05:58 EDTAMDAMD to launch Godavari APUs at end of May, DigiTimes reports
AMD (AMD) plans to launch Godavari series APUs at the end of may to compete with Intel's (INTC) Broadwell and Skylake platforms, reports DigiTimes. According to Taiwan-based supply chain makers, AMD will launch 14nm Summit Ridge APUs to be produced by Samsung (SSNLF) and Globalfoundries in 2016 and the Raven Ridge-series in 2017. Reference Link
April 22, 2015
18:27 EDTAMDSemiconductor stocks under pressure after TI, Qualcomm report financial results
Semiconductor stocks are under pressure after earnings reports from Texas Instruments (TXN) and Qualcomm (QCOM). TEXAS INSTRUMENTS: TI reported first quarter results that were lower than analyst expectations, and gave second quarter guidance below consensus estimates. In its Q1 earnings press release, Texas Instruments said its outlook for Q2 is for earnings per share between 60c-70c and revenue in the range of $3.12B-$3.38B. "Our estimates assume continuing weakness in our communications equipment and personal electronics markets, particularly for wireless infrastructure equipment and PCs, respectively. We also do not expect a near-term rebound in foreign currency exchange rates. The annual effective tax rate for 2015 is expected to be about 30%." QUALCOMM: Qualcomm reported Q2 results that were better than analyst's average estimates, but lowered its fiscal year 2015 EPS and revenue views. Qualcomm CEO Steve Mollenkopf said, "While we remain confident in the significant growth opportunities ahead, we are reducing our QCT outlook for fiscal 2015, primarily due to the increased impact of customer share shifts within the premium tier and a decline in our share at a large customer." PRICE ACTION: In after-hours trading, shares of Texas Instruments are down over 6%, while Qualcomm shares are down almost 3%. Other publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), NVIDIA (NVDA), Altera (ALTR), Xilinx (XLNX), and Maxim Integrated (MXIM).

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