1.2 billion in losses is not actually lost money. If you bother to read the earnings report then you will realize that $920 million of that is due to devaluing of it's handheld and DTV divisions. They already paid for ATI so it is money they already spent. All they are saying is that those divisions are worth 920 millions less than they believed they were worth when they bought. This $920 millions was already spent last year when they bought ATI.
So it's like buying $100 in stock 12 months ago and say for example the stock losses $50 of it's value yesterday. It's not like you are spending another $50 it's just a $50 loss in assets.
The actual amount of cash lost by AMD is more in the range of $200 to $300 million (go do the math yourself) which is not so bad.
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1.2 billion in losses is not actually lost money. If you bother to read the earnings report then you will realize that $920 million of that is due to devaluing of it's handheld and DTV divisions. They already paid for ATI so it is money they already spent. All they are saying is that those divisions are worth 920 millions less than they believed they were worth when they bought. This $920 millions was already spent last year when they bought ATI.
So it's like buying $100 in stock 12 months ago and say for example the stock losses $50 of it's value yesterday. It's not like you are spending another $50 it's just a $50 loss in assets.
The actual amount of cash lost by AMD is more in the range of $200 to $300 million (go do the math yourself) which is not so bad.