seifert
Latest
AMD collects half a billion in Q1 profit, Fusion APUs now account for half of its laptop shipments
AMD's net income for the past quarter was $510 million, generated from $1.61 billion in total revenues. That should make happy reading for a company that's been raising similar gross revenues previously but finding itself losing cash -- though the more intriguing figures are a little deeper in its latest disclosure. CFO and interim CEO Thomas Seifert has noted that AMD "tripled" its Fusion APU shipments relative to last quarter -- meaning that at least 3.9 million units have made their way out to OEM partners in Q1 -- which now account for "roughly half" of the company's notebook shipments. In less upbeat news, average selling prices in both the microprocessor and graphics divisions were down sequentially, with AMD having to react to pressure from its traditional foes Intel and NVIDIA. You might surmise that with the mainstream Llano APU out and shipping to computer makers, AMD might have a happier second quarter, but the company's guidance is for revenues to be flat or slightly down. A final note of pride is reserved for the Radeon HD 6490M and HD 6750M GPUs, which figured prominently in Apple's latest MacBook Pro refresh and mark a bit of a coup for AMD, who's now responsible for all of Apple's discrete graphics across the MacBook Pro and iMac computing lines. Click the links below for even more intel on Advanced Micro Devices.
AMD CEO Dirk Meyer resigns, CFO Seifert takes interim role
What a day for chip news, eh? First NVIDIA and Intel set aside their vicious rhetoric in a $1.5 billion cross-licensing deal, and now AMD is shaking things up at the very top. Now-former CEO Dirk Meyer has resigned in what the company is a calling a "mutual agreement" between him and the Board of Directors. Interim CEO will be CFO Thomas Seifert, who has asked not to be considered as a candidate for the next chief. A search committee for the next CEO is currently being led by Board Chairman Bruce Claflin. The circumstances behind Meyer's departure remain a mystery, but something tells us they can't be as ridiculous as the last major CEO resignation we saw around these parts.
