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Advanced Micro Devices Inc (AMD.PH)

AMD.PH on Philadelphia Stock Exchange

13.13USD
17 Feb 2017
Change (% chg)

$0.17 (+1.31%)
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$12.96
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Volume
857,614
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Latest Key Developments (Source: Significant Developments)

Advanced Micro Devices partners with Oculus and Dell to Power Oculus Ready PCs
Monday, 5 Oct 2015 04:30pm EDT 

Advanced Micro Devices:Says a collaboration with Oculus and Dell to equip Oculus Ready PCs with AMD Radeon GPUs, starting at $999USD.Says the powerful PCs are designed to deliver stunning gaming performance and enable spectacular VR experiences for consumers around the world by leveraging AMD VR leadership with LiquidVR™ and Graphics Core Next architecture.  Full Article

Advanced Micro Devices Inc to cut 500 global jobs, take $42 mln charge - Reuters
Wednesday, 30 Sep 2015 08:00pm EDT 

Advanced Micro Devices Inc:Struggling chipmaker Advanced Micro Devices Inc said it would cut about 500 jobs, or 5 percent of its global workforce, as it looks to rein in costs amid weak demand for its chips used in personal computers and intense competition - Reuters.AMD said it expects to take a charge of $42 million, with $41 million of that recorded in the just-ended third quarter - Reuters.AMD said it expected savings of about $58 million in 2016 from the restructuring plan - Reuters.The restructuring includes outsourcing certain IT and application development services, the company said in a regulatory filing on Thursday - Reuters.The job cuts will take place across AMD's global operations, including Austin, Texas, and company headquarters in Sunnyvale, California, Prairie said - Reuters.AMD had about 9,700 employees at the end of last year, according to its latest annual filing from February - Reuters.  Full Article

Advanced Micro Devices and Optiolabs to offer more secure computing experience
Wednesday, 30 Sep 2015 02:00am EDT 

Advanced Micro Devices Inc:Company and Optiolabs to offer more secure computing experience.Optiolabs announces a strategic partnership with the company.As a result of the collaboration, optiolabs' privateeye will be integrated with the new amd pro a-series processor.  Full Article

Advanced Micro Devices gives Q3 2015 revenue guidance
Thursday, 16 Jul 2015 04:15pm EDT 

Advanced Micro Devices:Expects Q3 2015 revenue to increase 6 percent, plus or minus 3 percent, sequentially.Reported revenue of $942 mln in Q2 2015.Q3 2015 revenue of $1.05 billion - Thomson Reuters I/B/E/S.  Full Article

Advanced Micro Devices lowers Q2 2015 revenue guidance
Monday, 6 Jul 2015 04:15pm EDT 

Advanced Micro Devices Inc:Says revenue for Q2 2015 is expected to be lower than previously guided.Expects Q2 2015 revenue to decrease about 8 pct sequentially, compared to previous guidance of down 3 pct, plus or minus 3 pct.Sequential decrease is primarily due to weaker than expected consumer PC demand impacting company's Original Equipment Manufacturer (OEM) APU sales.  Full Article

Advanced Micro Devices gives Q2 2015 revenue guidance below analysts' estimates
Thursday, 16 Apr 2015 04:15pm EDT 

Advanced Micro Devices:Expects Q2 2015 revenue to decrease 3 percent, plus or minus 3 percent, sequentially.Reported revenue of $1.03 billion in Q1 2015.Q2 2015 revenue of $1.13 billion - Thomson Reuters I/B/E/S.  Full Article

Advanced Micro Devices must face securities fraud lawsuit - Reuters
Wednesday, 1 Apr 2015 03:20pm EDT 

Advanced Micro Devices (AMD):Must face claims that it committed securities fraud by hiding problems with the 2011 launch of a new computer processor that eventually led to a $100 mln writedown, a federal judge in Oakland, California, ruled - Reuters.U.S. District Judge said plaintiffs have supported their claims that AMD officials misled them by stating in the spring of 2011 that problems with the new processor were in the past.Lawsuit filed last year accused AMD of artificially inflating its share price by making false statements about Llano, which it had touted as 'the most impressive processor in history.Originally set for product launch in Q4 2010, sales of the Llano were delayed because of problems at AMD's chip plant.AMD officials continued to state - there were no problems with supply, concealing the fact that it was only shipping Llanos to top-tier computer manufacturers because of supply constraints.By the time AMD was ready to ramp up shipments in late 2011, demand had dwindled, leading to an inventory glut.AMD eventually disclosed in Oct. 2012 it was writing down $100 mln of Llano inventory as not salable.AMD's shares fell nearly 74 pct from a peak of $8.35 in March 2012 to a low of $2.18 in Oct. 2012 when market learned the extent of problems with Llano launch.The lawsuit seeks damages on behalf of the Arkansas Teacher Retirement System, KBC Group's KBC Asset Management and other investors who bought AMD's shares between April 2011 and Oct 2012.  Full Article

More From Around the Web

BRIEF-Advanced Micro Devices sees Q1 non-GAAP gross margin to be about 33 pct

* Advanced Micro Devices Inc - For the full year 2017, expect "to grow annual revenue, expand gross margin and deliver non-GAAP net income"