| AMD to announces BIG Shakeups and take $900M in debt charges |
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Posted by Winston Chim
on Monday, 14 July 2008. 16:32 GMT
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Just when AMD/ATI was making some gound ... along comes some unexpected charges for debts owed :| Dailytech "AMD struggles in a number of markets. In the graphics world, Advanced Micro Devices (AMD) has managed a surprising turnaround with the release of its 4000 series of graphics cards, which dollar-for-dollar outperform NVIDIA's offerings. If early reviews are to be believed, AMD will soon negate the last victory that NVIDIA could claim -- highest performance, regardless of price -- with the release of the 4870 X2, which trounced NVIDIA's high-end 280 cards in early testing.
Despite this success and boosted sales, AMD is still struggling heavily financially. The acquisition of ATI, while finally becoming a success, was a costly one. This is reflected in its predictions for its second quarter financial results, which will be announced July 17. AMD is expected to take over $900M USD in charges to cover its deep debt. |
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