Battered But Unbowed: AMD Reports Q2 Earnings

AMD announced its Q2 2009 results (PDF) today with figures that dashed any hope that the company might have found a rabbit hiding in its hat. AMD reported a loss of 49 cents a share ($330 million), after including some $86 million in revenue the company made selling inventory it wrote off back in the fourth quarter of 2008. Sales were down 13 percent year-on-year, but the microprocessor manufacturer designer managed to trim both its operating loss (down $49 million compared to Q1, to $249 million) and its net

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