Shares in computer chip maker Advanced Micro Devices (AMD) have risen nearly 12% after it announced a big rise in fourth quarter profit.
Its shares were also boosted by AMD's estimate that revenues would rise 70% during the next three months, taking market share from rival Intel.
Earlier this week Intel upset investors when its fourth-quarter sales failed to meet expectations.
Its sales rose by 6% compared to AMD's 45% rise in the same period.
Legal complaints
During 2005 Intel's shares rose about 13%, while AMD's stock more than doubled.
Last year AMD filed a lawsuit against Intel alleging that it had used its market dominance to force major customers, such as NEC, Acer and Fujitsu, into exclusive deals or to cap customer purchases of AMD chips.
The lawsuit covers x86 microprocessors, used to run server and PC operating systems, including Microsoft Windows, Solaris and Linux systems.
Record demand for its high-performance Athlon and Turion chips has helped AMD offset the losses it has been making in its memory chip business.
In the fourth-quarter AMD's microprocessor division increased profits to $287m from $90m the year before, while its memory chip losses widened to $62m.
For the three months up to 25 December, AMD's total pre-tax profit was $206m, up from $20m in the same period of 2004.
The 45% increase in revenues took them to $1.84bn
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Chip maker AMD sees strong future
Started by
Neon
, Jan 23 2006 08:08 AM
7 replies to this topic
#2
RedInferno
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Posted 23 January 2006 - 01:39 PM
LOL, this is fun to watch AMD top Intel...they went froma cheap alternative to a superior brand.
#3
Neon
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Karl
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Posted 23 January 2006 - 02:24 PM
Especially with 64bit!
#4
ShadowFox
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Posted 23 January 2006 - 06:46 PM
AMD is good no matter what it comes to... if AMD came out with a car I'd buy it that's how much I believe in the company.
#5
Neon
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Posted 24 January 2006 - 07:24 AM
but don't you think since 64bit came along AMD has been the peoples choice more and more, despite how good chips may have been in the past...?
#6
RedInferno
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Posted 24 January 2006 - 01:41 PM
Oh definitely...now AMD and Intel are planning to launch quad-core processors...and I think AMD will come out on top again...
#7
ShadowFox
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Posted 24 January 2006 - 05:54 PM
I think your right red... AMD's been gaining fast and I think it's a matter of time before we start seeing the words apple and AMD together in the same sentence LMFAO. that intel commercial kind of pissed me off though!
#8
RedInferno
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Posted 25 January 2006 - 01:53 PM
Hmm, I havent seen that one, what's it about?
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