Advanced Micro Devices has written down another $880 million from their goodwill and intangible assets in the recently ended quarter quarter, the company said in a statement with Securities and Exchange Commission. The firm said that its handheld and DTV businesses were not demonstrating expected financial results.
After performing an interim impairment analysis of its goodwill and intangible assets associated with its handheld and DTV reporting units of the Consumer Electronics segment that it acquired from ATI Technologies, the company concluded that the current carrying value of the goodwill and intangible assets associated with these reporting units was impaired.
AMD’s estimate is that the goodwill and intangible asset impairment charges will be approximately $880 million. These impairment charges will be recorded in the company’s consolidated financial statements as of and for the fiscal quarter ended June 28, 2008
The world’s second largest maker of x86 central processing units undertook the analysis because the reporting units have not performed in accordance with the company’s expectations and as part of the company’s strategy of evaluating the viability of its non-core businesses. According to some estimates, under AMD management the consumer electronics division lost 40% compared to the time when it was managed by ATI Technologies.
Comments currently:
11
Discussion started: 07/12/08 10:00:03 PM
Latest comment: 07/27/08 11:57:09 AM
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1.
So What now ? they will sale it ??
I just don't understand, if it lost 40% under AMD's management then there's problems in the AMD management not in this bussiness, it was playing very well before AMD, so if there's something wrong it will be in the management...
It's too late now to return the old management as AMD can't afford or risk another loss more than what they already have !!
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Posted by: Xajel
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Date: 07/12/08 10:00:04 PM]
2.
Whatelse is new about AMD these days?!? another phenominal Failure!!!
[
Posted by: Zz
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Date: 07/12/08 11:27:24 PM]
3.
The recently ended quarter quarter?
Is that like the sixteenth?
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Posted by: Johnson
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Date: 07/13/08 03:39:58 AM]
4.
Let's do a count of how many times you said 'goodwill and intangible assets' and how many times you said 'impair', 'impaired' or 'impairment'.
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Posted by: XBomb
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Date: 07/13/08 03:46:00 AM]
5.
As of late AMD is EXECUTING in the consumer side of things. The HD 4000 series is simply amazing. They just need to keep that up with the SB750 release and 45nm Deneb and they can claw themselves out of oblivion.
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Posted by: Wingless
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Date: 07/13/08 08:20:05 AM]
6.
I'm surprised Intel doesn't just buy AMD. The entire company is worth less than $3 billion U.S. total.
Intel must believe that AMD is not even worth $3 billion.
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Posted by: EndPCNoise
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Date: 07/13/08 07:16:10 PM]
+ expand thread (3 answers)
- collapse thread
Not happening. FTC won't let it happen because it would create a monopoly for x86 processors.
nV or IBM won't get them either. Something about cross licensing between AMD & Intel would be gone if AMD got bought.
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Posted by: cheeseman
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Date: 07/13/08 11:46:49 PM]
Some govt. sponsored Chinese company will buy AMD for the useful technological advancement on the cheap. Then China will pump out cheap x86 quad cores so fast it will make Intel's head spin. Intel won't be able to compete with China's cheap, mass produced chips.
and the outsourcing beat goes on...
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Posted by: EndPCNoise
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Date: 07/15/08 07:02:10 PM]
IBM already has an x86 licence.. so if they bught AMD even den AMD will be able 2 make x86 chips as a part of IBM....
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Posted by: nick
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Date: 07/27/08 11:57:09 AM]
7.
This is ALWAYS GOOD NEWS!
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Posted by: S
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Date: 07/13/08 10:13:07 PM]
8.
It's going down!
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Posted by: jj
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Date: 07/14/08 10:28:57 AM]
[1-8]
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