AMD posts $1.42 billion loss on $1.16 billion revenue in Q4’2008

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AMD posts $1.42 billion loss on $1.16 billion revenue in Q4'2008

Sunnyvale (CA) – AMD reported Q4’2008 revenue of $1.162 billion, which was down 35% over Q3 and down 33% from Q4’2007. AMD reported a net loss of $1.424 billion, or $2.34 per share. For the year ended, AMD had annual revenue of $5.808 billion, with a net loss of $3.098 billion, compared to $5.858 billion in 2007 with a new loss of $3.379 billion. Quarterly revenues were down 33%.

[Question from the editor: How is this company still in business?  Seriously, if anyone knows please post a comment.]

See AMD’s press release.

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