After discussing its plans, AMD also shed a little more light on last quarter's poor results. BetaNews quotes AMD President and COO Dirk Meyer as saying:
"We suffered some major growing pains," including some sticking points in relationships with new OEM customers. Second, Intel applied serious price pressures on AMD - giving it some of its own medicine from prior years - "as our competitor did everything in their power to protect their monopoly."According to Meyer, the sum of all four factors was a "perfect storm" for AMD. To get out of that storm, Meyer adds, AMD must "grow the top line, change our cost structure and align with the competitive environment, and execute flawlessly on our product and technology roadmaps."
Third, both CPU and GPU markets became more competitive - a tip of the hat to both Intel and nVidia for producing high-performing parts. Fourth, "weakening demand in the consumer electronics businesses added to our pain."