AMD promises return to profitability in latter half of 2013

After posting its none-too-encouraging financial results yesterday, AMD held a conference call to shed some additional light on the results and to take questions from investors and analysts. In the call, AMD CEO Rory Read offered some interesting details about what’s been happening behind the scenes and what the chipmaker’s prospects look like for 2013.

According to Read, AMD is undergoing a three-phase turnaround with the aim of of returning to profitability in the second half of 2013. The turnaround, which is expected to take "several quarters," involves a "complete restructuring" of the company’s business, the delivery of a "new set of powerful products" in 2013, and the transformation of the company to "take advantage of high-growth opportunities in adjacent markets where [its intellectual property] provides a competitive advantage."

Among those "adjacent markets" are servers, semi-custom silicon, the embedded space, and ultra-low-power client offerings. (Yes, that includes hardware inside consoles like Nintendo’s new Wii U.) AMD has already scored "strong design wins" for embedded and semi-custom APUs, Read said, and products based on them are due out later this year. Overall, the company plans to derive 20% of its revenue from these adjacent markets by the fourth quarter of 2013, and it hopes the figure will eventually increase to 40-50%.

Read also addressed the concerns of some industry watchers that AMD is cutting R&D spending too deep. He noted that AMD is taking "expense management" steps throughout its entire business, and the R&D cuts involve changes to improve both efficiency and productivity. For example, the company is attempting to use fewer different process technologies and to re-use more of its intellectual property. Such steps ought to help improve yields and shorten product development cycles. Read mentioned that AMD is attempting to focus more on high-volume design wins, as well, because they’re more profitable.

Going back to last quarter, Read noted that revenue met AMD’s internal expectations, and the company successfully managed cost and kept its cash balance "above . . . minimum acceptable levels." Read went on to tout strong mobile sales—nearly a third of notebooks sold in the U.S. last quarter were purportedly "powered by AMD"—as well as "significant revenue growth" in SeaMicro servers and "record" revenue in workstation and gaming graphics. The Never Settle promotion apparently helped grow sales of high-end GPUs—and AMD has another, similar promotion planned for this quarter.

Comments closed
    • Laykun
    • 7 years ago

    Gee, AMD. What are we going to do this year?
    The same thing we do every year, Pinky. Try to return to profitability.

    • Risme
    • 7 years ago

    This is short sighted thinking of a business man, he fails to examine the problems holistically that we are facing; so it’ll fail. The equation that determines that it will fail is as follows:

    Virtually all businesses and companies have really only two objectives; to make a profit and to continue increasing those profits infinitely. Human labor is expensive, slow and inefficient compared to automation. Automation combined with the competition mechanism causes the fact that if one company automates, it will force all its competitors to automate or fail as businesses. But everyone in today’s broken system is dependent on consumption and thus the purchasing power of the majority. Increasing automation means less jobs, less jobs mean less purchasing power and less purchasing power means less consumption. So, we’re very rapidly approaching a point where the system will collapse because people don’t have the purchasing power to buy the products, no matter how cheap. This is because automation is now being installed and applied at an exponentially increasing pace.

    Here are some videos:
    [url<]http://www.cbsnews.com/video/watch/?id=50138922n[/url<] [url<]https://www.youtube.com/watch?v=Fxhej_IvoW4[/url<] For a brief presentation about the solutions - which i also advocate - that The Venus Project proposes to solve these problems, watch Paradise or Oblivion: [url<]http://www.youtube.com/watch?v=KphWsnhZ4Ag[/url<] and visit our website [url<]http://www.thevenusproject.com[/url<]

      • Spunjji
      • 7 years ago

      How bewilderingly off-topic. Thanks for that..?

        • Risme
        • 7 years ago

        Perhaps if you explained what you feel is off-topic in what i wrote, i could explain to you why what i wrote is very closely related to the contents of this news post.

          • clone
          • 7 years ago

          while I agree with everything you said I’m not sure it is on topic regarding AMD’s restructuring plans.

          1st AMD is going to consolidate it’s manufacturing.
          2nd AMD is moving away from it’s dependency on desktop revenue while redoubling it’s efforts in server and mobile.
          3rd AMD is going to move or strengthen it’s position in currently fragmented markets where it see’s opportunities it can exploit.

          what your post covers is the inherrent failings of automation and modernization in the workplace and how those effects are not being offset by the introduction of new markets.

          great examples of this are the auto industry vs the tech industry one is labor intensive the other considers it anathema while both work to reduce labor’s presence.

            • Risme
            • 7 years ago

            Any amount of restructuring will be incapable of addressing the problem that the majority of the population will eventually have insufficient or no purchasing power caused by lack of jobs due to automation, that was my point. The notion that a restructuring of one company – or any company for that matter – can solve these problems caused by the inherent mechanisms of this system is erroneous and short sighted.

            This is a global systems crisis we are facing, not a large scale debt crisis or anything like that.

            • clone
            • 7 years ago

            I understand your point and as was mentioned previously by another your point doesn’t have much to do with AMD.

            • Risme
            • 7 years ago

            Another thing is, that even if AMD goes through restructuring, they have burned through far too much cash and more importantly lost too much talent in order for the restructuring to have any meaningful long term effect. It seems to me that intel is also too far ahead in terms of technology and performance, especially in the server space.

            • clone
            • 7 years ago

            AMD didn’t burn through too much cash nor is it a certainty that they lost the talent they needed, they may have gotten rid of talent they will no longer be using as they transition away from desktop and an X86 desktop/server only focus.

            do you keep an auto mechanic employed to handle computer sales? no, you hire a salesman, do you keep a gift card salesman onboard to work on cars? no you hire an auto mechanic….. transitioning to new markets.

            beyond that you can’t keep 15,000 ppl employed when you can only afford to pay 5000 longterm, by your measure every company in the tech industry that doesn’t employ 90,000 ppl like Intel does may as well give up and walk away, Apple may as well have shuttered the doors and turned off the lights when they only had 4% of the market.

            • Risme
            • 7 years ago

            You’re misinterpreting what i wrote, i’ll see if i have the time to answer back tomorrow, but now i’m going to sleep.

            EDIT: After considering what you folks wrote i think it’s just best if we conclude that we disagree and leave it at that.

            • clone
            • 7 years ago

            I’m not misinterpreting what you wrote, your comment was neither ambiguous nor enigmatic.

            amongst the off topic their was a hint of trying to blame the overall market for the situation but that ignored all of the opportunities AMD has to return to profitability.

    • Chrispy_
    • 7 years ago

    Does AMD have any plans for a CPU architecture to surpass Steamroller/Piledriver? The APU range is good but the IGP advantage is only worth taking if the CPU disadvantage isn’t too severe;

    Piledriver looks like it’s going to have no chance against Haswell, and new architectures are multi-year developments.

      • maxxcool
      • 7 years ago

      If leaked roadmaps and off the cuff remarks from their own Veeps are to be believed.. no. no new cpu tech until 2014+.

      • jazper
      • 7 years ago

      From what I’ve seen so far, Haswell is “only” a 8-10% increase in cpu power over IB, and is about 100% more powerful in terms of graphics. This is the same difference in power that IB has over SB.

      The big plus about IB and Haswell is power consumption vs processing power

      I would not be surprised that if AMD tweak their instruction scheduler for the next “chip” series, that they could make 15-20% gains in IPC (in line with hyperthreading) and catch up to Haswell.

        • Chrispy_
        • 7 years ago

        So:

        No new CPU tech from AMD until 2014, maybe.

        HD4000 is already faster than the 192-shader Trinity IGP’s. You need at least an A8 or an A10 to get the IGP advantage.

        If Haswell is coming out in a few months and offers 100% more IGP performance, the A8 and the A10 are going to look like a bad choice. The Haswell demos so far seem to indicate that the IGP improvement is not mythical, though I’ll reserve judgement until some real benchmarks appear.

          • clone
          • 7 years ago

          read the article again, AMD is leaving Haswell’s market, Trinity is vapor to them and will be dumped eventually.

          [quote<]Among those "adjacent markets" are servers, semi-custom silicon, the embedded space, and ultra-low-power client offerings. (Yes, that includes hardware inside consoles like Nintendo's new Wii U.) AMD has already scored "strong design wins" for embedded and semi-custom APUs, Read said, and products based on them are due out later this year. Overall, the company plans to derive 20% of its revenue from these adjacent markets by the fourth quarter of 2013, and it hopes the figure will eventually increase to 40-50%.[/quote<] on the opposite side Haswell may be the last OOD centric cpu from Intel unless the market changes, the last and best horsewhip in a market that is replacing the horse with virtual ones.

    • danny e.
    • 7 years ago

    Promises, Promises. On the plus side, AMD is much more likely to keep their promise than the little O is of making everyone safe by attempting to limit the firepower of the law-abiding.

      • maxxcool
      • 7 years ago

      Fail troll failed ? o.0 ?

        • derFunkenstein
        • 7 years ago

        Based on the minus count I’d call that success.

      • Spunjji
      • 7 years ago

      Grrr OBAMA RAWR GRRR guns.

      I cans be troll too?

    • Silus
    • 7 years ago

    How can anyone promise profitability, especially if they are a CEO of a company that has so much competition and has many, many problems ?
    It’s not like AMD can determine all the variables or somehow know that their competitors are going to fail, so how does that work ?

    It’s just a way to spin bad news and to wish for better days, which is surely what everyone at AMD hopes for. But going as far as promising, is quite silly.

    • maxxcool
    • 7 years ago

    And you know what … rant part 2. that photo attached to the article makes me want to punch him in the johny.

    that smile it like hes saying “I get 20 million in options, cash and a new job else where with a signing bonus even if AMD tanks”

    ugh…

      • NeelyCam
      • 7 years ago

      Don’t forget the golden parachute

        • maxxcool
        • 7 years ago

        Should have been a no talent exec…. damn work ethics and conscience ..

          • dpaus
          • 7 years ago

          I just crossed your name off my Christmas card list.

            • maxxcool
            • 7 years ago

            awwww 🙂 That’s ok I have enough towels and really bad company logo’d t-shirts from my own sweat-shop 🙂

    • maxxcool
    • 7 years ago

    I understand ‘spin’ and the need to ‘spin’ bad news or new that is not appealing to investors… but this is just to much.

    “Return to profitability” are you kidding me ? like there is a choice ? “You know we need more Red on the books… yup that’s it”

    Of course you plan on returning to operating in the black that’s the whole goal of any business you monkey molesting litter chewing idiots. Its like someone says “We plan on taking a breath in the next 2 minutes” or “We will eat lunch as soon as possible…”….

    and these are the people they KEEP HIRING OVER ENGINEERS !?

    just shameful…

    that is the stupidest blurb from their marketing since seeing all the “8 core” banners on every tech site known to god…

    For the love of god fire the management team and use the savings to hire the Israeli tech firm that intel tapped to make the 1st Core-Banias family and get back in the damn game..

      • NeelyCam
      • 7 years ago

      I for one believe that this “profitable in H2/2013” statement is solid. Looking at the financials, they are almost there, and unless recession goes into overdrive, Q4/2013 will show profit. Even the FY2013 might end up profitable.

        • maxxcool
        • 7 years ago

        Well I hope so, Intel needs a desktop competitor.

    • spigzone
    • 7 years ago

    Lot of synergies at work here. I suspect Kaveri will punch well above it’s weight in on games, particularly next gen games.

    I suspect the APU coming after Kaveri will be a gaming monster Intel cannot compete with.

      • NeelyCam
      • 7 years ago

      No APU is a “gaming monster”, period.

        • shaq_mobile
        • 7 years ago

        I beg to differ. You should see Sim City 2000 on my parents Llano.

          • NeelyCam
          • 7 years ago

          I play Scorched Earth on my SB rig, and the graphics are so fast I don’t even see the bullets – all I see is a big moat where the enemy tank used to be

            • shaq_mobile
            • 7 years ago

            LOL. I love it when games do that. Ever tried old C&C games on your new machine?

            • NeelyCam
            • 7 years ago

            Maybe I should..

            I think I have a copy of Tribes somewhere… I wonder how that would look like. Two months ago I tried Populous (from GoG) – it was just horrible. Almost made me wanna try Ultima IV

            • Rakhmaninov3
            • 7 years ago

            I remember Scorched Earth! Awesome game. Played on my 486

        • dpaus
        • 7 years ago

        Today, maybe. But look at how far APUs have come in less than 24 months, look at the building blocks AMD has to work with, remember your ill-considered Medfield bet, and then look me in the eye and say you’re willing to go double-or-nothing that an APU won’t be able to play all but the most-recent game titles in another 24 months.

        Don’t panic; I’m not letting you off the wing-shaped hook on your current bet.

          • chuckula
          • 7 years ago

          I’m inclined to lean in your favor for your bet, but part of why you’ll win has more to do with the stagnation & consolization of games than with amazing leaps in APU hardware (they are getting better, but not miraculously better).

          • NeelyCam
          • 7 years ago

          [quote<]remember your ill-considered [b<]Medfield[/b<] bet, [/quote<] Oh, great! That must mean that you accepted my bet revision request! Good - now we don't need to focus on particular nodes anymore, just on market share. So, if Intel has 10% of the smartphone market (any chip qualifies, not just the 22nm ones) at the end of December 2013, I win. And 30% at the end of December 2014 (again, any chip qualifies, not just 14/15nm). Happy day - now the bet became interesting again.

    • superjawes
    • 7 years ago

    Well it sounds like they’ve got the right idea by focusing on their more valuable markets. Snagging the console chips should guarantee some income so long as said consoles sell (and they likely will considering we’ve been with them for 7+ years), the mobile market is probably going to see the most growth, and with the exception of a couple driver hiccups, their GPU business is still very strong.

    We’ll still have to wait six months to see what E3 and the 8xxx series have to offer, but I think they’re on the right track.

    • dpaus
    • 7 years ago

    Well, he’s not about to get on a conference call with analysts and say “Our going-forward strategy is to do exactly the same thing, so we can guarantee to continue to lose money hand-over-fist.”

    Having said that, he is doing all the right things, and we are starting to see some of the results, and they are positive. He’s had to cut staff dramatically, and that was very painful, but absolutely required. He has successfully changed the company’s direction toward highly-integrated, very-low-power devices, which – as best as the tea leaves can be read – seems to be what’s required for the future. And he appears to be positioning the company to leverage the strengths they do have, especially the graphics division. And frankly, the SeaMicro acquisition was brilliant and a significant coup for them.

    Personally, I’m looking forward to seeing what they can do with the combination of a low-power GCN architecture in a SeaMicro fabric.

    The stock is neutral at opening today, but – significantly – it was up yesterday, despite the news of a huge operating loss. Clearly, the market sees something that a lot of us here are missing.

    • flip-mode
    • 7 years ago

    For all the people attacking/questioning Rory (many of you, I think):

    Do any of you really know anything about the guy? I don’t, but I have to think that the AMD board of directors even gets lucky once in a while, and after Hector and Dirk, maybe Rory’s going to do some good. Besides just getting lucky, the board seems to have chosen someone with some actual credentials this time around, which Dirk seemed to lack.

    I’d just like to know the basis of some of the words that are said against Rory, if there is any.

      • ronch
      • 7 years ago

      Dirk did have credentials, and is in fact a top-notch engineer having co-designed the Alpha chips and led the Athlon’s development. I don’t think he’s up for the CEO job, though.

        • flip-mode
        • 7 years ago

        Yes, I was speaking only of CEO / Executive credentials.

      • ronch
      • 7 years ago

      I believe Rory is very smart. It’s just that I also believe that AMD is simply a very difficult company to be the CEO of. Put Paul Otellini in as AMD CEO and I’m sure he wouldn’t have done much better either. I hope Rory does turn AMD around though. No doubt books will be written about it if it happens.

        • flip-mode
        • 7 years ago

        Sure, I’m just wondering if any of the snipers have any solid justification for the sniping, other than “look at his picture!”

          • ronch
          • 7 years ago

          Well, imagine how fun those people are in real life! //sarcasm

      • maxxcool
      • 7 years ago

      Well see. but since they plan on firing another 500 engineers and hiring more managers… I have doubts…

        • shaq_mobile
        • 7 years ago

        It’s usually a good idea to fire people who do the actual work and hire more middlemen. When it comes time to deliver a product, having highly vertical management structures is a great way to guarantee success.

          • maxxcool
          • 7 years ago

          🙂

        • maxxcool
        • 7 years ago

        lol! downvoted for a fact… lammeo h8rs fanbois…

    • chuckula
    • 7 years ago

    THE FUTURE WILL BE BETTER TOMORROW!
    — [s<]Dan Quayle[/s<] Rory Read

    • Alexko
    • 7 years ago

    “Overall, the company plans to derive 20% of its revenue from these adjacent markets by the fourth quarter of 2013, and it hopes the figure will eventually increase to 40-50%.”

    Let’s hope the increase in percentage of revenue means that these “adjacent markets” will bring in more money, not that everything else will bring in less.

    • GTX1924
    • 7 years ago

    This Rory guy looks like a wimp. Put him in a cage match against Jen Hsun Hui and he will get his ass kicked

      • kristi_johnny
      • 7 years ago

      He looks like he barely graduated high school. I don’t know how he became AMD’s CEO. Let’s hope he is more capable than he looks.

        • HTarlek
        • 7 years ago

        And yet, like some others here have said, he seems to be doing all the right things. Must’ve been a pretty good high school.

        • ronch
        • 7 years ago

        [url<]http://www.amd.com/us/aboutamd/corporate-information/executives/Pages/rory-read.aspx[/url<] I'm sure he's smarter than you, though.

      • WhatMeWorry
      • 7 years ago

      He looks like a Mormon missionary. He probably doesn’t go out drinking and whoring til 4:00 am. Probably works 6 days a week and is at church on the 7th. I’d trust him with my investment money.

      Leave the other stuff to people like me..

        • Srsly_Bro
        • 7 years ago

        I live in Utah, and he looks like he’s from the south. The missionaries have a distinct look, but that’s not it.

      • NeelyCam
      • 7 years ago

      I’m not sure why you got downthumbed for a factual statement. Was it because you misspelled the name..?

      EDIT: I wasn’t talking about the wimp comment.. I was referring to JHH kicking is ass. Have you seen JHH? The guy is ripped!

        • maxxcool
        • 7 years ago

        People have no sense of humor when fanboisim rears its head… :/

      • maxxcool
      • 7 years ago

      /celebrity death match!

      “I’ll allow it!”

    • beck2448
    • 7 years ago

    They’ve been saying that for years.

      • GeneS
      • 7 years ago

      And for the last few years, they have delivered.

    • Tristan
    • 7 years ago

    AMD = later

    • ronch
    • 7 years ago

    I have a funny hunch part of Rory’s confidence to get back in the black this year has something to do with the rumors about PS4 using AMD CPUs, not just GPUs. If true, I suppose that’s a huge win for AMD, more for gaining mind share than market share, as the Playstation platform and Sony in general are more widely accepted brands, and having AMD inside them sort of gives AMD some bragging rights. Of course, Sony has long had AMD-powered notebooks but those are usually using low end Bobcat chips. Here’s hoping the rumors are true. I mean, Bulldozer/Piledriver powering PS4? Very interesting.

      • Narishma
      • 7 years ago

      It’s an 8 core Jaguar, not Piledriver, that’s in the PS4 (and the next Xbox as well) according to rumours.

        • ronch
        • 7 years ago

        I stand corrected, if those 8-core Jaguar rumors are true. Still very interesting.

          • RDFSteve
          • 7 years ago

          If they’re true, it’s a very interesting statement on the future of multi-threading in games.

      • Ratchet
      • 7 years ago

      I think it’s pretty obvious that he’s hoping the PS4, Next Xbox, and (remember) Wii U will all put them in the black this year. Being in all 3 major consoles sure doesn’t hurt the bottom line.

        • HisDivineOrder
        • 7 years ago

        Being in 3 out of 4 major consoles currently is not really helping the bottom line, either. Not sure how being in 5 of 6 will make very much difference.

      • NeelyCam
      • 7 years ago

      [quote<] I mean, Bulldozer/Piledriver powering PS4?[/quote<] I sure hope not.. the worst thing about PS3 is the fan noise, and I don't want it to get worse

    • albundy
    • 7 years ago

    word. they need to get thei $hit straight, period. their only competition is intel, and they were able to compete against them aggressively in the past. their top of the line cpu shouldn’t be at the same price point as intel’s offerings, it should be half that and that was their cornerstone in the past. nowadays, i am having a hard time considering an 8 core fx 8350 for $200 when intel more powerful / less power consuming offering of a 3770k i7 can be had for $230. did their purchase of ati get into their heads?

      • tbone8ty
      • 7 years ago

      I think u mean the i5 3570k. Their purchase of ati is the only thing keeping their ship float. 8350 does very well for being at 32nm and what its designed for multithreaded tasks.

        • albundy
        • 7 years ago

        nope, I dont think I do. seriously, why wouldn’t i go for better performance for an extra $30?

        [url<]http://www.microcenter.com/product/388575/Core_i7_3770K_35GHz_LGA_1155_Processor[/url<]

      • NeelyCam
      • 7 years ago

      Dodging the word filter with the s-word..? Bad Al, bad Al!

        • albundy
        • 7 years ago

        $hit, your right! Cant believe I missed that!

      • ronch
      • 7 years ago

      Except in the past, it’s easier when R&D costs were most probably lower, Intel’s prices are far more expensive, and so it’s easier to sell your stuff for half of what Intel charges. Today, inversely, R&D costs are far more expensive because processors have become far more complex, Intel is squeezing AMD down the price ladder, and there are many other computing platform alternatives (think ARM) that erode PC sales and nibbling at the low end or providing PC alternatives.

      In the past, one reason they may have competed more effectively with Intel is because Intel shot themselves in the foot with the P4. After that AMD was never really able to clearly reclaim the performance crown. Plus, you forgot one thing when you said their only competition is Intel: AMD is the last man standing. No other company has managed to compete with Intel this effectively and this long. All the others, Cyrix for example, have either exited the x86 industry and/or folded and sold off their IP even before the original Athlon came out. As they folded/exited, AMD was surging with their K7. That has to count for something.

        • ludi
        • 7 years ago

        Equally to the point, AMD’s most successful R&D has always built on cloned or acquired designs:

        1) Up through the 5×86 they mostly cloned and improved Intel IP

        2) The K5 was an in-house design and it was too hot and too late by the time it came out

        3) The successful K6/K6-2 was built on the (acquired) Nexgen CPU core

        4) The successful K7 line was built on a lot of (acquired) Alpha IP

        5) The first in-house K8 project got shelved, the second in-house K8 arrived too slow and too late

        6) The Fusion cores built heavily on (acquired) ATi IP

        AMD has always been excellent at expanding and reconfiguring acquired IP, but not so good at starting projects from scratch.

          • ronch
          • 7 years ago

          I noticed that too. Plus, they relied and stuck too long on the original K7 microarchitecture up until Bulldozer, which is also an in-house design and didn’t exactly blow Intel out of the water.

        • Deanjo
        • 7 years ago

        The Cyrix line is now VIA’s line of processors. Still you can’t expect competitors when intel yanked the rug out from their competitors feet by not licensing out their newer technologies. If itanium would have taken off there is a good chance that AMD would be in the same boat as Cyrix.

      • maxxcool
      • 7 years ago

      agree. If it don’t need to OC’ed, it will be Intel every time.

    • Bensam123
    • 7 years ago

    Well at least it seems like they have a strong sense of direction, especially when they’re predicting heavy losses and taking them into account.

      • ronch
      • 7 years ago

      IMO, they’ve lost their direction the moment Jerry stepped down and Hector took over. Hector took everyone at the company to the beach while Intel worked on Conroe. Dirk wasn’t much better either. Now Rory has a lot of fixing to do. Let’s all hope he knows what he’s doing.

    • tbone8ty
    • 7 years ago

    Never Settle 2 free game bundle includes…Tomb Raider, Bioshock Infinite, DMC, and Aliens: Colonial Marines

    along with something else and its not the OEM version 😉

      • Srsly_Bro
      • 7 years ago

      I haven’t even installed Sleeping Dogs nor have I contacted AMD about my faulty FC3 key. Hitman was the best game in the bundle for me.

    • ronch
    • 7 years ago

    It’s good to see AMD diversify this much. If rumors are true about PS4 using AMD’s Fusion chips, then they’ve truly come a long way from merely being a producer of Intel clones. I guess diversification into adjacent markets is the natural path of evolution for them.

    Long gone are the days when AMD was just a SECOND source supplier of x86 chips.

      • shank15217
      • 7 years ago

      They havent made intel clones for the last 14 years

        • ronch
        • 7 years ago

        Why 14 years? Their last Intel clone was their 5×86, which was just a fast 486 Intel clone. K5 came out 1996, I think, which was their first in-house design.

          • auxy
          • 7 years ago

          K5 was only barely an in-house design, too; it was derived from work on the NexGen Nx586, which AMD bought.

            • ronch
            • 7 years ago

            Nope. K5 was a completely in-house design based on AMD’s Am29000-series of RISC processors, which were very popular in the late 80’s to early 90’s for use in things such as printers, etc. K5 had nothing to do with Nexgen. In fact, work on the K5 started in 1991 or 1992 (according to what I read in PC Magazine back then). Nexgen was acquired only in 1996. K5 started selling in 1995, one year after the NexGen Nx586 came out. You must be referring to the [b<]Nx686[/b<], which was bought by AMD with their NexGen purchase in 1996, renamed as the AMD K6, and modified to fit Socket 7 and include an FPU. The original Nx686 didn't contain an FPU.

    • ronch
    • 7 years ago

    This is not the FIRST time AMD made promises to return to profitability.

      • Deanjo
      • 7 years ago

      Ya, they seem to have made that promise every quarterly report since about 2007.

      • shank15217
      • 7 years ago

      yea and they have been profitable in the very near past so whats your point? They are just trying to survive a transition to a very different market. Intel also faces this except it has a lot more money to make the change.

        • ronch
        • 7 years ago

        My point is, we TR readers/commenters are playing a little game here. If you still don’t get it, look around.

      • Srsly_Bro
      • 7 years ago

      You can do better than that…..

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