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something around (350)-(370)...
share price after announcement: 6.5-6.75 at the day end...

No way. If they announce (350)-(370) share price would be at best in the $4, if not lower.

I predict end of day trading of AMD on Friday to be in the $5 range.

Announcement is about to break!!!!

January 17 2008: 5:18 PM EST

AMD said it overpaid for ATI Technologies in 2006.

SUNNYVALE, Calif. (AP) -- Struggling chipmaker Advanced Micro Devices Inc. said Thursday its fourth-quarter net loss widened, partly due to a huge goodwill impairment charge related to its $5.6 billion acquisition of graphics chipmaker ATI Technologies Inc.

AMD posted a net loss of $1.77 billion, or $3.06 per share, compared with a loss of $576 million, or $1.08 per share, in the year-ago quarter.

In the recent quarter, the company recorded a charge of $1.61 billion for the impairment of goodwill and acquired intangible assets. AMD said in December it overpaid when it bought ATI in 2006, but it did not say just how big the charge would be.

Excluding charges of $2.89 per share, AMD would have reported a loss of 17 cents per share.

Revenue rose 9 percent to $1.77 billion from $1.63 billion.

Analysts, on average, were expecting a loss of 36 cents per share on sales of $1.79 billion, according to a poll by Thomson Financial. Analysts typically exclude one-time items from their estimates.

Still, if there's good news here, it comes from AMD's gross margins: 44 percent instead of the 41 percent expected. There's also good news, such that it is, that AMD appears to be getting its costs in line. Sort of. The company says operational losses declined to $9 million. CFO Robert Rivet says the company shipped a record number of chips in the fourth quarter, including 400,000 higher priced, higher margin quad-core chips.

After Hours: 6.60 + 0.26 (4.10%) as of 5:02PM ET on 01/17/08

There it is $0.17 loss, but lower operating losses and increased revenue.

I didn't know you can write Arabic....

Wow, that's crap. How long do they get to milk the ATI purchase as a write down? When their total write down summed together is more than what they paid, do they lose their get out of jail free card? Their write down was almost equivalent to their revenue. Sheesh.

So the company has an actual loss of 1.77 billion (more than their revenue), they miss revenue goals (like Intel did), but they must have cut costs so their gross margins went up (also similar to Intel).

Minus the tricky ATI smoke and mirrors it looks like their normal loss is $100 million. Is this really why the market is giving them a boost? I will never understand the stock market :-D

But yay for AMD almost returning to profitability.

No their normal loss is 9 million or 1.70+ billion, depending on whether your marker is operating loss or losses after asset write downs and exceptional charges. Cash in versus cash out makes -9 million. Their total revenue grew by 9%. Saying that their milking the ati takeover associated charges or using smoke and mirrors, well, accountancy is complicated and slightly beyond the mere mortal.

(below is not a comment on wolverions post btw)

The bottom line here, much to my own pleasure and personal amusement, is that AMD is turning things around, is almost at break even, and not being ruined by the troubles of phenom. This is a thumbs up to amd and one in the eye to all those self-proclaimed experts who said amd was screwed and further from recovery than ever. Just goes to show folks that the enthusiast community is not the be-all-and-end-all of a companys fortunes. AMD is coming out of its mire, the proof is in black and white, and this is with phenoms troubles, imagine what it would be like if the tlb errata never happened.

#End of smug rant#

With all due respect to my honorable coleague from the northern English wastelands where men are men and sheep are nervous, this is all fancya$$ creative acounting. Ruiz just lost $2 bil and Wall St. is trying to put a postive spin on it so that AMD doesnt pull a Quebecor World. AMD's market cap is about half what it paid for ATI.

Asset writedown my asset!

Sorry, but pulling fancy crap like that gets people jailed.



The bottom line is, AMD's bank balance only lost 9 million over the last quarter.


The rest is related to company value for talking to banks and investors.

That's Wales, not northern england

Compnay value for talking to banks? What about the working guys who got suckad in to buying AMD with their hard earned cash at $40 and are now lookin at $6? That's like me saying that my 1989 F150 should be worth the original sticker price, but it only depreceated by $9. The bottom line of a company is what you can sell it for. And my truck is worth more than AMD.

If I rip off somebody for a hundred bucks I do 3 years. Ruiz just riped off investors for about $10 billion and he's a good CEO. Jail Ruiz and throw away the key!

Let's see if I can make this Turpit-proof... here we go...

Some sheep farmers are chating. The one from East Anglia says that the best way is to put the rear legs of the sheep in your Welies and the front legs over a fence. The one from Wales concurs. The one from Yorkshire is aghast. He says it has to be the rear legs in the Welies and the front legs over your shouldres so you dont miss out on all the kissin!

That doesnt look turpit proof lol

...but yes its definately wales where the sheep have well explored orifices.

WTF?

I see their loss at around $170M which is better than expected.

This looks good on a day of heavy losses in the market:
ADV MICRO DEVICES (NYSE:AMD) Pre-Market: 6.77 0.43 (6.78%) as of 9:28AM ET on 01/18/08

But I wouldn't be to fast to jump on the AMD has bottomed bandwagon just yet.

1) The ATI write down should be over.
2) I see it as far less than they paid.
3) Their actual loss looks like around $170M for the quarter.
4) Yes I am a bit concerned they could be hiding losses as part of he write down, but what can an ordinary guy do?5) And yes Yay they appear to be on the road to profitability.

Wheres the 170million from?

In the three months ended Dec. 29 AMD had a loss of $1.77 billion, or $3.06 a share vs. a loss of $576 million, or $1.08 a share, at this time last year. The loss included $1.6 billion, or $2.89 a share, in charges to reflect impairment in the goodwill and other intangible assets related to ATI, the Canadian graphics chipmaker that AMD acquired for $5.4 billion in 2006, as well as to account for AMD's investment in flash memory firm

$1.77B - $1.6 B = $170M

oh i see

If they bought AMD at $40 a share, then they are mighty stupid.


But anyway, taking your point - I said:

Did you miss investors?

http://www.dailytech.com/AMD+Repor [...] e10387.htm


He said $9 million there - were there other write-downs outside of ATI?