• Reduce global headcount by 7 percent, largely expected to be completed by the end of Q4 2014;
• For Q4 2014, AMD expects revenue to decrease 13 percent, plus or minus 3 percent, sequentially.

Great, AMD! Keep doing this and shortly you will declare bankruptcy which actually won't be a so bad thing, honestly. :laugh:

"For Q4 2014, AMD expects revenue to decrease 13 percent, plus or minus 3 percent, sequentially."

I guess the worst part was left for last. I bet GTX970 had something to do with this one.

It ain't like they want to let people go but all corporations need to adjust head count periodically. Obviously they are doing what they believe is best to grow the company and deliver the products their customers desire.

For the record the naysayers have been claiming AMD was going out of business for the past 35+ years and they still continue to deliver some of the best PC products in the industry and move forward on new technology so I wouldn't be too concerned about them going bankrupt or bust any time soon.

Those who desire to see AMD proper and deliver more enthusiast products would be smart to vote with their wallet. The last thing most consumers would want is a reincarnation of the bad old Intel days when they were the only CPU choice and you paid a $1000 for a P90 CPU. Competition is what has lowered PC component costs and driven better engineering and products. You can vote with your purchases for AMD or the other guys who have been convicted for screwing consumers and AMD. It ain't a difficult decision if you have a moral compass.

I support plenty of charities thanks, I don't feel like adding AMD to that list.

If AMD want to give away their technology for peanuts that is their problem.

The biggest way this will change is when more OEMs start carrying their products. It has been years in the work to make APUs something decent and the mobile market is starting to appreciate it. It's going to come down to how available products with their chips are and especially if they can get some tablets to have it.

The GPU segment is fine and will start showing with the fact consoles have them inside and their recent attempts at listening have really brought them to a better view and standing. They have made mistakes but if anything it seems they are on the right path and are playing their cards a little better than the last few years.

People said the same thing about Apple and Apple was in a much worse position.

JorgeObviously they are doing what they believe is best to grow the company and deliver the products their customers desire.

They are cutting workforce to decrease short term expenditure and lighten the debt burden. You can't sugarcoat AMD's continual downsizing as anything else.

JorgeFor the record the naysayers have been claiming AMD was going out of business for the past 35+ years and they still continue to deliver some of the best PC products in the industry and move forward on new technology so I wouldn't be too concerned about them going bankrupt or bust any time soon.

They won't go under. The x86 / x86-64 IP cross licence with Intel will keep them afloat and largely autonomous. They probably can't be subsumed by another company without licensing issues, and thanks to IP their actual value exceeds their book (market cap) value in any case.

JorgeThose who desire to see AMD proper and deliver more enthusiast products would be smart to vote with their wallet. The last thing most consumers would want is a reincarnation of the bad old Intel days when they were the only CPU choice and you paid a $1000 for a P90 CPU

That's just plain FUD, and easily disproved FUD at that. Intel haven't had a competitor in the HEDT market for years, yet:

5960X ($999)........4960X ($990)......3960X ($999)......965XE ($999).....QX9770 ($1399)
5930K ($583)........4930K ($555)......3930K ($583)......940 ($562).....Q9550 ($530)
5820K ($389)........4820K ($310)......3820K ($294)......920 ($284).....Q9450 ($316)

Intel don't price according to what AMD is doing - never really have. If anything, the reverse is true. When AMD had a truly competitive architecture with no proviso's, their pricing reflected that (remember the days of $1K K8's ? )

On a side note. this result answers why AMD's directors have been selling their shares in such large quantities for the last few weeks.

Sony Xperia S

• Reduce global headcount by 7 percent, largely expected to be completed by the end of Q4 2014;
• For Q4 2014, AMD expects revenue to decrease 13 percent, plus or minus 3 percent, sequentially.

Great, AMD! Keep doing this and shortly you will declare bankruptcy which actually won't be a so bad thing, honestly. :laugh:

Then you'll be able to "enjoy" your GeForce GTX 960 for 700 EUR... When will people get it that one company out of two going bankrupt is never a good thing...

RejZoRThen you'll be able to "enjoy" your GeForce GTX 960 for 700 EUR... When will people get it that one company out of two going bankrupt is never a good thing...

Don't worry, AMD currently have a monopoly on the console market and it makes them loads of money apparently.

Sony Xperia S

• Reduce global headcount by 7 percent, largely expected to be completed by the end of Q4 2014;
• For Q4 2014, AMD expects revenue to decrease 13 percent, plus or minus 3 percent, sequentially.

Great, AMD! Keep doing this and shortly you will declare bankruptcy which actually won't be a so bad thing, honestly. :laugh:

WHAT! o_O

Guess what happens when there is no competition, intel products dont get any better, they keep on shoveling the same old shit to us same with nvidia, so keep on hoping that happens because guess what you wont be able to afford intels crappy celeron/pentium at 500 dollars or nvidias 1020 gt at that price either 800u

Sony Xperia S

• Reduce global headcount by 7 percent, largely expected to be completed by the end of Q4 2014;
• For Q4 2014, AMD expects revenue to decrease 13 percent, plus or minus 3 percent, sequentially.

Great, AMD! Keep doing this and shortly you will declare bankruptcy which actually won't be a so bad thing, honestly. :laugh:

As expected, continue to trim any fat, make up cash where possible, and keep overhead low.


AMD needs cash to continue their R&D for years to come, unless they get a big breakthrough in process changes from their former foundry or they manage to beg Intel or some other place for some space they and we are at an impasse, AMD will not provide the CPU competition to Intel to push for better faster processors, Nvidia and AMD will be deadlocked in the 6month to a year cycle of who can make the most of a older process.


So in short, we the customers are the ones getting screwed.

Look the nz chef is here

Meyer gone for losing the mobile market and approving a really bad design like Bulldozer. Meyer gone because AMD become NON competitive in the cpu market.

I think Rory gone early because of Maxwell. It seems that Rory cut so much from R&D to maintain profitability, never expecting Nvidia's 900 series at the same nanometers and at that aggressive pricing, that the board felt they where going to suffer a second bulldozer in the GPU market, if they continue his plan. Most people where expecting Read for one or two years more on the helm.

You have to be pretty "genius" to not care if AMD goes under... Or just plain rich.
But they probably wont, x86-64 license (this is funny thing, both Intel and AMD are dependant on each other on this one), dominance for few years on the console market, plus, IIRC, some antimonopoly laws will keep them up.
I still want my next PC in few years to have AMD CPU...

You have to question AMD business practices. For a company with the GPU chip in the only two modern gaming consoles and currently the best integrated gfx solution, how can their finances be so bad?
So they don't compete on HEDT but they do have a CPU solution and their GPU solutions have been competent, if not brilliant (5870, 7970, 290x). Being 2nd to Intel or Nvidia in performance doesn't need to mean a loss making business.

SteevoAs expected, continue to trim any fat, make up cash where possible, and keep overhead low.

Nvidia and AMD will be deadlocked in the 6month to a year cycle of who can make the most of a older process.

So in short, we the customers are the ones getting screwed.

Except all signs point to next year (February?) for a GM204 competitor...and that is in current guise. What is to stop nvidia from pulling a 700 series-like redux at that point? This is clearly something in their back pocket given the current tdp limitations and hardcore lockdown within the design. Also, big Maxwell (If I had to guess, maybe something like 24SMM capable of 1200-1400mhz); What can AMD even do against something like that? Without a newer design philosophy (like nvidia's unique cache/sfu structure) they can't.

I really want to be optimistic, I truly do, but I still think the next product from AMD will be something like 3840sp. It doesn't matter if that's the rumored 500mm+ design or they are using 20nm. That could be ~1ghz/7ghz GDDR5/512-bit, and/or a smaller process and up to ~1200mhz or so with 4xHBM, but either way...when your competitor is essentially already doing 2560sp @ 1500mhz (equivalent to 3840 @ 1ghz) now, and your future unreleased product looks to be using a water-cooler at stock when the competition has headroom and is currently under 225w...these are not good signs. They. Just. Are. Not.

Even past that, it's clear nvidia is waiting until HBM-like stacks are above 1GB (Hynix roadmap pins that as a couple years from now), as that makes sense. If a chip is strong-enough to support a resolution where it will use a large buffer, or trying to reach some kind of parity/scalability to the 8GB in consoles, HBM is not where it's at currently, and probably why nvidia delayed that design. It would be better to build adequet cache into your die and use a larger gddr5 buffer. Nvidia is seemingly doing that. AMD looks to be taking advantage of HBM for bandwidth, seemingly out of necessity for their unit structure, but that will limit their buffer size. It is not encouraging...

It hurts me to say these things, because how I feel about amd/ati is the way many people do; I have a strong attachment to their former engineering prowess, underdog status, value-oriented designs, and open-engineer/software mentality...but they're simply in a bad, bad place. The people I respected and largely impacted their former products, like Eric Demers, are gone. They very apparently now outsource their designs to Synapse, and that obviously is/was a gigantic fuck-up. You can call it financially necessary, but the reality is it's just not good-enough. Their innovation has largely died, and the coasting has been evident. If this is a disconnect because of new management, I don't know, but it is the reality.

Don't get me wrong, I don't like nvidia, not one bit, but AMD (and ATi) has come so far from the company(s) we once knew, nvidia actually has done enough to convince me it isn't worth waiting for them to come around in the short term, and that's saying a lot. They (AMD) may conceivably still do that, and surely will slot themselves in with new products (realistically a product like I mentioned earlier could do just that above 980), but with the current leadership lacking attachment to the former greatness, lack of former engineers pushing for radical changes, and all their other problems, it probably won't be soon. I applaud their steps in Mantle, Freesync, and the rest...but they need the R&D (and related brain-trust) in core products to back it up, and I'm just not seeing it.

AMD's problem is CEOs is too much greedy.

The salary for its new chief executive officer, Lisa Su, will be $850,000 — less than the $1 million that outgoing CEO Rory Read used to make.

RejZoRThen you'll be able to "enjoy" your GeForce GTX 960 for 700 EUR... When will people get it that one company out of two going bankrupt is never a good thing...

First AMD must bankrupt, only then we could confirm or deny your prognosis.

eidairaman1Guess what happens when there is no competition, intel products dont get any better, they keep on shoveling the same old shit to us same with nvidia, so keep on hoping that happens because guess what you wont be able to afford intels crappy celeron/pentium at 500 dollars or nvidias 1020 gt at that price either 800u

Now there is competition but AMD's CPU don't get any better. :laugh:

RecusAMD's problem is CEOs is too much greedy.

In fairness, $850k for CEO isn't exceptionally high. It'd require comparisons with companies of similar scale and generated income (and loss) to make it reasonable.

While I must add, I find the discrepancy from top to bottom abhorrent in large companies. I hereby declare if I win the Euromillions jackpot tonight, I'll donate £5million to a TPU sponsored charity. Maybe Rory Read?

Recus, really? You need to actually first see company sink to see that. Wow, you apaprently have zero ability to think about anything. I don't need one company to go under and TEHN see it. Why would a company with absolute monopoly bother adjusting their prices to be competitive against their rivals (which aren't there because they went bankrupt)? They'd just make a product and slam a ridiculous price tag on it. And even if they wouldn't do it instantly, they'd slowly add and add to price so people slowly get adjusted to it and just keep on buying. Because they'd have absolutely no other options. What, if AMD goes down and you don't want to buy NVIDIA graphic cards, will you rely on Intel's shitty GPU solutions? They are fine for browsing and casual gaming with everything set to low to get half crappy framerate, but clearly not something for people like me who want to squeeze max from the games.

Why do you think R9-290 prices dropped? Not out of AMD's kindness but because GTX 900 series forced them to do that just like so many AMD's products forced NVIDIA to lower prices in order to be competitive. And that's how market works. If you take competition out, you can inflate prices, because there is no one else to force you to lower them via their product being better positioned in terms of price or performance (or both). Its' what i call logic.

RejZoRthere is no one else to force you to lower them

Wrong. There is the EU, the government, the court, etc.

Really? Then why don't they enforce all graphic cards to be under 300 EUR even if they are Titan Z class? Oh yeah, because they can't do that just like they weouldn't be able to dictate prices for products where there is just 1 company that's making them. Maybe they'd interfere if you'd instantly triple the price of graphic cards, but if you slowly increase it over a period of 3-5 years, no one would say anything. people are sheep, face it. That's how it would play out, you can trust me on that one. Why do you think Intel can inflate CPU prices for high end? Because it has no competition there. I don't see any EU, government or courts interfering with that... But i want my Intel 8 core cheap damn it and not for a grand!

the54thvoidYou have to question AMD business practices. For a company with the GPU chip in the only two modern gaming consoles and currently the best integrated gfx solution, how can their finances be so bad?
So they don't compete on HEDT but they do have a CPU solution and their GPU solutions have been competent, if not brilliant (5870, 7970, 290x). Being 2nd to Intel or Nvidia in performance doesn't need to mean a loss making business.

Have a look at Intel's 1 billion black hole in the mobile devision and you will get an idea why AMD's business practices can't increase the APU sales. In GPU I guess for financial reasons, they canceled whatever major project equivalent to Maxwell they had in the 28nm and prefered something more modest like the 285. I guess they hoped that Nvidia wouldn't drop the H bomb it dropped with 970 at $330 forcing them to cancel 285X. If 970 was at $450 both Q3 results and Q4 guidance would have been a little better in my opinion.

the54thvoidIn fairness, $850k for CEO isn't exceptionally high. It'd require comparisons with companies of similar scale and generated income (and loss) to make it reasonable.

True enough, although that said, Lisa Su's total remuneration package as AMD's COO was $3,591,408 of which only $574,995 was salary. Rory as CEO made $8.2 million(by comparison Nvidia's Jen-Hsun made $6 million and Intel's CEO Brian Krzanich received $9.5 million)

john_If 970 was at $450 both Q3 results and Q4 guidance would have been a little better in my opinion.

Certainly a factor, and the GTX 960's imminent arrival will just compound the issue, although I suspect that Intel's Bay Trail decimation of AMD's high hopes for Beema and Mullins might be a significant contributing factor also, as would Nvidia's refreshed mobile Maxwell lineup. Could be a grim 2015 for AMD the way things are shaping up.

In short: Are they breaking even?