AMD’s Radeon HD 7990 Graphics Card Is The World’s Fastest Graphics Card

Advanced Micro Devices has announced the world’s fastest graphics card, which is known as the Radeon HD 7990.  The 7990 has double the power of the Radeon HD 7970 and four times more powerful than the GPU in the PlayStation 4.  The 7990 is based on the AMD Graphics Core Next (GCN) architecture with AMD Eyefinity technology.  The 7990 makes the ability to play the latest DirectX 11 games in extreme resolutions and multi-monitor configurations a smooth experience.

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AMD To Sell Offices In Austin And Lease It Back

Microprocessor company Advanced Micro Devices is going to be selling their offices in Austin, Texas with plans to lease it back.  This deal is expected to help AMD receive around $164 million in cash.

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AMD Reports $1.16 Billion In Q4 Revenues

Advanced Micro Devices, Inc. recently announced their Q4 results.  The company posted revenues of $1.16 billion.  This is a 32% drop from the same period in 2011 and is a loss of 63 cents per share.  In 2012, AMD made around $5.42 billion as a whole which is 17% lower than the previous year at a $1.60 loss per share.  This year AMD plans to launch two new APUs called the Temash and Kabini.  
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Rory Read: “We Are Not Actively Pursuing The Sale Of AMD”

AMD CEO Rory Read has responded to a Reuters article that said the semiconductor company is putting themselves up for sale after posting disappointing Q3 results last month. Below is a candid e-mail that AMD CEO Rory Read sent out internally.

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AMD Reports A Quarterly Loss Of $157 Million, Lays Off 15% Of Workers

About a week ago, we reported that AMD is laying off 20-30% of their workforce.  The company recently reported a quarterly loss of $157 million and revenues are down 10%.  The company reduced their workforce by around 15%.  AMD reported Q3 2012 revenue of $1.27 billion, which is a 10% decrease since last quarter and 25% for the same time last year.

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AMD Laying Off 20-30% Of Employees

This weekend, Advanced Micro Device (AMD) employees are being hit with some terrible news.  AMD may be laying off around 20-30% of their employees in the next few weeks.  AMD is going to be reporting their quarterly earnings on Thursday and they have warned that their third quarter revenue is down 10%.  AMD’s CFO Thomas Seifert stepped down last month.

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AMD CFO Thomas Seifert Steps Down

Thomas Seifert, the SVP and CFO of Advanced Micro Devices, has stepped down from the company.  Seifert worked at the company for about three years.  Seifert became interim CEO in early 2011 until Rory Read filled in for him.  Seifert left to “pursue other opportunities,” but AMD’s current SVP and corporate controller will replace Seifert on an interim basis.  Check out the press release below:

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