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.
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.
Continue reading →
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.
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.
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.
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:
When I learned that AMD became an investor in cloud gaming company CiiNOW, I immediately thought “have they learned nothing from HP’s investment in OnLive?” CiiNOW streams PC games to any client like smartphones, computers, set top boxes, and tablets. CiiNOW is supposedly different because they offer a white-label platform for others to use rather than providing a service directly to end-users. CiiNOW has CPU/GPU virtualization, deployment flexibility, fast deployment, gamepad support, multiplayer support, and interactive spectating. [UberGizmo]