AMD Posts First Profit in Three Years
Get by with a little help from your friends, huh?
The year 2009 was a busy but good one for AMD. The company won a huge victory when the European Antitrust Commission found Intel guilty of anticompetitive practices and fined the company $1.45 billion. Though AMD didn't received a share of the fine, the case laid the foundations for a similar case in the United States. The FTC is still investigating Intel, but late last year, the company settled with AMD, resolving all legal disputes. The settlement saw Intel hand over $1.25 billion in damages and it was that money that helped AMD post its first profit in three years.
AMD yesterday posted a Q4 revenue of A$1.65 billion, an increase of 18 percent compared to the previous quarter and 42 percent compared to the fourth quarter of 2008. Net income attributable to AMD common stockholders was $1.178 billion, or $1.52 per share. AMD reported an operating income of $1.288 billion.
Check out the full release for all the nitty-gritty details.
Source : Tom's Hardware US
