Advanced Micro Devices sales in the second quarter of fiscal 2011 years sunk to seek a new CEO continues, the company said on Thursday.
The company reported net sales of EUR 1.570 billion for the quarter ended July 2 fell 5 percent in the second quarter last year. The decline was consistent with a decrease in revenue 5 per cent is expected by analysts polled Thomson Reuters.
Non-GAAP net profit of AMD's $ 70 million, compared to net income of $ 83 million the quarter a year earlier. Earnings per share were $ 0.09, while analysts to $ 0.08 EPS non-GAAP. Expenditure on fixed assets GLOBALFOUNDRIES, the company booked a net profit of $ 61 million a GAAP basis, improvement of $ 43 million loss a year earlier.
Search for a company position in the Director-General will be transmitted by telephone conference, to discuss second quarter financial results, the AMD spokesman said. Connection will be held.
CEO of AMD has not found a more than six months Dirk Meyer, the former president, resigned in January after the quarrel about the government's strategy for mobile. Thomas Seifert, Chief Financial Officer, assumed interim CEO after the resignation of Meyer.
AMD has been criticized for slowness to identify growth pills and so far no reported changes in strategy quickly adapt to the rapidly growing smartphone market, or tablets. Was in a hurry to launch the first dedicated chip tablets in June and will continue to create products and PC servers as expected.
Many of the leaders to avoid taking up the post of Director-General, to newspaper reports. The candidate list is approached by William Nuti President of NCR Corp., AMD, Pat Gelsinger, Intel chief technology officer and a former vice-president and now the Chief Operating Officer of EMC, Apple's COO Tim Cook and Mark Hurd, Oracle joined as co-chair in September after the victims as CEO of Hewlett-Packard.
Income from Software Solutions business, which deals with the chips, was $ 1.2 billion, and is flat from year to year. Net sales of $ 367 million segment graph of $ 440 million last year, due to low demand for graphics cards.
AMD earlier this year began shipping chips to Fusion, which combines a graphics processor and CPU on one chip. Mainstream PCs based on AMD's latest chips, called Fusion Llano began to appear in the second quarter between $ 500 and $ 700. AMD later this year to begin chips for servers based on the new microarchitecture, Bulldozer.
AMD microprocessor revenue market share lost to rival Intel in the first quarter of this year, according to iSuppli IHS. Part of Intel's microprocessor revenue was 82.6 per cent, 80.6 per cent in the first quarter of last year, while revenue from the AMD microprocessor market share fell to 10.1 per cent compared to 11.8 percent.
AMD expects third-quarter sales rose 10 percent, plus or minus 2 percent in the second quarter .
