Judging from the report, it seems that AMD is in a shift at the moment.
They do fine in some sectors and sucks in others, I hope they will stand on their feet and don't let intel dominate the CPU market.

Trinity APU may save the day for 2013, they perform pretty nice and the integrated GPU is good enough for most mainstream users, unlike the intel GPU offerings that are good only at higher CPUs, and seriously, if you got an i7 you will stay with integrated GPU?
This balance can make the difference in the entry level area.

We all lose if there is a monopoly.
Let's hope they will come up with something good and make intel to drop prices.

Skipping over the fact that they came in above estimates for Q4. We all knew AMD would be down again, but they weren't as down as analysts expected.

AMD beat the market hence the 11.5% bounce in share price.

Comsidering the worldwide economic meltdown, AMDs total reorganization, their buy-out of wafers in Q4 from GloFo, their purchase of Seamicro and the buy-out of exclusive CPU production at GloFo earlier this year, AMD did pretty good for the year.

Trinity laptop/desktop and FX are all a sales success and AMD's low voltage, low powered APUs are also selling extremely well. AMD will be in the new X-Box and Play Station in addition to tablets and other portables.

All in all AMD's future looks bright even though they will have a lot of work to do for several years to really start benefitting from the reorganization.