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Chief executive officer of Advanced Micro Devices considers sales in the Thanksgiving weekend encouraging, which may be an early indicator that the demand towards the company’s products will continue to be high during the holiday season. In addition, Rory Read projects an improvement in macroeconomic situation around the globe as well as refresh of the PC market in 2013.

“We have seen some positive news out of Black Friday over the past several days. Our performance over that period looked reasonably well, but I think it is a little early to call the holiday season at this point,” said Rory Read, chief exec of AMD, at Credit Suisse Technology Conference.

People in the well developed countries these assign more money on ultra-mobile devices, such as smartphones and media tablets, which is why PC replace cycles are now longer than before and hence the demand for personal computers in general is dropping. As a result, companies involved into the PC business need to make their products more attractive and/or affordable to actually sell them.

In general, Mr. Read remains more or less optimistic about the future of the PC market, which is good in general and for AMD in particular, since at least the management team will not be inclined to perform another round of reorganization that involves further layoffs of valuable professionals.

“I look at the PC demand as being choppy for the next couple of quarters, I do believe that macro environment will sort itself out a bit better, I do believe that the PC segment in general will have some refresh over the second half of 2013. […] The emerging markets will accelerated as the macro environment improves,” said Mr. Read.

Still, given the current market condition, any prediction is very preliminary as the situation develops very quickly.

Tags: AMD, Business

Discussion

Comments currently: 53
Discussion started: 11/27/12 03:01:06 PM
Latest comment: 11/29/12 04:01:04 PM
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18 23 [Posted by: beenthere  | Date: 11/27/12 03:01:06 PM]
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- collapse thread

 
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2 5 [Posted by: Martian  | Date: 11/27/12 05:52:44 PM]
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Martian-

The U.S. economy will continue it's downward economic spiral as long as the criminals in DC are incapable of creating real jobs and establishing a viable and sustainable energy policy.

There are over 30 million unemployed people in the U.S. and the number grows daily. Many businesses have shuttered their doors, some having been in Biz for 40+ years. This is the longest economic depression the U.S. has ever experienced. Those who have secure jobs are oblivious to the pain and suffering of many blue collar workers, some of whom have gone 2+ years without being able to find a new job.

As we see with AMD, Intel, Nokia, HP, Hostess and many other companies laying off tens of thousands of workers, it's not just blue collar workers anymore who are losing their jobs. Things are going to get much worse because the clowns in DC haven't got a clue. Most of them have never had a real job or ever run a business, so they just enjoying the sweet life on the public's tax dollar and then they take their platinum parachute when they decide to retire or finally get booted out of Congress or the White House.
18 11 [Posted by: beenthere  | Date: 11/28/12 05:28:23 AM]
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U.S is doing just fine. Don't worry about them. Its their own work anyway.
They are sinking everyone else along with them as well. Its all well planned out.
9 2 [Posted by: BulletProof  | Date: 11/28/12 06:12:19 AM]
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North America is not doing fine because there's no real value created behind fat paychecks. High salaries are compensated by using cheap other resources (made in China stuff) which can delay the inevitable but cannot prevent it. Cheap workforce and other resources of developing countries are not an endless bag of gold. Those people are just like you, they won't work for nothing forever. Of course it could be a smooth and slow equalization, but of course popularist politicans end short-sighted citizens will not facilitate it. They will keep pretending there's no problem till the point tensions rip the system apart.
Just to mention, I'm Canadian, so unfortunately I'm watching this crap from the first row.
3 0 [Posted by: Martian  | Date: 11/28/12 02:16:59 PM]
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13 20 [Posted by: PnoyP  | Date: 11/27/12 07:38:21 PM]
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Mate, most of the world hate the Republicans for doing little to progress humanity with their neo-conservative doctrine. Even the right wingers in my country can't stomach them. You must really understand that if you're an American. They are really and truly disliked by those (including political peers) outside of their own country. And now they want to play Russian roulette with world financial stability when they stuffed up in policy during George Bush era. Collecting more tax gives you better social services that lead to a more safe and stable society. I like the idea that through paying more tax, if I get sick with any illness or require an urgent operation, I will be treated for free in my country anytime, anywhere and also those with reciprocal agreements in Europe like England and Italy. That's free and comprehensive with no hassles of private insurance policies.
17 9 [Posted by: linuxlowdown  | Date: 11/28/12 07:43:07 AM]
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2. 
Good news. Q4 looks to be good for AMD (Black Friday or not) since AMD have Trinity, Hondo, Vishera and superior GPU`s. AMD now have the best price and performance over nVidia including power usage at the same level with 12.11-B8 drivers (Never Settle, peeps). AMD finally have superior GPU`s and drivers VS nVidia inc Laptops (Enduro + Awesome sauce).

23 14 [Posted by: keysplayer  | Date: 11/27/12 03:15:41 PM]
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1 21 [Posted by: tedstoy  | Date: 11/27/12 09:01:20 PM]
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4. 
It's refreshing to see positive news come from AMD no matter how big or small it is right now. I just bought me an AMD FX 8230 for 161 dollars on Amazon. I mean i couldn't pass that deal up! It's those types of sales that will attract buyers on a budget to AMD which makes up for a lot of the pc users out there.
16 10 [Posted by: SteelCity1981  | Date: 11/27/12 09:17:53 PM]
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4 7 [Posted by: clone  | Date: 11/27/12 09:25:54 PM]
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4 14 [Posted by: tks  | Date: 11/27/12 09:37:38 PM]
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@tks - There's better money (less R&D expenditure) and less competition in console business with trailing profits for years after design win. Intel graphics are still only good for Atari 2600 games. You can't train army soldiers using Intel graphics. But you can train tennis players. Anyone for Pong?
18 9 [Posted by: linuxlowdown  | Date: 11/28/12 07:04:37 AM]
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7. 
I am afraid this is not the case as the AMD fanbois in here try to do the pr stuff for AMD,
What they have forgotten to insert in this article is that AMD is trying to sell their property off in order to raise cash because they have run out of it. Seams that nobody is interested in buying AMD and there is a good reason for that.
The bank now has the opportunity to buy AMD's property for cheap. LOL I bet that property is worth much more than 150 million. Selling off your property to get only 150 million in return that should tell you that AMD is pretty desperate.
Nice try though.

http://www.reuters.com/ar...day-idUSBRE8AQ12I20121127
15 4 [Posted by: BulletProof  | Date: 11/28/12 02:49:58 AM]
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AMD are not for sale. It is no secret that they're in financial difficulty with a cash flow problem on the horizon and are trying to raise some money. For your benefit if you haven't left your bedroom in 4 years, there is a worldwide recession going on. Most tech companies have been hit, besides a few like Apple. AMD has multiple wins in the console market. That cash will dribble in over several years. But for now, they would benefit from an injection of cash so that they can plan securely beyond a 2 year time frame (ie past 2014). And before you jump to conclusions, AMD will not die or go away. They will adapt. In fact they are changing course and adapting ahead of Intel. Otellini has just announced his retirement in a face saving move due to failure in low power space. AMD changed leadership 12 months ago to position in this market.

Addit: Quote: "Read reiterated that he does not expect the PC market, which accounts for about 85 percent of AMD's business, to recover for several quarters.

AMD has hired JPMorgan Chase & Co to explore its options, although an outright sale of the company is not the main option, according to sources.

Like Intel, AMD was caught flat-footed in recent years with the emergence and fast growth of mobile devices.

With the company burning through cash, analysts have become concerned about future liquidity. They say AMD needs to turn its business around sooner rather than later.

Research firm Gimme Credit on Tuesday downgraded its rating on AMD, which has long-term debt and capital lease obligations of about $2 billion, to "deteriorating" from "stable."

"The downturn in the PC market, along with market share losses, have led to substantially lower revenue and margins," Gimme Credit said in its report. "Free cash flow is also decreasing, despite modest capital expenditure requirements."

http://www.reuters.com/ar...day-idUSBRE8AQ12I20121127

Please note everyone - I was downvoted 6 times just 10 minutes after posting this comment. I can draw one strong conclusion - former username "jmlgx" and now "1234" is using multiple accounts.
21 15 [Posted by: linuxlowdown  | Date: 11/28/12 04:35:41 AM]
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5 21 [Posted by: Avon4Balls  | Date: 11/28/12 10:22:05 AM]
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Never said you did 4-Balls-under-the-sheets. Just alerting everyone and anyone to 1234's dirty rigging tricks. Any action is at the discretion of the site.
18 6 [Posted by: linuxlowdown  | Date: 11/28/12 10:49:55 PM]
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8. 
Looks like user@Avon fell off Intel's payroll or the cyberpolice finally caught up with him because he is conspicuously missing from these arguments. What a relief. One troll down, one multiple account rigging one to go in the guise of 1234.
17 10 [Posted by: linuxlowdown  | Date: 11/28/12 07:19:05 AM]
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8 21 [Posted by: Avon4Balls  | Date: 11/28/12 09:19:35 AM]
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9. 
Rory Read please have too much alcohol at the holiday parties and wrap your car around an oak tree.

Or would some AMD employee at least make it look like that is what happened?

He is going to kill AMD.
3 3 [Posted by: fdunn  | Date: 11/28/12 07:39:04 AM]
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You need a lobotomy.
18 6 [Posted by: linuxlowdown  | Date: 11/28/12 10:41:58 PM]
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4 22 [Posted by: utroz  | Date: 11/28/12 12:22:56 PM]
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4 22 [Posted by: utroz  | Date: 11/28/12 01:01:12 PM]
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