AMD Tight on Flash.Advanced Micro Devices posted strong first quarter results yesterday on the back of growing sales of both processor and memory products, but the figures also hinted at constrained con·strain tr.v. con·strained, con·strain·ing, con·strains 1. To compel by physical, moral, or circumstantial force; oblige: felt constrained to object. See Synonyms at force. 2. capacity at its flash operation. Total revenues in the three months ending March 28 were $1.24bn, up 73% on the year. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was $61.3m, compared to a $125.5m loss last year, while net income was $45.1m, compared to last year's $146.4m loss. The figures highlighted the importance of AMD's flash operation to the company's overall performance. Memory group sales Group sales Block sale (of large amounts) of securities to institutional investors. group sales The distribution of a new security issue to institutional clients. were $628m in the quarter, up 188% on the year, and it made an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of $14m. However, the memory group is operating at the edge of its capacity, leading to some tightness of supply, which the vendor expects to continue at least into the current quarter. It is currently adding capacity, and things should begin to alleviate in the third quarter. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. said it was seeing flash prices firming up, but "not rocketing up". The vendor's computation products group saw sales of $571m in the quarter, and generated operating income of $67m. Shipments of the Athlon 64 line doubled quarter on quarter, said AMD. At the same time, AMD assured analysts on its earnings conference call that it didn't foresee any constraints of supplies of its Athlon 64 line. Looking ahead, AMD issued what it said was conservative guidance, saying it expected memory group sales to rise modestly, with computation product sales decline modestly, in line with industry seasonal patterns. Overall, it said, seasonal patterns would prevail, and sales would be approximately flat. |
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