A week after Dirk Meyer's resignation as CEO of Advanced Micro Devices, the company's position going forward is essentially to stay the course in the short term, while creating expansion plans farther down the road.
Executives at AMD, speaking during a conference call with analysts and journalists Jan. 20 to announce fourth-quarter and full-year financial results, said that the immediate goal is to deliver on promises around the company's Fusion offerings, including the upcoming launch this summer of its "Llano" product line, which is aimed at notebooks, ultrathin laptops and desktop PCs.
That will follow the release earlier this month at the 2011 Consumer Electronics Show of AMD's "Brazos" chips for lightweight laptops and netbooks. AMD's Fusion initiative brings high-end graphics capabilities and x86 CPUs onto a single piece of silicon. AMD calls the chips APUs (accelerated processing units). Thomas Siefert, AMD's CFO and interim CEO, called Fusion "arguably the most significant advancement in processor architecture in decades."
For the quarter, AMD saw revenues come in at $1.65 billion, flat from the same period last year. Income was $413 million, a significant drop over the $1.29 billion of the fourth-quarter 2009, though that was bolstered by a $1.25 billion payment from Intel to settle legal disputes between the two companies.
For more, read the eWeek article: AMD Targets Tablet Market, Growing PC Business.