[BSN] AMD CFO Seifert speaks out: We're making money! - Overclock.net

sodaholic134 · 1 Week Ago

Quote:

AMD finally turned a quarter positively - 56M profit in third quarter 2009 [$2M GAAP]

Seifert says they are increasing cash and reducing debt. Cash is at $1.5 billion, but they are still saddled with a large debt burden, that matures in 2012 and 2015. They plan to reduce the debt in phases, addressing 2012 maturities to minimize cash interest impact. AMD will use excess cash and free cash flow for that debt reduction. Given that AMD has 3.67 billion USD of debt, we would not be surprised if that financial hole eats up all the 1.25 billion dollars paid by Intel. Then again, from the report here we saw that AMD did not receive any early debt repay bonus like we were lead to believe. Thus, we expect to see debt reduced to 2.42 billion, with additional 110-180 million replay that will reduce the profit level. Overall, we would expect that AMD exits 2010 with less than two billion dollars in debt, on course of repaying that debt by 2013, in line with majority of that debt being due in 2012 and 2015.

SOURCE

amay200 · 1 Week Ago

good news... they can probably put most of the money they get from the sale of GF towards debt too... though I think some of it would be better spent if they put it towards getting bulldozer/bobcat out early

Perry · 1 Week Ago

Great news. I knew that AMD wouldn't be going anywhere but it's nice to know that they are not in any direct, dire financial need.

You get $1.35 billion in a settlement, you get to bail out of Global Foundaries PLUS you have the hottest line of GPU's on the market with no sign of competition for at least another 2 months.

It is smooth sailing for now. Just look at AMD's stock.

corky dorkelson · 1 Week Ago

Keep chuggin along, AMD. You are making great stuff right now.

amay200 · 1 Week Ago

^ makes me wish i had AMD stock... I could sit on it for a while then when bulldozer comes out sell some of it and use it to build a bulldozer comp

brooze113 · 1 Week Ago

Quote:

Originally Posted by 003

No. Just because you manage to pull a quarterly profit does not mean you are no longer in debt. It means you made more money than you spent that quarter, to oversimplify things.

AMD's net assets were previously around 7 billion in the red. I'd wager it will be around 5.5 or 6 billion now.

Sorry but you are wrong for the 20th time

**ENTERPRISE** · 1 Week Ago

Amd ftw ! Go go go.

eXe.Lilith · 1 Week Ago

*crosses fingers that AMD stocks will keep on skyrocketing*

If they manage to sell enough 59XX before nVidia releases its Fermi cards, things might look very good in Q4 for AMD.

sLowEnd · 1 Week Ago

003 · 1 Week Ago

What? What is this garbage news? AMD posted their 14th consecutive loss for third quarter weeks ago. This is nonsense.

Also even if this is true (which it isn't), their total assets are still around ~6.5 billion in the red, so a profit of ~50 million is literally nothing.

I still don't understand where this news came from. AMD posted their third quarter results several weeks ago and it was in fact a loss.

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[BSN] AMD CFO Seifert speaks out: We're making money!

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