AMD, Transmeta Q3s reflect chip market doldrums

One day after Intel reported less-than-stellar results for its third quarter, the "other" two PC chip makers chimed in with their own bad news.

Advanced Micro Devices Inc. (AMD) and Transmeta Corp. Wednesday posted their third quarter earnings results after the close of the financial markets. Both vendors continued to suffer from the weak global economy and slower than expected PC sales.

AMD reported revenue of US$508 million for the quarter ended Sept. 29, a decline of 34 percent year over year. It posted a net loss of $254 million, which translated into a loss of $0.74 per share, according to a statement. Weak demand for consumer PCs was cited as the primary reason for the drop off.

Transmeta generated $6.4 million in revenue for its third quarter ending Sept. 27. This compares to $5.0 million in revenue in the same quarter a year ago. The company posted a net loss of $21.8 million or a loss of $0.16 per share, according to a statement.

Transmeta also pointed to low levels of end-user spending for the poor results.

The figures for AMD and Transmeta are both based on generally accepted accounting principles (GAAP).

The results followed on the heels of market leader Intel's third quarter report, which was issued Tuesday. Intel came in below analyst expectations, which sent the company's stock reeling in Wednesday's trading on the Nasdaq exchange.

Shares of AMD (AMD) and Transmeta (TMTA) both fell Wednesday. AMD dropped more than 16 percent to a close of $3.49. Transmeta shed more than 6 percent to end the day at $0.84.

Join the PC World newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Ashlee Vance

Computerworld
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?