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AMD Will Lay off 15 percent of works.

LambChop said:
Ah that old chestnut, I am not allowed to critisize as I don't make cpu's and gpu's myself ? LOL. I buy a car I'm not happy with, I cant take it back as I dont make cars ? **** me.

Tell you what, If It was nvidia doing this, there would be post after post of flaming at them. Shoe on the other foot, well god forbid anything is said in this AMD forum.
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You're not allowed to criticise when you're talking rubbish.

AMD don't make bad CPUs, they just don't make competitive ones with Intel's high end. Their CPUs deserve criticism when you're coming from the enthusiast's perspective.

What exactly are you criticising about their GPUs?
 
gregster said:
Tony Blair said the same and look how that turned out....
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When there are two companies coming together (AMD - ATi), both with terrible management, bad things happen.

Can anyone explain how AMD has 140 plus Corp VPs for a company 1/10th the size of Intel and Intel has only 30-40 Corp VPs?
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We can only hope this section be hit the hardest or is amongst the hardest hit when/if the time comes.

https://www.amd.apply2jobs.com/ProfExt/index.cfm?fuseaction=mExternal.returnToResults&CurrentPage=1

Check what jobs are going at AMD - even though some engineers were let go.
 
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AMD aren't going anywhere. They already got multiple contracts under their belt that should provide decent cash flow, so why on earth would they lay off their engineers? Probably trimmed their PR department and other managerial type roles.
 
Cutting 15% might even be a good thing, cut out the dead wight, the fat, make them more lean, more focused.

Its absolutely inevitable given the PC markets decline anyway, Intel will soon follow suit.

In addition to going into partnership with ARM, they are also working with a lot of other manufactures, in that they have 125 AMD based Windows 8 PC systems coming.

And also a partnership with Fujitsu Siemens, their new Tablets will be running AMD APU's (Market Watch down at the moment)

Microsoft and Sony Game Consoles is also still in the wings.

AMD are continuing to design and produce the sort of GPU's we all like, APU's are also still moving forward as are CPU's, there just not competing with Intel at the high end. that market is shrinking at an unsustainable rate anyway, so it no longer matters.
 
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^ Good info Humbug, Thanks.

Hopefully they can secure these deals with the new consoles, dont think it has been confirmed yet that they will be using AMD GPU's has it?

With 66 million xbox 360's sold worldwide, if they secure that deal I'm sure it will provide a boost to AMD's stock. By the looks of the deals they are making with ARM etc, they certainly intend sticking around for the next few years which is good for us consumers.
 
psychodil said:
^ Good info Humbug, Thanks.

Hopefully they can secure these deals with the new consoles, dont think it has been confirmed yet that they will be using AMD GPU's has it?

With 66 million xbox 360's sold worldwide, if they secure that deal I'm sure it will provide a boost to AMD's stock. By the looks of the deals they are making with ARM etc, they certainly intend sticking around for the next few years which is good for us consumers.
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Not completely confirmed but Rory Read (CEO of AMD) said this

Our semi-custom APUs already have a number of confidential high-volume design wins in place
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So hinting that AMD are making APUs for both Sony and Microsoft.
 
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diamount said:
AMD aren't going anywhere. They already got multiple contracts under their belt that should provide decent cash flow, so why on earth would they lay off their engineers? Probably trimmed their PR department and other managerial type roles.
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The problem is short term not long term which a lot of people seem unable to comprehend - I guess its only natural to assume that a company the size of AMD has massive amounts of cash lying about to see them through.

Strangely enough the storm in NY today/yesterday may actually end up saving AMD more than anyone probably realises.
 
gregster said:
Agreed. As sad as it is, it will only do AMD well with replacement chips needed.
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lol - was meaning more they were expected to take a big savaging again but the stock markets were disrupted due to the storm at a very fortunate moment for them - by the time stuff is back up and running again people will have had time to take in the monday announcement plus I suspect some of the momentum that was behind downgrading them will have worn off towards a more cautious outlook.

Overly simplified and probably not 100% accurate but it gives a fairly good picture IMO of what the current situation is - AMD have had a poor previous quarter, have no killer product for peak trading (the company business model still has a large dependancy on retail) and shortly after christmas is the time of year where (and typically for many companies especially those tied to retail) the biggest lump of their outgoing real money transactions will take place (paying for/renewing contracts, rent, debts, etc. etc.) the forecast is they will be operating at a loss during this period and still need to put up slightly under 600m towards debts (or defer some of it) and in the region of 600-700m to fund future development (needed to sustain a viable long term for the company) and also for restructuring, etc. as the company evolves to survive - with approx 1.3bn cash to hand but it would be silly to drain that to cover it.

Problem is a lot of the people they need to rely on for goodwill have lost confidence in the company (reflected by the savaging of their share price earlier in the month) with the attitude (on record if anyone wants to look it up) that they'd rather see their own companies survive even if it meant risking the demise of AMD. Meaning they will have a hard time getting those people to defer payments and as the drop in their share price shows they will have a harder time being able to loan the money if needed, etc. and another savaging on monday would have made it even harder.

Long and short of it being they are in for a real squeeze over the next few months - personally I think it unlikely the company will collapse but its a very real possibility. If they can make it through that then some of their long term plans/products have some real potential, console deals, etc. could turn out to be very lucrative, but still a long way from definitely securing the future of the company.
 
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Well they have marketed their cards very aggressively for this quarter, hopefully they will reap the rewards. This is the most important quarter for sales, will be interesting to see Q4 results later on.
 
psychodil said:
Well they have marketed their cards very aggressively for this quarter, hopefully they will reap the rewards. This is the most important quarter for sales, will be interesting to see Q4 results later on.
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Yeah unfortunatly GPUs are only a part of their business and alone can't prop them up - tho dropping a killer 8000 series part on the market about now would probably go a long way towards keeping the people that matter sweet.
 
Rroff said:
lol - was meaning more they were expected to take a big savaging again but the stock markets were disrupted due to the storm at a very fortunate moment for them - by the time stuff is back up and running again people will have had time to take in the monday announcement plus I suspect some of the momentum that was behind downgrading them will have worn off towards a more cautious outlook.

Overly simplified and probably not 100% accurate but it gives a fairly good picture IMO of what the current situation is - AMD have had a poor previous quarter, have no killer product for peak trading (the company business model still has a large dependancy on retail) and shortly after christmas is the time of year where (and typically for many companies especially those tied to retail) the biggest lump of their outgoing real money transactions will take place (paying for/renewing contracts, rent, debts, etc. etc.) the forecast is they will be operating at a loss during this period and still need to put up slightly under 600m towards debts (or defer some of it) and in the region of 600-700m to fund future development (needed to sustain a viable long term for the company) and also for restructuring, etc. as the company evolves to survive - with approx 1.3bn cash to hand but it would be silly to drain that to cover it.

Problem is a lot of the people they need to rely on for goodwill have lost confidence in the company (reflected by the savaging of their share price earlier in the month) with the attitude (on record if anyone wants to look it up) that they'd rather see their own companies survive even if it meant risking the demise of AMD. Meaning they will have a hard time getting those people to defer payments and as the drop in their share price shows they will have a harder time being able to loan the money if needed, etc. and another savaging on monday would have made it even harder.

Long and short of it being they are in for a real squeeze over the next few months - personally I think it unlikely the company will collapse but its a very real possibility. If they can make it through that then some of their long term plans/products have some real potential, console deals, etc. could turn out to be very lucrative, but still a long way from definitely securing the future of the company.
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Well I made myself look a complete Rodney. I was in the middle of doing my water cooling and just stopped for a cuppa, read your post and thought "Oh yer, all computers trashed and new chips needed everywhere in Manhattan"

Doh!!!

And I see your point. Sorry for my ignorance :)
 
Trinity effectively gives them the market on APU's which, if marketed right, should be first choice for all store bought PC's for the next year or two.

It's a shame but after bulldozer and all the publicity that surrounded it, i'm sure the staff responsible expected this.
 
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