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October 17, 2010

AMD Q3 revenues up 15.7% to $1.62bn

Expects Q4 revenue to remain flat

By CBR Staff Writer

AMD has reported total revenues of $1.62bn for the third quarter of 2010, an increase of 15.7% compared to $1.4bn for the same quarter in 2009.

The company’s operating income for the third quarter was $128m as compared to a loss of $77m for the same period last year.

AMD has posted a gross margin of 46%, and the cash, cash equivalents and marketable securities balance was $1.73bn for the quarter.

For the quarter ended 30 September 2010, the company has posted net loss of $118m, or $0.17 per share, as compared to loss of $128m, or $0.18 per share of Q3 FY09.

AMD president and CEO Dirk Meyer said the third quarter performance was highlighted by solid gross margin and a continued focus on profitability, despite weaker than expected consumer demand.

The company expects the fourth quarter 2010 revenue to be remain flat.

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