Strong execution focused innovation at AMD

AMD 2008 Financial Analyst Day

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Strong execution, focused innovation at AMD

Executives detail company's strategy to achieve sustainable profitability

Friday, November 14, 2008

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SUNNYVALE, USA: AMD hosted its 2008 Financial Analyst Day at its headquarters in Sunnyvale. Senior executives, including President and CEO, Dirk Meyer, reported on the company's progress toward sustainable profitability by sharing information on AMD's product, marketing, manufacturing and operational initiatives.

AMD's President and CEO, Dirk Meyer

As a part of today's event, AMD also launched its 45nm Quad-Core AMD Opteron processors. Previously codenamed "Shanghai", these processors deliver up to 35 percent more performance than the previous generation Quad-Core AMD Opteron processor1 and up to a 35 percent decrease in power consumption at idle, along with sweeping virtualization performance leadership.

In his presentation, Meyer reiterated his commitment to guiding a leaner, more focused AMD back to sustainable profitability.

"Today's 45nm Quad-Core AMD Opteron launch is another key 2008 milestone for AMD, strengthening our portfolio of computing products and complementing our industry-leading graphics products," said Meyer. "In 2009, we plan to remain focused on executing our new product roadmaps, extend our leadership in graphics technology, refresh all our existing computing platform offerings, and introduce innovative new platforms targeting key growth opportunities like ultra portable notebooks.

"Our Asset Smart strategy remains a critical piece of AMD's future success. Through 'The Foundry Company', we are putting a model in place that will help ensure AMD's access to leading-edge manufacturing without having to shoulder the increasingly prohibitive costs of semiconductor manufacturing."

Randy Allen, senior vice president, Computing Solutions Group, Rick Bergman, senior vice president and general manager, Graphics Product Group, and Nigel Dessau, chief marketing officer, also provided high level program overviews. Executives emphasized how AMD's plan is to focus on delivering the solutions that power the next generation of user experiences and applications at work, home and play.

©CIOL Bureau

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