In the fourth quarter of 2008, AMD reported a net loss of $1.424 billion, or $2.34 per share. For continuing operations, fourth quarter 2008 loss was $1.414 billion, or $2.32 per share, and the operating loss was $1.274 billion.
The results for continuing operations include an unfavorable impact of $996 million, or $1.64 per share as described in the table below. Loss from discontinued operations was $10 million, or $0.02 a share.
http://biz.yahoo.com/bw/090122/20090122006129.html?.v=1
Ouch. Wasn't AMD supposed to break-even or return to profit by end of 2008? I thought that was their stated goal since 2006. It boggles my mind that AMD can lose this much equity in 90days and remain out of bankruptcy or with their doors open for business at all. How much longer can they continue under this economic situation?
It impresses me they report having spent as much as $3m on just forming the foundry company as far back as Q4'07. That some healthy expenses for a few lawyers who are drafting legal documents, up to and including the $23m spent on still forming the foundry company in Q4'08.