NTMBK
Lifer
- Nov 14, 2011
- 10,446
- 5,814
- 136
None. Please read the AMD earnings call transcript. The cuts are going to be in the operational side. marketing and sales mostly. Maybe Roy Taylor will have to go first.
http://seekingalpha.com/article/256...u-on-q3-2014-results-earnings-call-transcript
Vivek Arya - Bank of America Merrill Lynch
My question is on the restructuring that you are doing. Which areas will you deep prioritize, given this restructuring? Do you think you can afford to focus on the same number of markets or is it time to narrow the focus?
Lisa Su - President, Director and Chief Executive Officer
Relative to the restructuring, we have been looking at all of our markets across the company and all of the things that we do, both from an engineering side and a go-to-market side. From this standpoint, we are very much protecting the key engineering skills and key engineering investments. But as we look across our businesses and as we diversify from being a pure PC company into much more diversified business, and we found opportunities to streamline particularly on the Computing and Graphics side as we look at our go-to-market and our infrastructure around that.
David Wong - Wells FargoAnd Lisa, you have touched on this, but just to ask the question explicitly, will the restructuring involve discontinuing future development of any specific product line that you know about at the moment?
Lisa Su - President, Director and Chief Executive OfficerYes, David, I think that's really around streamlining our investments and ensuring that we're on the highest growth opportunities. So relative to discontinuing a particular product line, we are not discontinuing a particular product line at this time.
JoAnne Feeney - ABR Investment Strategy
Quick follow-up to that. Just wondering whether there is room in the C&G segment to make the kinds of cuts you need to make to turn that profitable, or if the competitive pressure under is constraining your prices so much and the demands on the research side are so much that you really in a difficult spot to cut those cost and raise that operating profit. Can you speak to how you would get that done?
Devinder Kumar - Senior Vice President and Chief Financial OfficerYes, I can address that and I'll ask Lisa to address how we are -- this is really methodical. I think you probably recall, and maybe that's what you're referring to couple of years ago when the PC market went down pretty dramatically in the 2012 timeframe, we did reset restructure. And I would say having participated in both of those at the CFO level, those were more across the board, but these are very targeted and very methodical, protecting the core technology, as I talked about, and making sure that we do not in any way disrupt the future technology and making sure that the long-term growth at the company level is assured and protecting the technology. Lisa, you want to comment on that.
Lisa Su - President, Director and Chief Executive OfficerYes, JoAnne, this is a really important point. So when you look our strategy and the model that we are trying to build, it really is around developing leadership IP, so that's core CPU and graphics IPs, it's actually used across both segments, and that's very critical and it's being entirely protected in this restructuring action.
When we look specifically in the Computing and Graphics business, relative to the overall infrastructure that was built around these two businesses, the businesses are smaller than they were before, and so there is significant opportunity to streamline how we operate, how we go to market, and just the overall infrastructure that we have. So from an R&D standpoint, very clear that those are the most important investments, and ones that will fuel long-term growth in both segments. And so those will continue. And we do believe that there is opportunity to streamline in the operational side.
/thread
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