AMD has reported second quarter 2009 results.

AMD reported revenue for the second quarter of 2009 of $1.184 billion. Second quarter 2009 revenue was flat compared to the first quarter of 2009 and decreased 13 percent compared to the second quarter of 2008.

“The AMD Product Company successfully executed its product and technology roadmaps in the first half of the year, including introducing the Six-Core AMD Opteron processor months ahead of schedule. While we increased cash, exceeded our revenue plan and reduced operating expenses in the second quarter, gross margin was disappointing,” said Dirk Meyer, AMD president and CEO. “New platform, microprocessor and graphics introductions planned for the second half of 2009 position us well to improve margins and meet our financial goals for the year.”

In the second quarter of 2009, AMD reported a net loss attributable to AMD common stockholders of $330 million or $0.49 per share, which includes the net favorable impact of $86 million, or $0.13 per share, primarily from the sale of inventory written-down in the fourth fiscal quarter of 2008 as described in the table below. AMD’s operating loss was $249 million.

In the first quarter of 2009, AMD had revenue of $1.177 billion, a net loss attributable to AMD common stockholders of $416 million and an operating loss of $298 million. In the second quarter of 2008, AMD had revenue from continuing operations of $1.362 billion, a net loss attributable to AMD common stockholders of $1.195 billion and an operating loss of $569 million.

In the second quarter of 2009, AMD Product Company reported a non-GAAP net loss of $244 million and a non-GAAP operating loss of $205 million. In the first quarter of 2009, AMD Product Company reported a non-GAAP net loss of $189 million and a non-GAAP operating loss of $123 million.

Second quarter 2009 AMD gross margin was 37 percent, including a positive impact of 8 percentage points due to a $98 million benefit from the sale of inventory written down in the fourth quarter of 2008. First quarter 2009 AMD gross margin was 43 percent, including a positive impact of 5 percentage points due to a $64 million benefit from the sale of inventory written down in the fourth quarter of 2008. Second quarter 2009 AMD Product Company non-GAAP gross margin was 27 percent compared to 35 percent in the prior quarter.

Current Outlook

AMD’s outlook statements are based on current expectations. The following statements are forward looking, and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement” below.

Considering current macroeconomic conditions, limited visibility and historical seasonal patterns, AMD expects its Product Company revenue to be up slightly for the third quarter of 2009.

IBM researcher Shawn Hall inspects a new Blue Gene/P supercomputer. Dawn, the Blue Gene/P system being delivered to Lawrence Livermore National Laboratory will be capable of over 500 trillion calculations per second.The Department of Energy's National Nuclear Security Administration (NNSA) announced today a contract with IBM to bring world-leading supercomputing systems to its Lawrence Livermore National Laboratory to help continue to ensure the safety and reliability of the nation's aging nuclear deterrent.
 
"The longstanding partnership of NNSA, Lawrence Livermore National Laboratory, and IBM is ushering in an era of multi-petaFLOP computing," said NNSA Administrator Thomas D'Agostino.  "These powerful machines will provide NNSA with the capabilities needed to resolve time-urgent and complex scientific problems, ensuring the viability of the nation's nuclear deterrent into the future.  This endeavor will also help maintain U.S. leadership in high performance computing and promote scientific discovery."
 
IBM will deliver two systems: Sequoia, a 20 petaFLOP/s (quadrillion floating operations per second) system based on future BlueGene technology, to be delivered starting in 2011 and deployed in 2012; and an initial delivery system called Dawn, a 500 teraFLOP/s (trillion floating operations per second) BlueGene/P system, scheduled for delivery in the first quarter of 2009. Dawn will lay the applications foundation for multi-petaFLOP/s computing on Sequoia.
 
With a speed of 20 petaFLOP/s Sequoia is expected to be the most powerful supercomputer in the world and will be approximately over 10  times faster than today's most powerful system.  To put this into perspective, if each of the 6.7 billion people on earth had a hand calculator and worked together on a calculation 24 hours per day, 365 days a year, it would take 320 years to do what Sequoia will do in one hour.
 
Sequoia and Dawn will serve NNSA's tri-lab Advanced Simulation and Computing (ASC) program, which unites the scientific computing resources and expertise of Los Alamos, Sandia and Lawrence Livermore national laboratories. The Sequoia systems will be focused on strengthening the foundations of predictive simulation through running very large suites of complex simulations called uncertainty quantification (UQ) studies. In addition, the machines will be used for weapons' science calculations necessary to build more accurate physical models. This work is a cornerstone of NNSA's Stockpile Stewardship program to ensure the safety, security and reliability of the U.S. nuclear weapons stockpile today and into the future without underground testing.
 
Sequoia will have 1.6 petabytes of memory; 96 racks; 98,304 compute nodes; and 1.6 million cores. Though orders of magnitude more powerful than such predecessor systems as ASC Purple and BlueGene/L, Sequoia will be more 160 times more power efficient than Purple and 17 times more than BG/L.

Actuate Corporation (Nasdaq:ACTU), the world leader in Enterprise Reporting Applications, today announced the company's participation in the Red Hat Ready program for Red Hat Enterprise Linux from Red Hat, the world's premier open source and Linux provider. Companies seeking to cost-effectively distribute information to a broad set of users can now utilize the low-cost of Linux in combination with Actuate Enterprise Reporting Applications to ensure 100% adoption of decision-making information into day-to-day activities, thereby improving corporate performance.

Promise Technology, Inc., the originator and leading supplier of high performance low-cost SATA/ATA RAID data protection storage solutions, today announced that Avnet Applied Computing Solutions -- a division of global technology distribution leader Avnet, Inc. (NYSE: AVT - News), added Promise's line of RAID storage subsystems to the platforms for direct-attached storage enclosure solutions available through its Avnet FastBuild Storage online configurator. Avnet Applied Computing Solutions' online storage configurator offers original equipment manufacturers (OEMs), independent software vendors (ISVs) and solution providers with a way to quickly create customized storage subsystems online. A self-guided demonstration of the tool is available at: www.avnetfastbuild.com.

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