AMD No Longer Seeing Red

Last Thursday our favourite underdog semiconductor firm AMD released its quarterly financial report for the fourth quarter of 2009 and it clearly shows that the struggling American based company are finally out of the red and seeing a profit for the first time in far too long.

The report, well, reports that Q4 revenue for AMD was up 42 percent over the same time the previous year to $1.646 billion. Of that, $1.288 billion was reported to be their operating income. However, perhaps disturbingly, the report goes on to suggest the vast majority of that cash (a sum to the tune of $1.224 billion) is from a “net favourable impact” largely due to the recent legal settlement with rival giant Intel.

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