advanced micro devices Q408Financials

Advanced Micro Devices reported financial results for Q4 2008 and full year 2008. For Q4, revenue declined 35% year-over-year to $1.2 billion, and the company reported a net loss of $1.4 billion. For the full year, revenue declined slightly to $5.8 billion while the net loss widened to $3.1 billion. The Computing Solutions segment experienced significant operating losses for both the quarter and year. Advanced Micro Devices' financial position also weakened, with cash balances declining by over 40% and stockholders' deficit reaching $82 million.