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Almost universally, companies exist to make a profit for shareholders.
This has proven a challenge for AMD in the past.
With execution on the 3-stage plan well underway, are there any obvious metrics we can check?
Is there something we can look at to see if genuine progress is being made?
“As a company, we’re executing, which is crucial”, said Byrne. “We have told the market that AMD will not drop below $700m cash on hand going forward, which will fund our initiatives”.
“In Q3 2013 we achieved sequential revenue growth over 26%, with a good inventory position and a cash balance of more than $1 Billion”, said Byrne. “Q4 was up another 9% on that”.
“The future is changing. Now every market needs massive parallelism and that’s an area where AMD has a significant advantage”, he told us. “Sure, AMD will carry on creating products for the traditional markets like graphics, chipsets and processors for PCs, but it’s crucial that we lean into the new markets”.
Byrne told us that attracting experts like Raja Koduri and Jim Keller back to AMD has given the team a major boost. Both returned to AMD after stints at Apple.
When you lose top tech gurus to a company like Apple, it's easy to see why. Apple is (at times) the biggest company on the planet with a massive ability to impact society with its innovations. In order for that kind of guru to return, they must have a strong belief in the future roadmap at AMD.
