Dirk Meyer delighted with himself over AMD financials

It was all “moving parts,” “sweet spots,” “game changing,” and “traction” on the AMD analyst call today, as a very self-satisfied Dirk Meyer pronounced that AMD employees had got their mojo back and were ready to “springboard” the company forward in the year ahead.

“We promised to lower our breakeven point, and we did. We promised to increase our focus on our core business – X86 microprocessors and graphics – and we have. We promised to execute on our roadmaps on time and on budget, and we did,” Meyer gushed.

“We promised to expose the truth about the monopolistic environment in which we were operating, and we did,” the pumped up AMD premiere said in a dig at rival Intel, with which the firm recently settled all outstanding legal disputes for the princely sum of $1.25 billion.

“We promised to execute our asset smart strategy and transform ourselves into a fabless company, and we did, and we made significant progress in improving our balance sheet and reducing overall debt by $2.2 billion with the creation of GlobalFoundries and other debt transactions,” Meyer mused.

“In short, we delivered on every major milestone to which we’ve committed in the past year, placing ourselves in a much stronger position in the quarters ahead,” he said, concluding with the old cliché that “good enough computing simply isn’t good enough.”

Meanwhile, analyst Jim McGregor from In-Stat told TechEye that while AMD was no doubt seeing  benefits from the increased health of the high-tech market, which is leading the economic recovery; as well as from seasonal increases and the popularity of its new products (particularly in graphics) the firm still had a way to go. 

“AMD did struggle a bit with meeting demand for graphics products and they are facing increasing competition from Intel in both PCs and servers,” said McGregor.

He added that in his opinion, AMD was “still behind the competitive 8 ball and still needs to increase the rate at which it brings new products and technologies to market, especially if it wants to make long-term gains in market share without sacrificing margins.”

Then again, who needs margins when you’re in a game changing sweet spot full of spark and traction, eh?