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I have not. I used the term "gross profit," which is reported on their annual income statement exactly as I suggested. You can argue whether I should have tal
by lvs 10y ago
I have not. I used the term "gross profit," which is reported on their annual income statement exactly as I suggested. You can argue whether I should have talked about their net losses, but you can't claim I've confused anything. You don't need to operate at a net profit in order to be able to devote resources to a strategy that you value as a company, but you do need cash flow.
http://ir.amd.com/phoenix.zhtml?c=74093&p=irol-fundIncomeA http://ir.amd.com/phoenix.zhtml?c=74093&p=irol-fundIncomeA