Previous Statements by AMD
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ATEC participated in the cash calls and AMD did not. As a result, AMD's ownership on a fully diluted basis also decreased to approximately 28%.Reconciliation of all non-GAAP financial measures disclosed today are included in the financial tables that accompany our earnings press release, which are also available in the Investor Relations section of amd.com. Before we begin today’s call, I’d like to caution everyone that we will be making forward looking statements about management’s expectations. Investors are cautioned that those statements are based on current beliefs, assumptions and expectations, speak only as of the current date, and involve risks and uncertainties that could cause actual results to differ materially from our current expectations. The semiconductor industry is generally volatile, and market conditions are particularly difficult to forecast, especially in light of the current state of the economy. We encourage you to review our filings with the SEC where we discuss the risk factors that could cause actual results to differ materially from our expectations. You’ll find detailed discussions of such risk factors in our most recent SEC filing, AMD’s quarterly report on Form 10-Q for the quarter ended March 27th, 2010. Now with that I would like to hand the call over to Dirk. Dirk Meyer Thank you Ruth, and in an environment of healthy demand for IT products, AMD delivered another solid quarter of revenue growth and operating performance. Our second quarter results demonstrate that we can generate profits while continuing to transform the business to achieve our short and long-term goals. Demand for our GPU offerings in the quarter was very strong, and shipments were tempered only by supply constraints. This was the second straight quarter of record GPU shipments, led by an 18% sequential increase in Notebook Discrete units. More than half of our GPU shipments in the quarter were DX11 capable, and we have shipped nearly 16 million DX11 GPUs to date.
In the second half of the year, we expect GPU demand to remain healthy and supply constraints to ease. We remain on track to bolster our GPU leadership with the introduction of our second generation DX11 graphics products, later this year. We completed the rollout of our high-low server products. We are targeting power and value conscious markets with the new Opteron 4000 series we introduced late in June. The Opteron 4100 series processor is the world’s lowest power, per core server processor and the first CPU design specifically for cloud datacenters.We are targeting performance oriented markets with our Opteron 6000 series. Shipments of our 6000 series nearly quadrupled sequentially, ramping late in the quarter as our largest customers transitioned the bulk of their AMD based offerings to the new platform. We expect to see the substantial impact of our new generation sever products to fully materialize in the third quarter. Turning to our client DC business. Customer response to our newest AMD VISION client offerings is outstanding. We more than tripled the number of VISION branded platforms in the market compared to just nine months ago. The launch of our latest VISION offerings was the most successful platform introduction in our history, driving record mobile CPU unit shipments for the quarter. We secured more than 130 design wins, spanning multiple price points across both the consumer and commercial markets. Customer adoption of our (inaudible), the mainstream notebook platform in higher priced bands is a testament to the competitiveness of our platform offerings. The broad assortment of VISION offerings positions us well for the key back-to-school and holiday buying cycles. We are very pleased that Sony is now offering notebooks based on AMD CPUs as part of its vision enabled VAIO notebooks. And we welcome Sony back to the ranks of AMD CPU customers. Read the rest of this transcript for free on seekingalpha.com