GPU maker NVIDIA has taken a big Q2 '09 hit, reporting a quarterly net loss and a 5% drop in revenues compared to a year ago.Here are the details:
Two issues behind the loss:
Here's what Jen-Hsun Huang, NVIDIA's chief executive, had to say:
"Our Q2 financial performance was disappointing. The desktop PC market around the world weakened during the quarter. And our miscalculation of competitive price position further pressured our desktop GPU business. We have a great product line-up and, having taken the necessary pricing actions, we are strongly positioned again. Our focus now is to drive cost improvements and to further enhance our competitiveness through the many exciting initiatives we have planned for the rest of the year.
"In contrast, the rest of our businesses did not exhibit the same dynamics as our desktop business. The notebook GPU, MCP, and Professional Solutions groups grew a combined 27 percent year-over year."
The company offered no guidance for Q3.
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