AMD beats expectations but accounting write-off leads to a huge $590M net loss

Chip maker Advanced Micro Devices reported today that its first quarter results beat expectations, but the company had a big loss of $590 million. While AMD is very competitive with its product line-up, the results show that it’s not easy to keep waging in the unending war with Intel, the world’s biggest chip maker. Worth noting is that the loss is due not to operations but to an accounting charge.

NetworkClean does give a damn about your bad reputation

NetworkClean, a new tool that scans your Facebook profile and flags anything it finds that could damage your reputation, thinks I should tone it down with the booze talk, aggressive and offensive lingo, and naughty adult-content on my Facebook profile. I admit, I was a bit surprised at the findings, but not so much that I had to put down my glass of pinot.

Nokia’s head of sales steps down after it reports $1.7B first quarter loss

The tough times continue for Finnish phone giant Nokia, which has struggled to keep up with Apple and Android in the smartphone era. Today the company announced its results for the first quarter of 2012. Net sales fell sharply year over year from $13.6 billion to $9.7 billion. The company took a $1.7 billion loss on those sales, and Colin Giles, the head of sales, stepped down after 20 years at the company.