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Weatherford International and Advanced Micro Devices News: (NYSE:WFT), (NYSE:AMD)


New York, NY -- (ReleaseWire) -- 05/03/2013 --Weatherford International Ltd. (NYSE:WFT) reported first quarter 2013 revenues of $3,837 million with net income of $117 million, or $0.15 per diluted share, excluding after-tax losses of $95 million. On a GAAP basis, our net income for the first quarter of 2013 was $22 million, or $0.03 per diluted share.

First quarter revenues of $3,837 million were seven percent higher than the same period last year and down five percent sequentially. International revenues of $2,145 million were up 17 percent over the same period in 2012 and down ten percent sequentially. North America revenue of $1,692 million was up one percent sequentially, and down four percent versus the same quarter of 2012.

Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide.

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Advanced Micro Devices, Inc. (NYSE:AMD) announced a strategic focus on developing one-of-a-kind solutions through its Semi-Custom Business Unit based on the extensive set of intellectual property (IP) amassed across AMD processors, graphics and multimedia.

Providing to customers a level of flexibility and differentiation that goes beyond standard AMD products, the business unit takes AMD to a new level of customer-centric design by integrating these building blocks with customer-specific IP to create tailor-made solutions using a flexible System-on-a-Chip (SoC) design methodology.

AMD's high-performance SoC processor design methodology provides a modular approach, leveraging best practices to readily re-use silicon IP and design building blocks.

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