Nvidia pulls off Project Blowout in Q2

Last month, Nvidia promised to bomb its second quarter. Today, the company delivered on those promises in smashing fashion. The graphics chip maker's revenue dropped 5 per cent to $892.7m. In addition, the company posted a net loss of $120.9m, which compares to a profit of $172.7m in the same period last year. Perhaps worst …

[Anonymous Coward]

Ah poo

If the stock had dived huge I wanted Via to pick them up

BTW $1BILLION DOLLARS, where did they find that!

[Andy]

where did they find one billion dollars?

they call up the US congress, and UN on video phone, smile, put pinky digit to mouth and say, "i want one billion dollars, or your laptops shall explode... mwahahaha!"

[TeeCee]

Re: $1 BILLION

Presumably there's a seriously large and very important mattress somewhere in the nVidia empire. They certainly didn't fund this out of profits.

Said mattress is probably vollueing at their performance and globbering for them right now.

[Jack Harrer]

I love stock markets...

NVIDIA lost $120.9m, will pay additional $196m, said that everything is much worse than expected and is buying extra $1bn worth of shares back... and share price is going up 10%!!!

I know, I know, share buyback and all... Still ridiculous, isn't it?