You are not wrong on your points; even though you missed the analysts ones.
As far as the not so hyper coments comming from the mouthes of the AMD officers, you have to understand that AMD, besides being a humble company cannot, in any way or form, try to pump themselves. They have responsibilities with their investors and aggressive coments from them could stimulate the share price beyond reality and some people could suffer financialy from it in case of an "under deliver".
The processors revenue being $1.2b; slightly less than same period last year represents nothing more than lower prices compared to same period last year and, even at lower prices, the volume increased by 16%. So, should the output been less, you should have seen even less processors revenues.
$226 million loss is a huge loss indeed. However, it is half --- HALF = 1/2 --- of those $454 million reported just one quarter ago.
Off course they are more than confident that they will achieve profitability next quarter at revenues of $2b or near $2b. That would be only 20% over this quarter. While graphics might be lower as they said, processors will more than likely make up for the difference and more. Did you miss the "hundreds of thousands quad-core to be shipped on Q4"?.
C'mon, give AMD a break. They deserve a break after all.
Yes, congratulations to AMD and it's team. It was a fantastic quarter; everything considered.