AMD might be getting trounced by both Intel and Nvidia currently, but they are still managing to improve their financial situation. For Q4 2007, AMD managed to improve earnings - though not by much. Still, despite them losing considerably in the CPU market and taking a big hit with the purchase of ATI, they still managed to do well enough to inspire hope. Barcelona sold well considering how late it was released, and revenue from CPUs was up 11%.
I'd like to think that AMD knows what they are doing. More than that, I'd like to think that both their CPU and GPU divisions have more in store than the disappointments they've delivered in 2007. Given that they did manage to give themselves a boost towards the end of the year, hopefully the worst is over. Phenom, Fusion and other things await us, though it may not be enough to sway those they lost to Core 2.