A couple of additional points if I may.
1) Microcontroller manufacturers do very well during upturns in the economy. Historically Microchip last 20 years and Atmel last 10 years do very well when the semi cycle turns up. You be the judge...but I recommend you watch Mfg PMI's around the world and listen to large industrial concerns CC like GE.
2) We are nearing the end (December 31st of this year) the Take or Pay agreements that Atmel had to agree to to sell their 2 or 3 fabs, I forget how many that George Pelagos built. What a mistake that was! Bottom line. an immediate jump of 200 to 300 basis points in margin for Atmel..
"ATMEL MXT540S chip. It's used to enhace the touch sensitivity."
I ran across this when I was researching Nvidia's Tegra 4 prospects and yes the Mi3 uses Tegra 4. If you don't know Xiaomi of China...it has more market share in China than Apple with China Mobile..700M subscribers as their largest customer. The Founder is known as the Steve Jobs of China.
So I watched and waited. Pacific Crest came out with what they do best....a call for a short on 9/18 due to Atmel losing in phones. "Short into earnings". Well the day of earnings I bought because what can I say Pacific Crest hardly ever gets it right.....they just move the price to where it's compelling.
But with that said this phone goes on sale every week in 100,000 to 110,000 units and literally sells out in seconds to as much as 4 minutes. So far 4 batches sold for a total of 410,000 units.
Rumor is the 11/19 batch will be much much bigger.
Also check out Coolpad Magview 5.9 inch phablet and I suspect but not confirmed the Tegra Not will show Atmel Inside.
Bottom line Atmel is back in phones along with larger touchscreens and I suspect that is why Oppenheimer upgraded today!
P.S. - XSense don't know but I see this as an option which could pay off big.
I thought for minute that Amazon had picked up the Tegra Note 7. It still may. They are selling nice looking leather cases by Cush Cases with sstand for only $11.67. They may still pick it up, they carry the Shield. Hope so because my credit card gives me 5% off at Amazon this quarter.
Noticed on Newegg, that that really nice magnetic cover and stand sells for $29. And even though the tegra note comes with a stylus, a pro model stylus accessory sells for $19. Looks like Nvidia is taking a page out of Apple's playbook. The acessories probably carry 85% margins. LOL. Anyway it's good to see it out there.
I also hope Microcenter carries the tegra note too. I went and played around with the Shield there at my local store. Note: They are only in about 25 cities, but boy do they beat Best Buy hands down when it comes to service and technical know how.
Anyway sometime before XMAS I'm buying.
I'm sure he pointed out that he still owns 6M shares.
Note: Those close big whale investor conferences in New York are just the thing!
Nvidia just using cash from the vault. LOL
Oppenheimer initiated coverage on Atmel (NASDAQ: ATML) with an Outperform rating and price target of $10.00.
CES - Tegra 2. Do you remember Ibexx, I do! I made a fortune. OEM's we're lined up on the stage showing products. Heck even Motorola ran a Super Bowl ad. Get over it. Enough of the PR fluff. Cut the PR budget and if the OEMs like what they see, then they will announce as soon as they can.
P.S. - I am invested in in Nvidia because of Nvidia Grid and Tesla. I consider the mobile part like an option. It could make money or it could not. Either way I win because the BOD will shut it down if it doesn't.
Come on Ibexx...you know? You said phones would be announced at Barcelona not CES. At CES we would get Fluff and Stuff. So be it. But it's all a mistake. Hopefully it has changed. The Executive VP head of PR marketing is gone
My point is simply this... Cut the PR budget by $5M(Nvidia Corp earns an extra penny) and just issue a simple press release of design wins. Institutions, and big buck investors don't care for all this BS. All they want is to see the design wins.
The design wins drive earnings. Even simpletons like me can see it.
I knew that was coming Ibexx. But show the me the money! Cancel the CES Full Monty PR BS and just flash a few PR press releases of by OEM's of design wins. They are out there, just google and you will find them.
Think of it this way - cut the PR budget by $5M and earnings go up by a penny. Of course if your playing options earnings don't mean a thing. It's all about the hype.
KUALA LUMPUR--Intel Corp. INTC -0.08% plans to lay off by end-2013 an undisclosed but "relatively small" number of workers at both of its assembly plants in Malaysia, the U.S. chip maker's regional spokesman said Monday.
"Like any other large organization, Intel continually optimizes its resources in line with its evolving business requirements," said Nick Jacobs, Asia Pacific public relations director, in an email.
Local media reported earlier Monday that Intel will cut about 300 jobs at its plants in the northern states of Penang and Kulim. Intel declined to specify the total staff strength at the plants.
The Malaysian job cuts come after the Santa Clara, California-based company's September decision to shutter its oldest factory in Hudson, Mass., where some of the 700 workers will lose their jobs. The company is increasingly relying on larger, newer factories in Arizona and Oregon as well as plants in Ireland, Israel and China, where it regularly upgrades production processes that shrink the size of circuitry while packing more features into chips.
"We have recently conducted a one-off assessment intended to ensure that our workforce maintains the skills and competencies necessary for Intel's evolving business requirements," Mr. Jacobs said of the layoffs in Malaysia. The firm will offer market-competitive packages to affected employees and transition support where needed, he said.
The chip maker opened its first facility outside the U.S. in 1972, in Penang, which has grown to become one of its largest technology development centers in the world.
Coolpad which is #3 in smartphone sales in China is launching a 5.9 inch phablet using Tegra 4:
or just google Coolpad magview 4
his morning as a part of a special Single's Day (11/11) (or China's Black Friday) online sale with the online retail site T-Mall, Xiaomi put a block of 110,000 Mi3 phones (TD) up for sale at 12:33 AM. Two minutes later the Mi3 phones were sold out and Xiaomi was RMB 108 million richer. Xiaomi was the first vendor on T-Mall (China's internet retailing giant) to break 110 million in sales this morning.
As a part of the Single's Day (11/11) sale, Xiaomi put a block of MiBoxes, Mi2, and Mi3 phones (TD) up for sale at after midnight. The 50 thousand MiBoxes sold out in just over ten minutes. The block of 110 thousand Mi3 phones was sold out in two minutes. By 1 AM this morning, 31 minutes after the sale began, Xiaomi had generated RMB 300 million in sales revenue. The company has reported more than 400 million in revenue from today's sale alone.
Less than half an hour later at 12:56AM, Xiaomi's shipment warehouse in Beijing received details from the online orders and began moving products out the door within the hour. Over 500 Xiaomi staff worked through the night to manage the influx of orders.
Keep dreaming. Logan is not the answer for Nvidia share price appreciation. Won't even see a product until Google announcements in May. Tegra 4 and Tegra 4i will capture design wins until then. Slow and steady revenue climb is the answer. WS loves consistant earnings growth.
P.S. - Watch CES - Nada about Logan but plenty about Tegra 4i and Tegra 4 and Icera modem. Sell your out of the money calls and buy the stock for heaven's sake.
Not my first CES Rodeo!
Holy smoke, Ibexx. I agree with you....how strange.
I really love the take up of Tegra Note 7(as you said slickest marketing approach in a long while) and HP going full force into tablets with Tegra 4 leading the way. Last time I checked they launched there products world wide and they are #$%$ at Microsoft and Intel especially and have embraced Android. Was that why Jensen gave a solo performance on his love of Android. Last time I checked HP sold their PC products in 196 countries all at once at launch.
Waiting for a look at Tegra Note 7 with stylus, HP extreme 7 (a clone of tegra note 7 of course) and HP 8 Pro. Depending on pricing I'm leaning towards HP 8 Pro - Higher resolution and network carrier data modem most likely. Who knows but I will be buying one or the other this XMAS?
Yes HP, that old fuddy duddy PC maker. But alas perhaps they have seen the light. Meg Whitman a few months ago promised they would be very big in Tablets and soon. Called Microsoft an Enemy and even hush hush don't tell anyone Intel an Enemy. My goodness how things change. So what did they do; they release two tablets 3 months ago using a cheap Rockchip processor at a very cheap price and they didn't sell. Then they released the Slate 7 with Tegra 3 a month later and it sold somewhat more. Now they are releasing a 7 inch, and 8 inch and 10 inch tablet all with Tegra 4 next week. Their adverts are popping up all over the world. Hilarious.....it looks they have chosen Tegra 4 for their assault to be relevant in the post PC world. They even have a 21.5 inch all in one PC with Tegra 4 selling for $399.
For those that don't know. HP is tied with Lenova as the number one PC maker in the world.
Go to their website if you don't believe me.
I view this as a big positive and expect their HP 8 Pro to show up on a carrier with LTE at launch. Icera modem too!
"I still think T4 is short lived with T5 will be ready to go for the second half of 2014. T4 will be left behind if they don't."
Of course it is, but in the meantime T4 is all that's out there and watch next week with the launch of Tegra note 7 and just an importantly HP's Tegra 4 take up.
Sorry but I don't understand what your saying. Perhaps I did not express myself clearly so hear goes again.
TEGRA DOES NOT HAVE TO BE A SMASHING HUGE SUCCESS FOR NVIDIA STOCK TO GO OVER $20 A SHARE. It's just needs to cut it's loses. Do the math, it will take $1.3B in revenue from hardware products for it to breakeven. Less revenue is required from Kepler core licensing because that's 100% gross margin.
Auto Tegra is growing $100M this year, $200M next year. $450M either in 2015 or 2016. Many other embedded opportunities too. Tegra note 7 refresh when a new tegra comes out and one or two OEM wins and I do believe the Tegra Division can approach $1B in revenue. I just don't see it going over that. But that's OK because $0.60 additional cents will fall to the bottom line. If Logan fails...so be it. I have no idea if it will or won't but it doesn't really matter. They can do the TI thing and get out of the phone market layoff a bunch of people and get the same result......60 cents a year to the bottom line. I'm sure the VP and GM of the mobile division knows what I'm talking about.
Also, Nvidia embarked on 3 ventured 4 or 5 years ago and all were absolutely the right decision:
1) Tesla --- now growing 68% a year. This years revenue was $200M. Sure the TAM is only $1B, but still the costs are almost nothing.
2) Nvidia Grid - $100M or so next year could be a lot more and the costs are almost nothing. Nvidia thinks the TAM is 10B. I believe them.
3) Tegra - well right decision to go for it...but I believe 2014 will be the inflection point for Tegra or the scaling back of it's costs tremendously!!!! Either way I win....I'm just a stock investor and only care about my returns on my investment. It's a Capitalistic system I'm afraid.
Remember Two Out of Three Home Runs are phenomenal in the Tech World.
Actually I don't think so...No products with T5. Much much too early.OEMs will be center stage with a few T4i or T4 products but that's all! The modem is the big thing now, not the app processor.
In fact Nvidia may not even attend in full force this year. They are too busy arranging the bond for the huge stock buyback and somewhat chastened by what happened last year. Sure some goofer will show off IRA faceworks running on T5 with a power envelop that fits tablets not phones and all, but nothing of substance.
I really hope they have just grown up and will do it the Ti way...i.e. by press release. Just show me the confirmed design wins or a company licensing Kepler cores. Now that would be the biggest deal of all!
Do to the delay in introducing Tegra 4 and 4i....6 quarters have Tegra 3 and the acceleration of Tegra 5 Logan - 3 to 4 quarters after Tegra 4 the CES show in Las Vegas could be the most bizarre in the history of PR.
on one stage you might see OEMs holding Tegra 4 and Tegra 4i phones and tablets and giving launch dates in late Q1 and early Q2.
On another stage you might see Jensen and the full the PR staff showing off Tegra 5 and how it completely wipes the competition and Tegra 4.
To me the only thing that really matters is just a press release from an OEM saying phone or Tablet XYZ with Tegra _ will be in stores on X date. Anything else is a waste of time money and energy in my opinion
"NVIDIA will make Tegra work, and it'll be a nice, profitable business for them."
I'm not sure...they have built up a cost structure in the Tegra Division that is pretty high and will require a minimum of $1.3B in revenue at a 50% gross margin to break even. I see 3 possible outcomes:
1) Tegra Division reduces their loses to $150M a year from around $500M a year just by plugging away. Net positive of around 60 cents a share in earnings. Not chop liver at all.
2) Tegra Division reduces their expenses somewhat by selling, spinning off, or shuttering the phone effort and commercial tablets efforts. Continues efforts to promote Tegra, but for mostly licensing revenue. Continues the refresh with their video card partners. Back of the envelop calculation gets break even down to $1B and they actually get close. Net positive of $.80 a share/annually.
3) Close, spin off, or sell Tegra division IF Logan Tegra 5 is not a commercial success. Net positive $0.80 a share annually.
It's really up in the air what will happen but all 3 of the scenarios described above would easily drive the stock to over $20 a share. In the meantime dividend and share buybacks will support the stock in the $15 to $17 range as all this plays out. Note my time horizon is 12 to 18 months.