Are you saying that the profit warning won't be quite as bad as the street expects?
More evidence that Zen is in trouble. It's not an embedded chip. It was supposed to be a top end server chip, but they killed off the top end server division. Looks like they are betting on ARM and dumping x86. ARM makes sense in embedded contexts but not in high end servers.
Maybe AMD is dumping x86 altogether. That should cut the market cap by around 90%.
AMD is unable to produce its newesr graphics chips in anything close to commercial volumes. They impact on revenues are almost nil. This will be the worst quarter in AMD history. The lead Zen architect leaves and a couple of weeks later there are mass firings. This is a company being shrunk down in anticipation of a bankruptcy filing.
But you're asking $2 billion for that 25% stake. We don't see how a company that hasn't launched a successful product in nearly a decade, despite having been better funded and better managed during that period than it is now, would ever be able to generate a return on that investment. We've offered $450 million for a 25% stake, which you say you cannot agree to because it will cost you more than the cash on hand plus that funding to fix Zen in the wake of Keller's abandonment of that project. We're not getting warm fuzzies here. You should accept our offer and then follow our plan of rapid liquidation of assets and divisions. It's worth more as scrap than it is as a sinking ship.
More shareholder money flushed down the same toilet as SeaMicro and the hundreds of millions in penalty payments to the Arabs.
Breaking on Digitimes - ZEN DELAYED! GF scroos the pooch at 14nm FinFET!
Ha ha ha ha ha ha ha!
There hasn't been a top-notch genius geek that has preferred AMD for more than a decade and a half.
AMD hasn't had one single success in any field in which it competes in over 15 years.
Most credible geeks long ago forgot about AMD. AMD is ancient history. Utterly irrelevant in the present, without a future of any kind.
When AMD collapses next year and exits business, where will you go fantard?
Sadly, no Zen yet but the team lead has quit or was fired without explanation.
Everything depends on Zen and it looks like Zen has failed.
I suspect Mudabala was dumping huge blocks after hours on Friday. Who else could dump 250,000 shares per sell order?
Keller is Zen. Keller leaving before Zen says that:
1) Zen may be broken and irreparable, so he's leaving
2) Zen may be badly designed, so he was fired
A good Zen does not support a Kellert departure.
I'd say that you are thoroughly scrooed, fantard.
He is (or rather was) the chief architect for Zen. His departure likely signals that Zen has hit a wall. Otherwise he's hang around age get the rewards of a successful launch.
Look out below fantard - this Pees o' sheet is going down harder than your wife on her boyfirend!
Jim Keller, father of the original Athlon, father of the MicroServer revolution, chief architect of the upcoming Zen and ARM server products bids "adios" to AMD.
So if the top dog designing Zen and the ARM server chip bails on you, does that leave a bunch of stooges trying to finish the projects?
Does that signal that those initiatives had hit hurdles Keller deemed to be insurmountable?
Put yourself in his shoes. If Zen was right around the corner, and if you know that it would be competitive, and if ARM server chips also were right around the corner, and you knew that those too would be successful, with the stock trading at historic lows, wouldn't you hang on for a few more quarters to cash in on the expected big stock value pop due to revenue growth and regained market share?
Of course you would. I think his actions speak for themselves. He is leaving because he knows AMD's future is bleaker than its present.
Sell! Sell! Sell!
Well anything is possible. Remember ra married rantusmaximus and ruckpral married a chicken. Though I don't think any of them lived in Tennessee...
Cannot be sold without Intel's consent since x86 belongs to Intel and has merely been copied by AMD!
Buyout impossible. The firesale sell-off of non-x86 business units begins.
AMD shareholders to lose EVERYTHING!
AMD has zero credibility in the server/data center market. After losing all of its server CPU market share and abandoning micro-servers leaving major customers like Verizon in the lurch, AMD will never again be a force in servers. Reputation and reliability are everything in servers. Zen is irrelevant in that regard.
At most Zen might win back some lost consumer desktop share - not even close to sufficient to keep AMD alive.
Bankruptcy by the end of 1H 2016 if not sooner.
Su and the other nincompoops paid millions just to keep them from jumping ship like the CMO.
Sadly AMD's lack of cash and sub-junk debt rating makes borrowing money or buying back shares impossible. Soon, keeping the water and electricity turned on at AMD's facilities will become impossible.
Hundreds of billions of dollars of high margin upside for each collaborator.
AMD? Nah. They're busy "selling" 28nm 10% margin console chips, and Fury and Carrizo chips and planning big layoffs.
AMD's channel is so stuffed with products that no one will ever buy, the coming Q3 inventory write down alone will be enough to trigger a debt default.
No way they can afford R&D - or utilities - without trimming fat elsewhere. Big layoffs coming no doubt. about it. Perhaps 20-30% of the remaining workforce.