We once had a fairly lively discussion board here. Now that the stock seems to be hitting all time highs almost daily any interest in rekindling it?
All this expense and time without earnings data for something that everyone pretty much admitted from day one would have not have a significant effect on the financials.
The beancounters truly have taken over.
The stock was up in the sixties a few years ago, and they didn't split it, so I wouldn't be holding my breath at these levels.
It would be nice to see them implement some type of cash dividend, though. The stockholders would appreciate getting thrown a little bone, and it might add to their institutional holders as some like dividend paying stocks.
Progress. Business seems to be going well for them so if the economy can stay out of the tank hopefully we'll see some more increases.
They should pay some sort of dividend (even token),IMO. I think it would help the price of the stock.
SIA Outlook Upbeat
By Ed Sperling, Electronic News -- 6/5/2002 3:04:00 PM
REDWOOD SHORES, Calif. -- This time it looks like good news. The Semiconductor Industry Association (SIA) forecast today that growth should continue solidly upward for the next 10 quarters, driven partly by a recovery in the United States and Europe and even more by new business in Asia.
The SIA predicts that for the year, overall sales of semiconductors will be down 3.5 percent in the Americas versus the previous year but is expected to grow 24.1 percent in 2003 and 22.3 percent in 2004, dropping slightly again in 2005. In contrast Asia/Pacific will grow 27 percent this year, keeping pace with the Americas in 2003 and 2004 and posting a slight gain in 2005.
And if that doesn�t sound positive, consider that semiconductors is the only industry that has made Wall Street money over the long haul, John Hodge, managing director of Credit Suisse First Boston Technology Group, told the SIA gathering.
'Semiconductors have been the best-performing stocks in technology,' Hodge said. 'Innovation drives it to outperform the market.'
But Hodge warned that as the tech industry matures, it will be affected by a number of factors besides innovation including macroeconomics, government intervention and oversight, and accounting practices. He says those factors will help temper growth, which was not the case in the industry�s startup phase.
In any case, the outlook could hardly be worse than what occurred last year, when the semiconductor industry�s sales dropped about $100 billion from the previous year. The SIA predicts that sequential growth will be up 4.7 percent this quarter, 9.1 percent in Q3 and 9.6 percent in Q4.
'One highlight [of this forecast] is that in 1999 to 2000, the United States was the largest consumer of semiconductors,' said Dwight Decker, chairman and CEO of Conexant Systems Inc., and the person charged with delivering the SIA�s forecast. 'In 2001, the U.S. decreased the most and Asia/Pacific became the largest consuming market.
Nobody knows if this stock (or any other one, for that matter) is going up, down, or sideways in the short term. If your DD convinces you that this company has the right stuff to be successful when the market turns around (and you have a little patience) then I would advise buy. If not, hold on to your money.
.....your constant predictions of doom and gloom for AMCC and the rest of the technology world are getting, well, a bit tiresome.
Is there perhaps something else you'd like to enlighten us on?
Everyone's entitled to their opinion, but if you look at the growth rates of the semiconductor industry over the last few decades you will find that the industry has done very well, as have people who invested in the stocks.
Who knows what will happen in the future, but there is no doubt that the economics work, despite what people like the author of the article claim.
.....300 mm fabs will cut the cost of semiconductors by 30-40% when they are fully ramped up.
Intel's problem, at least IMO, is that CPU's are about the only thing them make money on. The are funding a lot of other products (such as communications semiconductors) that are a big drag on profits.
If there is, why are TSMC and UMC spending over $4 billon between them this year to increase it?
....aphorism. Things are never as good, or as bad, as they seem.
Hey, if it's reducing Bay Area traffic, the slowdown is doing something right.
Hey, we all know that he realized Pearl Harbor was going to happen and did nothing, right?
Bush, I'm sure, was just following presidential precedence.
95% of the posts on these boards can't be taken seriously.
The challenge, of course, is to figure out which ones are the worthwhile 5%.
You're right that there's no turnaround immediately in the cards, but if there were you would be paying a lot more than seven bucks for this stock. AMCC has a lot of cash to make it to the next upswing, which will inevitably come. When it does, the patient in this stock will be rewarded.
....you might make your question a little more specific.
The guy list twelve things Microsoft is allegedly doing that he considers financial "pyramid building". Are you looking for someone to comment on just what AMCC is doing on each of those things?
.....every technology company (including AMCC) does some or all of what this guy is condemning. So if you think he knows what he is talking about (I don't) I would advise staying out of technology stocks.
....what makes you think that there is no turnaround in sight for this stock? Are its products obsolete? The markets it serves forever dead?
Don't forget it has got over a billion in cash.
It has the staying power to wait it out even if the upturn doen't come for quite a while.