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Synopsys Inc. Message Board

lakers_w 6 posts  |  Last Activity: May 18, 2014 12:06 AM Member since: Jun 13, 2000
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  • lakers_w lakers_w May 18, 2014 12:06 AM Flag

    According to Jon Peddie Research, 4.9 million professional graphics cards were sold in 2013. AMD accounted for 20% of the market and shipped 0.98 million professional GPUs (20% of 4.9). We estimate the global professional GPU market to increase to 5.2 million units in 2014. If AMD’s professional GPU market share rises to 30% (as predicted), then it implies that the company will sell 1.6 million GPUs (30% of 5.2), half a million more compared to 2012. Assuming that the entire increase is attributed to the Apple MacPro deal, this implies that Apple will be selling a quarter million MacPro’s (0.5 million divided by 2, since each MacPro uses dual GPUs) this year.

    Considering that the current demand for the new MacPro is outpacing supply by a wide margin, we don’t think selling a quarter million unit of the new MacPro is an unachievable target. The MacPro is a fast selling product and has a current waiting period of 5-6 weeks. [4]

    In the past, Apple has shifted between Nvidia and AMD graphics in the consumer space. If AMD manages to hold onto the Mac Pro deal, it stands to gain significantly in the long run. If the company also manages more design wins with Apple for its consumer products ( iMacs, Mac mini, Macbooks) in the future, it can gain additional share in the market. We estimate the professional graphics segment to account for 7% of AMD’s valuation.

  • AMD may reach 30% share in professional GPU market in 2014
    Monica Chen, Taipei; Joseph Tsai, DIGITIMES [Monday 23 December 2013]
    AMD may reach a 30% share in the professional graphics card market at the end of 2014, up from around 20% currently, because Apple has turned to adopt AMD's FirePro graphics cards for it new Mac Pro products, according to sources from the upstream supply chain.

    The market share rise is also expected to boost AMD's profitability in the year, the sources noted.

    The new Mac Pros have two workstation-level FirePro graphics cards.

    As for server-related products, both AMD's FirePro S10000 and Sky series GPUs adopt PCI Express Gen3, while Nvidia's Tesla K20C is currently still using the PCIe Gen2. Meanwhile, AMD's GPUs adopt OpenCL, an open platform, while Nvidia uses its closed CUDA platform, the sources noted.

  • lakers_w lakers_w May 1, 2014 5:01 PM Flag

    Altera gave a brighter forecast than rival Xilinx (XLNX), which expects revenue to be flat to up 4% sequentially next quarter. We continue to believe that healthy PLD demand from the Chinese 4G LTE buildouts will be a key driver for Altera for the foreseeable future. We believe the shares are attractive at the moment, trading at a discount to our fair value estimate.

    Engineers tend to become trained and well versed in programming PLDs from a specific vendor and will often stay loyal to a company's products because of the familiarity they gain with the software and design tools of that particular platform.

    In addition, once an electronics maker has chosen a PLD for an application, it will tend to stick with the chip because it would have to redesign its products in order to switch logic devices. These dynamics keep lesser PLD competitors at bay and also make it difficult for customers to switch between Altera and Xilinx.

    Additionally, the initial up-front costs of developing cutting-edge ASICs have risen exponentially as semiconductor technologies advance. As a result, the volume necessary to make ASICs cost-effective has grown substantially, which in turn has expanded the market opportunities for PLDs. This trend has allowed the PLD segment to outgrow the overall chip industry and will provide significant tailwinds for Altera.

  • lakers_w lakers_w May 1, 2014 4:57 PM Flag

    As mentioned, if you are not in the company's record books on the date of record, you won't receive the dividend payment. To ensure that you are in the record books, you need to buy the stock at least three business days before the date of record, which also happens to be the day before the ex-dividend date.

    Tailwind From China Propels Growth for This Chipmaker

    Altera (ALTR) reported strong first-quarter results, thanks to higher demand for programmable logic devices from the 4G LTE wireless infrastructure buildout in China. We are maintaining our $41 fair value estimate and narrow Morningstar Economic Moat Rating.

    For the quarter, revenue was $461 million, up 1% from the fourth quarter and an increase from sales of $411 million in the year-ago quarter. First-quarter sales exceeded the firm's January outlook of down 2%-6% sequentially, thanks to strong wireless telecom spending on 4G LTE infrastructure buildouts in China. The Chinese LTE buildouts helped increase PLD sales to the telecom and wireless segment by 14% quarter over quarter. Telecom and wireless is Altera's largest end market and accounted for 49% of total revenue in the quarter. As for the other end market segments, sales to industrial, military, and automotive customers grew 1%. However, revenue fell 20% and 3% quarter over quarter in the networking, computer, and storage segment and the other segment, respectively. Altera achieved a gross margin of 67.1%, down from 68.3% in the fourth quarter, because of product mix associated with higher telecom and wireless PLD sales. Operating income came in at $135 million versus $117 million last quarter.

    For the second quarter, management looks for revenue to grow 2%-6% sequentially, as it expects further growth in the telecom and wireless segment as well as the computer and storage end market. However, it anticipates the industrial, military, and automotive segment to decline while the other segment remains flat. Altera gave a brighter forecast than rival

  • The company also recently declared a quarterly dividend, which is scheduled for Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, May 8th.

    •Declaration date - This is the date on which the board of directors announces to shareholders and the market as a whole that the company will pay a dividend.
    •Ex-date or Ex-dividend date - On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.
    •Date of record - This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.
    •Date of payment (payable date) - This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled.

    Why All These Dates?
    Ex-dividend dates are used to make sure dividend checks go to the right people. In today's market, settlement of stocks is a T+3 process, which means that when you buy a stock, it takes three days from the transaction date (T) for the change to be entered into the company's record books.

    As mentioned, if you are not in the company's record books on the date of record, you won't receive the dividend payment. To ensure that you are in the record books, you need to buy the stock at least three business days before the dat

  • The 13 year ban on video game consoles in China has ended, but it’s taking a while for companies to be able to capitalize on the reversal. Things are especially tough for Microsoft MSFT -0.27%, not based in nearby Japan like Sony or Nintendo , but they’ve just announced when the Xbox One will make it to Chinese shores.

    The console will arrive this September, thanks to their partnership with BesTV which will take advantage of the Shanghai Free Trade Zone to make systems and games to sell to China. This news actually means the Xbox One could beat the PS4 and Wii U to China, making it the first foreign console to (legally) arrive in the country in over a decade.

    Before Microsoft fans start celebrating that opening up the Xbox One to China will allow it to surge ahead of the PS4 with a billion new potential customers, things are likely to be far more complicated than that.

    In fact, QQ reports that BesTV and Microsoft are only expecting to ship 100,000 Xbox Ones to China this calendar year. It’s not exactly as if the floodgates open and repressed Chinese consumers will suddenly all run out to buy $500 consoles, particularly since PC and mobile gaming is already massively popular there, and a huge black market exists for consoles and games already.

    There hasn’t been an official price announcement yet as to whether the Xbox One will indeed cost the equivalent of $500 USD in China. Though there were a few hints that games themselves might be cheaper than in the rest of the world. They may be sold for about 300 RMB, which would be less than $50 each.

    China is also practically a different planet in terms of market. Microsoft, BesTV and other partners will work together to make new games exclusively aimed at Chinese consumers. One subsidiary, E-Home Entertainment, had their chairman explain what’s to come in terms of game production:

    “Via our cooperation with the world’s leading team, we will continue to develop video games fused with Chinese culture and provide further

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