Really? The stock action seems to suggest that AMD has welched on its profit promise for Q3. Could be the big BK for the Clown Company this time.
Someone is "high" and it's not console sales. Sony will sell just 5 million units through next March 2014. That means that for Christmas and for the next quarter, just 5 million units. WiiU sales are dead, so figure a half million units at most. Nintendo is mulling bankruptcy. Microsoft will sell fewer than Sony over the rest of this quarter and next quarter, so at most, through next March, there might be a total of 10 million units sold.
Those are Sony's, Microsoft's and Nintendo's numbers, by the way. So I strongly recommend that you quit using drugs and pull your head out of your rectum before it is too late.
NVDA and Intel were barely down at all on light volume. AMD was down almost 4% of massive volume, despite earnings being just a week away, despite all the marketing hoopla over consoles and SeaMicro.
Smells like a BIG MISS coming on the 17th. How much will it drop? 25%? 30%? More? Rory promised profits. If they don't materialize it could mean a 50% single day share price drop. He'll certainly get fired too if that happens.
Maybe AMD can't backfill its loss of market share to Intel and nVidia, and losses due to general decline in unit shipments in these segments with low-margin console chip sales?
Maybe there won't be a profit in Q3.
Gosh, that would be bad. In fact, that would probably cut the current valuation in half and most longs would lose their shirts.
AMD posts its open reqs on the website. Worldwide they have only two dozen reqs open currently. Pumpwad fantards aren't even good liars.
Compare AMD's paltry hiring to Intel, nVidia, Apple, Facebook, Altera, Xilinx, Micron or even lowly Marvel.
AMD is in massive contraction mode. Layoffs are coming.
Apple dumped AMD out of MacBook Pro and iMac, it's only high volume lines with discrete graphics.
Now high performance gaming system maker Origin dumps Radeon for the same reasons - #$%$ quality, #$%$ drivers, #$%$ support for OEMs and customers. In the OEM space, you are what you integrate and if you integrate AMD, you become #$%$.
How does it not hurt AMD? Intel has the products and financial resources to take away AMD market share at will. AMD is completely helpless to defend against any move to take away its revenue streams. That's what happens when you fall two full processor generations behind the competition. AMD will be bankrupt before 2H 2014.
"Prominent Competition Analysis
Intel has an EV/EBITDA ratio 5.59 and enterprise value of 112.93B in FY 2012. Looking at the competition, Advanced Micro Devices (AMD) has a comparatively abysmal EV/EBITDA ratio of -13.60 due to an EBITDA of -282.00M. Intel has a strong competitive advantage over Advanced Micro Devices and can push this financial strength and grab more of Advanced Micro Devices's customers and revenue streams."
If by "buyout" you mean a Chapter 7 bankruptcy liquidation of assets, then I wholeheartedly agree.
If instead you mean an acquisition of the company by another company, that will never happen so long as AMD is revenue-dependent on Intel's x86 license.
Bankruptcy has a very high probability. AMD ever achieving independence from x86 revenue has a near zero probability. Invest accordingly.
There are two things the Street will be looking at in AMD's earnings. The percentage of the CPU product mix allocated to consoles and AMD's margins. Those two data points will tell instantly whether AMD is going to survive or not.
While it is true that they will become more efficient after a couple of quarters, it is also true that more consoles will sell in the first two quarters than will sell over the 8 quarters that follow. So even if per chip margins for console chips improve, the total revenues from console chips will drop precipitously. Much faster than minor improvements in margins can cover.
The rumor I'm hearing from market makers is that it will open between 60 and 90 cents below Friday's close. Apparently the Q3 profits didn't materialize?
"You had better hope that INTEL is not the only one left."
What a stupid statement. Intel clearly isn't the only one left. Right now x86 PCs are being decimated by ARM mobile devices. Samsung, Apple and Qualcomm are capable of giving Intel plenty of competition. Something AMD has never really been able to do. PC prices are coming down regardless of AMD's existence or extinction. As tablets and phones become more capable (check out the Anandtech testing of the new Apple A7 64-bit ARM chip), they will become true alternatives/replacements for laptops and desktops. Also, a quad-core A7 in a notebook would be faster than any but the top of the line quad-core A10 AMD laptop APUs. So if it's not Haswell that kills AMD's PC business for good, it'll be Apple or one of the other ARM leaders.
Um SAIC is splitting. AMD is not.
That was Dirk's pink slip announcement. And is the board #$%$-canned Rory, the stock would definitely go way up.
Dude, methinks you're scrooed.
Gee, Cliffy, let's see...massive AH dumping on a sharply down trading day. What do you suppose it could mean? Could some news have leaked? Have you perhaps checked any other investment boards besides Yahoo Finance? Idiot.