The "Death Cross was a non event as evidence by the pps...up .17 cents or almost 5% AFTER. It will turn into a "Golden Cross" in VERY short order...30 days or less. Look at the 21 day EMA...THAT is where the rubber hits the road.
My guess is $10-$20 per unit...royalty...Xbox360...as they just license their ip to them.
You won't get the tax loss credit on AMD because you bought it back within 30 days...know the rules.
Definition of 'Wash-Sale Rule'
An Internal Revenue Service (IRS) rule that prohibits a taxpayer from claiming a loss on the sale or trade of a security in a wash sale. The rule defines a wash sale as one that occurs when an individual sells or trades a security at a loss, and within 30 days before or after this sale, buys a “substantially identical” stock or security, or acquires a contract or option to do so. A wash sale also results if an individual sells a security, and the spouse or a company controlled by the individual buys a substantially equivalent security.
You wanted to pay taxes 12 months early instead of waiting 2 weeks to sell? Or you violated the wash rule...please explain why you sold. Any "at market" buy/sell on a stock trading tens of millions of shares will execute in seconds. If not, something VERY wrong with your broker.
The only scenario that makes sense is to book a gain (AMD) to offset a loss exceeding $3000?
Just one small problem with your argument...three letters...APU
Beema, Mullins, Kaveri
You are so eloquently full of #$%$. By weaker I assume you mean that all the data pointing to the contrary are part of a misinformation FUD campaign to sucker in new bag holders?
Better than expected PC market (3-5% better than forecast)
Better than expected game console sales (+1 million units)
Better than expected GPU sales due to cryptocurrency mining (most R9 AMD GPUs sold out)
$1.65 Billion and .11-.13 eps for Q4...write it down
Yes AMD makes ALL their 28nm GPU chips there. However, it is assumed they have moved their 28nm APU and semi-custom 28nm console chips to GloFo now that their "gate first" 28nm process is up and running well.
Finally the quote from today....
"AMD PC/graphics sales are likely to continue falling faster than PC units as Intel leverages its vast manufacturing and cost advantage to aggressively and profitably capture low-end share. Meanwhile, NVIDIA’s competitive graphics position remains as dominant as ever."
Read more: Oppenheimer Raises Red Flags on AMD, Broadcom, Cirrus - Advanced Micro Devices, Inc. (NYSE:AMD) - 24/7 Wall St. http://247wallst.com/technology-3/2013/12/16/oppenheimer-raises-red-flags-on-amd-broadcom-cirrus/#ixzz2neW86vZr
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Stock price was $2.62 when Oppenheimer wrote this BS last tear on 10-17-12. Share price is now $3.62. So they advised their customers to move "firmly to the sidelines" while AMD rose 38%!! LMFAO
Look at how WRONG these clowns can be:
1. "won't return AMD to operating profitability before 4Q14"...profitable 15 months earlier than Oppenheimer said 3Q13...WRONG by 5 quarters
2. "GM slide"...GMs rose from 31% to 36% from 2012-2103...WRONG by 500 basis points
3. "Prolonged cash burn appears likely"...cash Q3 2012 $1.2 Billion...cash Q3 2013 $1.2 Billion...WRONG just WRONG
In a report today, analysts at Oppenheimer made scathing comments about Advanced Micro Devices' (NYSE: AMD) near-term business prospects. Following up on AMD's disappointed earnings report, management announced a headcount reduction and plans to reduce opex by 25 percent. Oppenheimer believes the restructuring falls well short of what is needed.
"Mgmt's latest restructuring appears backward-looking and won't return AMD to operating profitability before 4Q14 in our model," said analyst Rick Schafer.
"AMD now faces a royal flush: share loss in DT, NB, Server, GPU and, the ace-in-the-hole, sustained GM (gross margin) pressure. Prolonged cash burn appears likely as GM slide and share losses continue. A lack of balance sheet support and/or fundamental catalysts keeps us firmly to the sidelines,” added Schafer.
I am modeling $1.65 billion and .11-.12 eps for Q4 just on the strength of semi-custom console chips (+1 million units) and a less severe downturn in the PC market (3%). This is well above the high estimate I could find at $1.58 billion and .08 eps. AMD's APU business, their semi-custom APU business, and the dense ARM-64 business is going to carry this company to new highs. The future is custom...the future is AMD
I agree with you 100%. Talk of buyouts are 99% of the time irrational. SeaMicro ip gives AMD a huge leg up in dense ARM 64 plays...especially since AMD can customize so easily and they bring years of server experience to the table. This potential ARM business, coupled with semi-custom APUs, and Kaveri...throw in some digital currency mining...Q4=blowout and AMD in 2014-2015 = 3x-10x
That's really not a good way to look at it. That $320 million was from the "Take or Pay" WSA from 2012...not 2013. They didn't "Take" enough wafers in 2012 so they have to "Pay". They paid $120 million already and are scheduled to pay the remaining $200 million in Q1 2014...again for the 2012 WSA. I can assure you that these "non-recurring" charges such as this $320 million are modeled into the numbers and don't show up in non-GAAP numbers anyways...which is what ANALysts and others use.
There will be a HUGE short squeeze...but not because of the reasons you state.
LONG 15,000 shares...
Sentiment: Strong Buy
Sooooo....give me your revs and eps. I didn't factor in GPU sales surprise because of the uncertainty and the console sales I am guessing 6 million vs 5
Q3 was $1.46 billion and Non-GAAP of .04
Guidance was up 2-8%
1. Consoles up 1 million units or $16 million revenue and .02 eps
2. PC down 3% vs down 10% or $84 million and .02 eps
3. Assuming no positive surprises in ARM contracts or GPU digital currency mining
4. Assuming no negative surprises in WSA, GloFo ramp on Kaveri, or GPU sales
5. Assuming high end of +8% revenue plus my upside surprises in consoles and PC
I come up with $1.6 - $1.65 billion and eps of .09-.13
Take the midpoint of $1.625 billion and .11 eps....my guess...well above consensus