Will hit PCs, laptops and tablets by the second half of 2015
And then maybe a year after this , amd's rory has said there should be ??????????????
AMD: Short It on ‘Pipe Dreams,’ PC Declines, Says Bernstein
By Tiernan Ray
Bernstein Research analyst Stacy Rasgon today advises investors to “press the short” sale thesis on shares of Advanced Micro Devices (AMD), which he rates Underperform, witha $3 price target, arguing that the stock seems much too strong of late given what was an “atrocious” performance in Q2, announced back on July 17th. The stock, at a recent $3.84, is down 16% since the 17th, but flat since the big drop in the shares the following day.
“Nevertheless, we remain astonished at the strength (we had fully expected the shares to revisit much
closer to our $3 target price before they approached the neighborhood of $4 again).
“We believe now might be a good time to consider pressing the short,” he urges.
“The PC business appears to be in complete disarray, the console story has now lapped itself, future “opportunities” (e.g. new semicustom design wins, ARM servers, etc) appear more of a pipe dream at the moment than anything else, and (very tactically) Q4 numbers appear far too high to us.”
AMD’s PC revenue isn’t stabilizing, as the company claims, with desktop sharing falling from 16.3% to 15%, and notebook share slipping from 10.9% to 9.6%.
AMD’s shipments into the Sony (SNE) PlayStation 4 and the Microsoft (MSFT) Xbox ONE is a story that probably is peaking, in terms of revenue, this quarter, he thinks.
And the company’s promising new initiatives — chips for so-called micro-servers, new custom designs, etc. — actually offer little promise, he thinks:
I remember quite a few years ago looking at a just finished quarter for amd and they were bigger in games and the fans were gforce of amd and all they had made for the quarter was one million dollars. When you think they paid almost 6 billion for ati and the interest over the years must be enormous. Bad enough to buy it and then stupid enough to overpay and the worst is not admitting a mistake was made and leaving the mistake behind . no no THEY KEPT PUMPING APU APU.
get used to it shareholders . consoles = keep dreaming
nothing to reverse amd's fortunes on the horizon
Reverse dilution may be the only way to bring up the cash hoard ?
three new shares for each one outstanding would work I think.
Nico you were always funny and stupid , but now you are just stupid.
Its just not worth reading what you write.
Its time for the ignore button.
Look at what is actually going on not PR. yes nothing , just a constant burn of cash . In 6 months it will be the same just less cash . IN one year yep about the same and even less cash .
DO YOU SEE A PATTERN HERE ?
its hopeless !!!!!!!
NO PROBLEM , Some very good stuff on youtube plus movies . The best is you don't know how to do whatever and bang you see how to do it on youtube.
if rates go up they will be around a lot shorter. Next quarter or this coming one why should it be different from the past one ? What new amd products are selling like crazy and bring in big margins.
You have to realize the new chips that are just coming out now for lower end laptops will take the whole market and they are low priced.
What ceo tells the shareholders wait 18 months for ( hot sellers ) its not like amd makes jet fighters.
why do you have to agree with the " bashers " can't you see the co. is way behind in its field which is mostly computer chips ? Companies with big debt mostly don't make it especially if the company keeps doing the same thing that got them there. If not for the idiot fan club who think they know chips which is not knowing about business this company would be selling for sure below 2.00 . Look at all the garbage you get when you don't do your own homework. By that I mean all those blog writers like Alpha without common sense facts about the company.
sure looks like it . getting buyers for this " stock" is going to take time.
I think the funds should take it in the teeth for buying cos. like this with debt , clown management , and product offers not up to their peers and a long long record of losses .
Worry about the next move that will happen fast to 3.50
Time is ticking ..tick tock . ONLY 17 MONTHS AND 3 WEEKS TO NEW PRODUCTS TO SELL .
As soon at the new computers with the low low power usage and good performance start showing up in stores soon it will be like a 50 cal headshot to amd's chances of making a comeback. Intel will finally
be the one and only again !
I think amd is way worse than even those evil bashers think
Rory's remarks were to protect possibly against lawsuits when all of a sudden DUH the ship sinks.
18 months is 6 more quarters , if the next 4 are losses Rory no way has 18 months.
Great post Mr. Ace except for one line ... "AMD has no way out of the mess that you inherited." Yes he did come in to a mess but it was fixable at the time . Now the debt is bigger , the properties are gone , amd isn't in the newer products , and amd has nothing really different and hot to sell now plus the competition has moved years ahead of amd .
It was a farewell speech the way I personally understand it. Wory gets whacked and has to leave or he quits real soon ( after xmas bonus time ). 18 more months a year and a half of more losses.
I don't think amd withstands that.
I guess Monday we will see posts like APPLE LOOKING TO BUY AMD .
Sad as it is Ace we are looking at the END.