This was asked by BoA analyst at the call but I didn't hear a direct answer. It is puzzling why the CFO won't answer the simple question of whether the payable needs to be addressed. Is it gone because the wafer supply agreement has concluded or is it rolled over to 2015.
Anyone got a clue?
seamicro. What a waste of money. The acquisition is the dumbest thing Rory Read had done.
The FirePro chip Mac Pro is a thousand dollar chip and there are two for each model. Given the discount to Apple, AMD should get at least a thousand per Mac Pro. I don't know how many Mac Pros are sold each year but if it is 100K, then the revenue is 100 million and if it is a million unit, then the revenue is a billion. Not bad a revenue stream. The iMac 4 K probably features m290 and m295 (tonga). These are lower cost, 200 dollar a pop and probably AMD sells to Apple for much less. Still, 100 million revenue per year. Not a bad number.
That is what Rory Read and Lisa Su did. They cut OpEx to make sure that AMD does not bleed money as the revenue goes down. No more betting the house to fight the 800 pound guerrilla.
The penalty paid to Global Foundry was the last big loss AMD had endured.
It is not likely AMD will go bankrupt because it is NOT losing money "yet".
In fact, it is about break even these years and it has been servicing its debt interests admirably.
Like I said before, AMD is left with its GPU division making all the profit. It semicustom and embedded business depend on its graphics as well.
One other thing you probably missed but very important to AMD's survival is that Global Foundry is now making a lot of products for AMD. Not just APU but also GPU and semicustom and embedded chips.
This has two huge benefits: 1. AMD gets lower wafer cost.
2. AMD satisfies its wafer purchase agreement easily.
AMD lost market share in 3rd quarter (before slashing prices) to Maxwell lineup of Nvidia.
We don't know 4th quarter figure yet.
The new 390x and 380x graphics are next generation that will blow Maxwell chip from Nvidia out of the water. You will see Nvidia drop prices to compete as well.
So Nvidia is selling into professional graphics market and it has been doing so for years and dominating the market. AMD is striving to do the same. It is actually gaining shares in this market from low teens to 20%.
Also, AMD is releasing mobile discrete GPU as well but I am not sure whether it will gain any share since Nvidia is very strong in this segment.
So, 2015 is bleak for AMD but not without shining spots. GPU is one of few.
what about new lineup of GPUs? 390x and 380x are expected to be released the fist half of 2015 and contribute to the revenue of the 2nd half of 2015.
does it even matter whether AMD shows anything?
AMD showed plenty in the past CES and the results are just as disappointing. Maybe Lisa Su decided to stop doing these kind of hot air shows and focus on things that actually mattered.
2014 revenue of $4.67 billion was down from $5.14 billion in 2013
but the last 3 quarters, AMD revenue is already $4.267 billion. Does it mean the 4th quarter revenue is only 0.4 billion? That would be way off.
Almost one year ago, AMD gave a presentation of the title above. This talk is a bit technical but still understandable to the masses. It generalizes the idea of HBM approach AMD is taking for this future GPU/APU.
Search: ISSCC tips hot circuit designs
AMD will disclose Carrizo, an integrated processor with its latest x86 core. The 28 nm chip measures 244.62 mm2 and packs more than 3.1 billion transistors. Its new Excavator core is 23% smaller and uses 40% less power than AMD’s previous x86 core.
Compared to Kaveri, Carrizo will increase 700 million transistors while using almost the same die area.
How is part of 382 million contract for delivering product called real money while 32 million for doing basically nothing you wouldn't do otherwise is not ?
Good job yahoo. This message is getting better and better.
The keyword is "unrecognized" tax benefit. This is just some tax credit that AMD is not allowed to take. No effect on the net income unless AMD makes a profit.