AMD isn't on the NYSE. But the massive short interest is validation of everything I've been saying for ten years about this disaster. Nearly a quarter of the float is shorted. There are more fake shares than insider shares.
I will never have to cover.
He didn't consider the third side. That AMD finds some drudgery to perform to just barely keep its head above water for two more years, the way Rory took in the gaming console laundry. If Lisa Su was the answer with the plan to make this company really sing, she'd have brought it all up in the first meetings she had when she was hired as COO. Instead, she's been laying people off and selling real estate and pleading with lenders for revised terms. She's got no ideas that can generate the profits it would take to make this company climb above 5 again. But she can probably figure out a way to cookie-cutter what she has in place, and continue undercutting competitors on price. But if she misses on just one deal, it's all over.
The CPU is already an APU, with its math coprocessor and all those instruction-set extenders built in. And the GPU is, too, with physics processing built in. Trying to get too far ahead of demand with that stuff just leaves you with portions of your working silicon that people don't use and don't want to pay for.
Nonetheless, APUs took over the notebook segment. They just don't buy anything on a desktop, the only real value of which these days is the ability to plug in upgraded GPUs or multiple GPU cards. Without that, the entire desktop segment would have turned into little micro-format boxes by now. Much of it simply went to those and to notebooks a decade ago, anyway.
AMD has done a really good job of clinging to dying business instead of finding something truly transformative to keep it from sliding into oblivion.
AMD is guaranteed nothing for the next generation of consoles. The way its graphics capability is losing parity with the competition, they're likely to win no consoles in the next refresh. Which isn't for several years, anyway. AMD's console revenues and profits will decay continually until then. There are no "billions of revenue" left in that business.
And Rory got fired for locking AMD into it.
No, it doesn't. The floor is populated by cashiers and ticket runners. That doesn't expose you to "smart people" or impute any knowledge or insight to you any more than being a keyboard would. You were replaced by a machine. The trading floor today is a pastiche, a sham, a diorama, a joke. If you did indeed work on any trading floor, you'd know there's no value in trumpeting it here. And certainly no upside in calling out people who've actually spent several years analyzing the company and putting paid to years' worth of lies about it.
You've already embarrassed yourself here by pretending the floor is significant to trading.
AMD is a 40-year failure with scary management, talentless workforce, onerous supplier agreements, angry creditors, and disdainful customers.
Negative six billion in retained earnings, despite being one of only two suppliers of x86 chips through the internet boom, should tell you something about how AMD was run and what sort of losers have infested its C-suite ever since.
This company is being bled dry by chiselers. Hector #$%$ away the profits from x86-64 by buying ATI for $3 billion more than it was worth, then sold off the productive assets for a billion less than their value, and took a $3 million bonus for himself while jumping ship to go run the fabs for the Arabs, plus whatever he managed to steal from the markets by dealing in insider info with Galleon group's fixers.
Dirk tried to run it like a normal engineering concern, but the abnormal financial and productive structure eluded him.
Rory made horrible, prostitutional deals and took a massive pay package for it, which he's still collecting through the beginning of next week.
Now it's down to the kid from the back of the class with the nice handwriting but no street smarts at all and therefore no clue about muscling a profitable deal out of a savvy counterparty.
Soon this company will consist entirely of a court action and an offer to sell the logo and name for bus fare.
But I make a lot of money shorting the stock, so please, back up that bus and let me load it up for you.
I will never have to cover.
The big one is China. China is entering a phase of government injection of liquidity. That leads to currency devaluation. So products sold in China for yuan result in a lower number of dollars when the revenue is returned to the US.
AMD pumpers keep pumping that Chinese sales will be increasing, at exactly the time a sales increase in China will do the least good for AMD.
Lacking HSA would hurt AMD, but getting it implemented doesn't help it do anything more than just keep its job implementing things others have done sooner and better.
AMD is a wage-slave to technology, not a lord of the realm.
Pros don't trade AMD. They have 7000 stocks, hundreds of thousands of options, reams of bonds, and their NFL playoff brackets to worry about.
This junk is handled by algorithms and interns.
Of course you know the joke here has to be that your Italian broker converted it to 20 American shares and went to lunch with you order on his desk...
You must be using a magic exchange, then, because I checked the Level-2 between your posts and there was no order over 9k shares within a nickel of the best bid and ask. And there were way more than 20k in open bids, so a market order would have filled in 3-4 steps the second it hit the wire.
Call it a "cross-selling" agreement. He doesn't know what the other term means, and his tiny IQ is incapable of making the contextual leap.
I thought it was closer to the speed of a horse that can count.