GF is only working for AMD just long enough to bleed it dry. Then it no longer has to waste valuable fab space on AMD's antiquated and broken designs.
HP is going to stop taking those losses, and their best strategy is to stop working with AMD.
GF spent AMD's money and created a valuable business. AMD spent the same money by giving it to GF and has had to continue selling assets to keep the lights on.
AMD is out of stuff to sell. It's done for.
My point is that for whatever reason you think this company has a future, you are wrong. Please read the fundamental facts and weigh them against the weak hype the pumpers and the PR-parrotting media are feeding you. I will keep repeating the truth because it will not be going away, and it bears repeating in the face of persistent attempts to cover it up.
Speaking of covering, nobody's doing that. I'm adding to my short position because these prices are not sustainable. Hype is my best friend, but I am your best friend in the world.
I will never have to cover.
And they stopped shipping Mantle. All you get now is the small subset of Mantle that comes with DirectX. Which does you no good on Linux boxes. Which are fast overtaking Windows boxes.
Haha. No, dope. The reason AMD isn't marketable is that it's a steaming pile of feces. The good parts were sold to Mubadala years ago.
AMD couldn't make any money running its own fabs, but when the Arabs got hold of them they became a $20 billion business.
Which Hector sold off for $3 billion just 7 years ago. Money AMD handed right back to the Arabs for products AMD then sold at a loss. GF continues to bleed AMD dry, forcing Lisa Su to sell off the assembly-test unit as well. Graphics is next. Then the shell will be imploded.
You've been scammed, dopes. And Ken Luskin/kenluskin is helping them scam you more.
Yes, you did, and that proves what I just said. Stop projecting.
And now you'll have to ignore him under his real name.
AMD is not on the business of selling chips. It is in the business of shipping cash to Arabs via its fab partnerships.
Read the story about Intel hiring Venkat Renduchintala into a position Intel had let sit vacant for 18 months (an eternity in this business).
Over that same time AMD's presence in all of Intel's markets went from weak to nearly invisible.
AMD is setting records for ineffectual, self-serving management.
There's not much left of it. We can erase the shares soon.
AMD shareholder equity is -$335 million (-$0.43/share) and net tangible assets are negative. AMD earnings are negative. AMD revenue growth saw an unexpected bump in Q3 (costs saw a much larger bump) but guidance is negative. Shares represent only red ink.
AMD has $2.3 billion ($3.03/sh) in long-term debt, which comes due starting in 2019. It has also used up half of its latest line of credit. AMD's credit rating is in junk territory. Most recent ratings:
Fitch: downgrade to B-minus, negative outlook (4/20/15)
S&P: downgrade to B-minus, negative outlook (7/8/15)
Moody's: downgrade to Caa1/Caa2/SGL3, negative outlook (7/28/15)
Nonetheless, AMD can not borrow money, and had to sell the assembly/test unit in desperation to raise cash. What their remaining $320 million in tangible long-term assets now consist of is a good question.
AMD Fury graphics technology including HBM1 does not compete favorably with nVidia graphics cards. Fury is severely supply-constrained due to yield issues. Lack of cashflow forced AMD to sell its assembly/test unit. AMD canceled other chips to conserve cash for Zen. Meanwhile, nVidia is testing first silicon of its new Pascal chip which uses HBM2. The status of AMD's HBM2 graphics chip, Greenland, is unknown. Internet rumors that AMD has a lock on Hynix's supply of HBM2 memory are based on blogger claims, not credible sources.
AMD Zen and Greenland will not be shipping until late 2016, missing OEM schedules for back-to-school and maybe xmas. Since Zen uses FinFET, a process new to AMD, production-ramp issues are expected. There is no sign of first silicon so AMD may not have these chips out for revenue until almost 2017. Zen's lead designer, Jim Keller, quit the company, leaving underlings to work out bugs.
AMD is being sued by shareholders for false statements made by executives in 2011. They claimed Llano development was proceeding properly; reality proved otherwise and the court has stated there is evidence AMD knew.
The interesting thing is the only published minimum cash level is like $250 million since the refinancing deal. But they get really really desperate when the cash hits $900 million. Which means there is a lot that AMD isn't telling its investors about where the pier ends.
If you are long this ticker you have thrown your money away. You still have a chance to go back and find it, but if you turn the corner with this stock in your bag it will be lost forever.
He's cost his employers hundreds of thousands of dollars in settlements, and now he spends his life trying to pump a 100-share position in this pig stock.
Just to remind people of what this lying criminal is all about.