Somehow the pumpers seem to have missed this story. They sure aren't pumping it.
Samsung is including a royalty-free AMD technology in some of its monitors. The chances it won't do the same with the equivalent nVidia technology? Nil.
This is zero dollars for AMD, and no competitive advantage at all. But you keep running around with your clothes on fire claiming it's the fourth of July. I'll be over here counting your ex-money.
Insofar as my last statements were a guess with a wide margin for error, no, I'm right.
And every time I read your posts I wonder if you're still alive by the time I've read them.
I love TA. It makes people buy and sell for no reason, and I profit from that.
The value of those shares is included in the RE accounting. AMD didn't get anything like $20/share for new issues. At slightly negative tangible value and $6 billion negative retained earnings it's clear its lifetime average is between $7.50 and $8.
All of which, of course, has been vaporized by writeoffs of various product losses, along with all gross profits the company has ever booked, not to mention revenues.
Depending on the company's profit history (which the company website doesn't admit to before 2008), the total amount of income from financing and selling and investing that this company has seen come into its hands and burst into flames is likely to be somewhere between $50 and $100 billion.
AMD is incredibly efficient at making its shareholders forget that the purpose of commerce is to make money, not merely to stay in business despite obvious signs they're terrible at it. And that, my boy, is the secret to my success.
I will never have to cover.
Considering how fast this company cycles through CEOs, that shouldn't be treated as a one-time charge on the Q4 ER.
There is no way in hell that AMD management has been making the revenue number look smaller than it actually is.
Congratulations. Dumbest post of the day. And you have stiff competition from longtime champion dopes.
In no way is a change in the box design worth increased sales. Nobody will replace their existing PS4 or Xbox One with a new one just because it looks different. Overall sales will continue to decline on a learning curve that started dropping at the beginning of the product life. Prices will decline as well. Microsoft and Sony will demand concessions from AMD.
The day has come and gone. And the perpetrator of that fraud has changed his name but continued to spew.
I will never have to cover. Just keep buying. That is your punishment for the day.
That ham-fisted chop with the axe is not nearly enough. 20% of the rest of them need to go, across the board. Line managers will have to pick out which of their workers are least productive. Then middle managers will do the same to line managers and groups. Then upper management will do the same to middle managers and departments. Then Lisa will have to get rid of at least one division.
And then it will be a smaller, leaner company, but still several billion dollars in debt and with a damaged reputation for repeatedly delivering junk, locked into onerous supplier and customer agreements, making products that are declining very rapidly in price and very slowly in cost.
BUY! BUY! BUY!
I'm getting an extra 2.5% for worthless shares today.
And I just sharpened all my crayons.
I will never have to cover.
After 40 years in business, after the rise of the microcircuit and the PC, the Dotcom boom, and the unqualified success of Athlon, you'd think AMD would have been somehow profitable for shareholders.
But it hasn't. The share price is below the IPO, the net tangible assets are negative, and $6 billion has simply disappeared, lost by the management through a long series of decisions that destroyed shareholder value.
Ask Jerry and Hector and Dirk and Rory and Lisa where that money went.
Then ask yourselves, longs, whether what's left of this company, after 40 years of repeated behavior, after grinding its assets and investors' capital into nothinginess, after firing a third of its workforce, is going to turn around and start to make money instead of doing what it does best: eroding value.
Recently, on Singles' Day in China, BABA did $9 billion in sales.
Let me repeat that: Ali Baba's one-day revenue was four times the market cap of AMD.
And I don't doubt a bit that the average selling price of the objects they sold was more than the share price of AMD.
They probably sold more than AMD is worth in iPhone cases alone.
No, you get those thumbs down because you're a dope. The thumbs up come from butt-hurt pumpers who are overjoyed someone else is acting as dumb as they are.
The console OEMs can go to another supplier in a very short time, and AMD knows it. These games are already compiled for three or four different platforms by default. OEMs can replace the hardware with nVidia graphics and either Tegra or Intel CPU cores.
Actually, at this point, the ATI graphics in these chips is a two-year-old core design, and the CPU core is some botch of the Jaguar, so Intel probably has an off the shelf APU with Intel CPU and GPU cores in it that can do similar performance already.
So you have this exactly backwards. AMD's part is fungible and AMD is desperate. AMD can be replaced and AMD can't tolerate any friction or disruption, while Sony and Microsoft can hold AMD's head under water for months waiting for AMD to capitulate.
gauging extrema in optimism and pessimism is even harder than gauging extrema in price. at least the price is posted every day.
What happens is people get the mistaken impression that this company can become significantly profitable with just a few small changes, then they make a longshot bet on it.
It takes them a while to become convinced they were wrong in their magical thinking.
Nothing in AMD's history shows it can fix itself. It will have to be ripped apart and put back together, without the debt and the nonperforming engineering departments and the huckstering, self-dealing management.
And, just like GM, the shareholders will be discarded as well. No reward for them.