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Magnachip Semiconductor Corporation (MX)

NYSE - NYSE Delayed Price. Currency in USD
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13.40-0.02 (-0.15%)
At close: 04:00PM EDT
13.84 +0.44 (+3.28%)
Pre-Market: 07:07AM EDT
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  • S
    Stephen
    When does the $37.5M stock repurchase begin?
  • P
    Pylesm
    Just wondering where's Cal? All his posts from this year have been deleted.
  • S
    Stephen
    MX should probably sell it's last FAB for maybe $300M and then be a design only house with it's IP, maybe the stock would be worth something more than it's present price.
  • J
    Joe
    Magnachip also announced today that the Board of Directors has activated the Strategic Review Committee to assist the Board in reviewing, considering, exploring and evaluating strategic alternatives that may be available to the Company to maximize shareholder value. The committee's mandate is to review the Company's capital allocation plans and actively explore potential strategic and transactional opportunities, including, but not limited to, joint ventures, strategic partnerships and M&A possibilities that may arise in the future, and make recommendations to the Board regarding those matters, as appropriate. The Strategic Review Committee includes directors Melvin Keating, Ilbok Lee, Camillo Martino and Gary Tanner.
  • A
    Anonymous
    Time For Someone To Make An Offer. Can Get The Company For Free With The Cash They Have!
  • A
    Anonymous
    Go Needham.
  • i
    itsanhol
    Google this: "A China-Taiwan conflict could lead to a catastrophic semiconductor shortage in the world
    Taiwan manufactures roughly 50 percent of all the world's semiconductors", dated Aug 2nd
  • S
    Stephen
    Interesting what Samsung calls one of its cellphone divisions: "We want more of our customers to experience and enjoy foldable phones,” said TM Roh, president and head of Samsung’s mobile experience, or MX, division."
  • A
    Anonymous
    this is a cheap way for udc (oled) to buy into the supply chain.....
  • A
    Anonymous
    Slow And Steady Rise To $22.00. NEEDHAM!
  • A
    Arbitrageur
    All BOD members must resign for failing to sell the company...
  • S
    Stephen
    Nice upward push. The shorts may be reducing their positions, taking the opportunity to buy at this considerably lower price that has not been seen for two years. The last short report of 7/31 showed some decreases in the short positions ~1.18M versus 1.38M from 7/15.
  • A
    Anonymous
    Somebody Picking Up Some Shares?
  • i
    itsanhol
    Korean media still refer to the procedure as ongoing / running. That's by Google translation. So, it's your decision if you will wait or not.
    Bullish
  • i
    itsanhol
    Magnachip sells to Samsung and other Korean companies. Tensions in Taiwan the biggest advanced chip manufacturer upgrade the significance of the Korean peers.
  • d
    dec
    Almost trading at book value per share
  • L
    Leon Battista
    Bloomberg: "Korea LX Group Says No Decision Made on Magnachip", regarding media report that LX may drop out of bid for the chip maker."
    But if you want to give some gains to shorters, believe the rumors instead of LX Group announcement.
  • J
    Joe
    NVIDIA (NASDAQ: NVDA) today announced selected preliminary financial results for the second quarter ended July 31, 2022.

    Second quarter revenue is expected to be approximately $6.70 billion, down 19% sequentially and up 3% from the prior year, primarily reflecting weaker than forecasted Gaming revenue. Gaming revenue was $2.04 billion, down 44% sequentially and down 33% from the prior year. Data Center revenue was $3.81 billion, up 1% sequentially and up 61% from the prior year.

    The shortfall relative to the May revenue outlook of $8.10 billion was primarily attributable to lower sell-in of Gaming products reflecting a reduction in channel partner sales likely due to macroeconomic headwinds. In addition to reducing sell-in, the company implemented pricing programs with channel partners to reflect challenging market conditions that are expected to persist into the third quarter.

    Data Center revenue, though a record, was somewhat short of the company’s expectations, as it was impacted by supply chain disruptions.

    Second quarter results are expected to include approximately $1.32 billion of charges, primarily for inventory and related reserves, based on revised expectations of future demand.

    “Our gaming product sell-through projections declined significantly as the quarter progressed,” said Jensen Huang, founder and CEO of NVIDIA. “As we expect the macroeconomic conditions affecting sell-through to continue, we took actions with our Gaming partners to adjust channel prices and inventory.
  • g
    geminidealer
    Yahoo deleted this message for some reason.

    I said it is possible that MX with lots of cash and issuning debt could opt to but someone themselves and stay independent.
  • A
    Anonymous
    Not Looking Good For Today's Results!?
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