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Buggi:
Yeah, the 13000 wspw sounded way high, and not the way AMD has moved into new production in the past. Still, even 5k, 300mm wspw is going to provide a big jump in chip availability.
So it's a Soitec problem? I did read something about the difficulties in getting defect free SOI wafers awhile ago.
It sounds like 65nm is still on schedule.
Yeah, AMD has been at bringing up fab36 for a long time now so they should have some good chips available to sell, if for appearances only.
Anyway, thanks for setting things straight. I only know what I read and appreciate people pointing out flaws in articles.
Some things of note from the Inquires article:
http://www.theinquirer.net/?article=30385
"I visited Dresden two weeks ago, which is when the ramp up began."
and...
"The company execs recently gave the green light to ramp up the production to 13.000 wafer starts a week."
and...
"However, the situation is not entirely rosy. We've heard partners and distributors spreading a lot of bitter comments regarding AMD's tight supply of the processors, which is allegedly due to the "extreme success" of the Opteron Series 800's, which customers are really buying like there's no tomorrow."
And…
"The other buzz is that AMD has yield problem, and that's the main reason why some wafers are being built with strained SOI and others on "regular" SOI wafers."
me...
I was expecting the ramp to have started sooner than the date given. However, one has to remember AMD has had a rather long 90nm, fab36 development cycle so there are probably lots of pre-production chips to sell. At least enough so that AMD can still claim production sales in q1.
The rather bold move to 13,000 wspw out of the gate is probably the best indication that 90nm production is now mature and costs per chip are less than fab30. One could also read into the production starts that AMD is confident about selling what is going to be a huge number of new chips hitting the market. Otellini has to be shaking in his boots, or he should be.
It's hard to find anything not to like about the third blurb. Tight supply in general and AMD's top ASP chips selling like hotcakes has got to warm the cockles (are those like chicken nuggets?) of any AMD investor.
As far as strained SOI goes, maybe he's talking about DSL strain versus rev "F" strain? My understanding is that all AMD chips have some form of strain. Anyway, this is the first I've heard of this problem.
posting...
The supply voltage will be 1.5V, and the modules, including unbuffered DIMM, registered DIMM and FB-DIMM2, will be physically the same size and shape, but with a few more pins for functionality.
me...
Thanks, it sounded too good to be true.
Interesting, does this mean DDR2 and DDR3 will have the same pin layout? If so could DDR3 work with the memory controller on the new "F" processors? Any other sources for this information?
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=4687810&tid=amd&sid=4687...
you...
Is this the same strategy that left Intel with an inability to move their processors because they couldn't supply the chipsets? Personally, I don't buy it for a second. However, claiming a chipset shortage is less humiliating that admitting your processors are noncompetitive and therefore losing MS.
me...
Yeah, I had a hard time swallowing that line also, but since the official explanation made INTC's management look like a bunch of idiots I went with the INTC explanation. Anyway, we'll find out the truth at earnings time. Another thing that seems strange is INTC picking this quarter to drop the mid-q updates. Lots of things just don't smell right, but then I've got a nose that's sensitive to dead fish.
I find it hard to believe that all is normal at INTC when everywhere I go AMD products are occupying more shelf space than I've ever seen before. But then I hear the Elbonians are buying a lot of INTC processors to warm their yurts.
me...
Actually in a two company system the term price war means much less than in a more competitive environment. There are lots of restrictions on both AMD and INTC that keep both from getting into a bare knuckles, winner take all sort of knock down drag-out pricing fight. In AMD's case lower prices are the inducements AMD can give to get the market to absorb the extra production that will come out of fab36. There's no sense in AMD lowering prices anymore than scheduled production requires as there are definite limits on consumer demand and what the OEM's are willing to do. It takes time to build up the infrastructure that can accept the extra product, but AMD has been capacity constrained for some time so it already has demand for some of the extra capacity. This extra demand, not based on pricing but superior product, will allow AMD to lower prices and keep the expansion of fab36 rolling on. Of course NGA could put a dent in those plans, but for a couple more quarters there is little to fear from INTC in the from of price retaliation unless AMD starts taking huge hunks of market share.
Yes, so far most of AMD's growth hasn't hurt INTC too much since it has come out of additional market demand. If the market does start to slow down though this is one thing that could cause a wounded INTC to resort to pricing in an attempt to maintain market share. For the time being though the rational thing for INTC to do is to accept the losses in market share while concentrating on improving demand for its' product.
I don't think AMD ever said it plans to shut down fab30. I've said it before, but I believe fab30 could be converted to 300mm. At the time fab30 was being designed 300mm requirements were well understood and had fab30 been built 6 months later it is highly likely that it would have been 300mm. There's no reason to believe that the necessary infrastructure for 300mm wasn't put into place. Things like higher ceilings for the conveyers and additional power etc. In any case I think Hector has other plans for fab30 besides producing state of the art processors. If I'm right these plans should keep fab30 in use for some time before a refurb such as the one INTC did in Arizona becomes necessary. One thing to remember is that AMD has already more than doubled production capacity by going to a slightly larger fab and 300mm. 65nm in fab36 will again double capacity so there's not much concern about AMD being unable to supply the markets with or without Charter's production. Currently fab30 is producing at about 12m processors a quarter which implies that fab36 alone could be able to produce about 60 m units a quarter when completely fleshed out. Of course that assumes no increase in die size so probably 40m is a better estimate. Still that's 160m processors a year. I doubt if AMD will be producing at that level for quite a while, at least INTC had better be hoping so.
As far as the law suit goes just making the charges has increased AMD awareness and resulted in INTC calling off its' marketing dogs. So, from an AMD point of view the lawsuit has already achieved most of its' goals.
It's hard to say how the market will value INTC, but I would tend to agree that the market has taken more than a pound of flesh from INTC's hide. As you say there is room for both companies, and I expect both companies to expand out of the PC box as time goes on. For the time being though I expect AMD to continue making life miserable for INTC.
The move to 45nm will probably go the way the move to 180nm, 130nm, 90nm and 65nm has gone. INTC will be first out of the shoot and pick up the tab for being first while AMD follows along about a year later. With all the fabs INTC has it can afford to be on the bleeding edge AMD can't, currently.
Yes NGA is a big unknown, it very well could turn the tables back in INTC's favor, but realistically I think things have progressed too far for the genie to ever be put back into the bottle. However, given my emphasis on bob making money rather than INTC or AMD I'm relatively sure bob will do just fine. In fact bob has done great this year with AMD already up 31%.
Which brings us back to what this board is all about. No matter what your and the other INTC fans feelings are about AMD you have to admit that all of you have missed a golden opportunity to pad you bank accounts. Biases are terrible things for investors to have and fighting the market has proven over and over to be very costly. Certainly considering the amount of time you and your cohorts have spent on this board it seems a shame that you haven't been rewarded in some small way for your efforts.
Six degrees (or more) of separation.
Price wars are seldom entered into out of spite or vindictiveness, but rather are the result of the convergence of circumstances at a particular time that dictate such action. Of course one could point to INTC's flash pricing a couple of years ago as the exception, but in reality that was probably a calculated move by INTC to restrict AMD's access to the capital markets.
In a way one could say that today’s pricing action by AMD is the result of a decision Jerry made better than 8 years ago. That decision to hire Dirk, Fred, and the rest of the old DEC gang resulted in the K6 first and then the K7, which in turn led to the need for a new fab, which led to the creation of fab30 with a design that allowed another fab to be built on the same location. Continuing on, the success of the K7 then led to the K8, which in turn led to the need for fab36 and ultimately to the situation AMD is in today. Namely, AMD has a new fab that needs to be filled.
Of course the completion of fab36 isn't the only reason for the current pricing environment. Other factors such as the timing of the INTC lawsuit which resulted in INTC calling off the marketing dogs from hell, and the clear superiority of AMD processors to the hot and power inefficient P4 contributed to the current pricing environment. Inevitably, increased consumer demand for AMD's processors plus the muzzling of INTC's marketing resulted in more OEMs using AMD's processors and the expansion of product lines into new areas. All of these circumstances combined with lower costs due to 300mm production have now dictated that the time is correct to trade ASPs for market share. This is notably happening at a time when INTC is most vulnerable, not having competitive product and unable to fully meet chipset demand.
As one can readily see the pricing situation AMD finds itself in today isn't an accident, but rather the culmination of a carefully orchestrated plan implemented over many years.
From the INTC point of view, I fully expected INTC to use its' dual advantages of 300mm and 65nm last fall to adjust prices in an attempt to regain market share. But as it turned out certain factors intervened that precluded that course of action. Among those factors was a very strong global market demand for processors. This would normally have been an aid to INTC in its' desire to reduce prices, but due to typical, incredibly incompetent planning of chipset production and probably 65nm bining problems INTC didn't have a surplus of chips. I bring up the bining problems as a possible reason why INTC wasn’t able to free up space in the older fabs for chipset production.
In any case the demand for INTC processors has been declining for quite some time now which was another reason INTC wasn’t too keen on lowering prices. Since there was no guarantee that increased production could be sold due to insufficient demand the logical thing to do was to try and maximize revenues and hope for better days in the future. Up till now INTC has been fortunate that AMD was capacity restricted or things would have been much worse. For AMD the party is just beginning.
I know I keep harping on the subject, but from the above it should be obvious that the most important items affecting AMD and INTC success has been the quality of the decisions the companies respective management have made. Without a doubt, for the last 10 years or so and particularly under Barrett's watch, INTC has made a whole sting of unbelievably bad decisions. If INTC's management had wanted to destroy INTC and hand AMD the keys to the gold mine it's doubtful that they could have come up with a more effective plan. The jury is still out on Otellini, but thanks mainly to Barrett he has a very deep hole to extract himself and INTC from.
you...
Still can't get over that, huh? Did'ja see the recent article on how all the OEMs are going to I2? Probably not. How about the $10B? Probably not. How about the $140B market I2 is in of which Intel's share is $20B? Guess not.
BTW, it wasn't I2 where they got their lead, it was Intel staying with netburst.
me...
I'm sure AMD is thrilled that INTC continues to invest heavily in Itanium. The way INTC has the market split between Xeon and Itanium leaves the heart of the server market to AMD, which it is taking more and more of. After HPQ there's a rather short list of Itanium supporters of which IBM and DELL are notably absent.
Wrong, INTC never had a X86-64 back-up plan, and had to eventually adopt AMD's AMD64 when MSFT said they wouldn't support another INTC 64 bit standard besides Itanium. Netburst was a bust because it sacrificed power in the name of the speed god at a time when IPC and low-power were becoming standards.
you...
Yeah I am sure the AMD faithful thought the same when K7
was outclocking Coppermine and Intel brought out P4 with
only Rambus chipsets. Within a year P4 was shipping with
SDRAM and AMD started a string of 9 or 10 money losing
quarters.
me...
Yeah, but AMD was a very different company then. More or less continual mishaps, such as the Rambus fiasco, have helped enable AMD's transition from a one-trick pony into a company that is more than capable of dealing with INTC today, on any level. The Rambus memory issue gave AMD a shot at glory during a time when AMD didn't have either the infrastructure nor the products to take advantage of the situation.
Anyway, as mistakes go Rambus was small potatoes compared to the decision to make Itanium INTC's poster child over X86-64. INTC has been paying for that mistake for at least 3 years now. I can hardly wait for the next major guffaw, as the record seems to indicate that INTC keeps making bigger mistakes in an attempt to fix older ones.
Talking about Coppermine, I always wondered about that name since AMD had the copper interconnects and INTC didn't. I sort of attributed it to another sleaze-bag marketing maneuver by INTC to confuse the buying public.
you...
simply not as big an issue as AMD partisans like to make it
out to be, especially for PCs. The Yonah stomps all over dual
channel K8 products in SPECint and SPECint_rate at the same
clock rate using a 667 MHz FSB. NGA based chips will do the
same if not better but over FP and SIMD intensive workloads
too and at higher frequencies.
me...
All I've heard for the last couple of years from the INTC fans is that INTC will soon be stomping all over AMD products and it hasn't happened yet, so forgive me it I don't panic.
Anyway, AMD now has such a head of steam that it seems likely 06 will turn out to be the best year AMD has ever had, something the market seems to like, so I expect AMD's price appreciation to continue throughout the year.
In any case, should INTC's NGA products, at some time, prove superior enough to take back mind share and maybe market share, there should be plenty of time to react before the effects show up in the markets and AMD’s bottom line.
One thing I've been wondering about; given all the press INTC has been putting out about NGA, just what effect is this having on current sales? There seem to be more and more things being posted about excess INTC inventory being pushed into the channels at a time when AMD is sold out and only starting to recover from rather severe capacity problems. Under those circumstances one would think INTC would have no problems selling into the current market, yet those nasty rumors of lack of demand continue to persist.
One can only speculate on what effect AMD’s additional capacity will have on INTC’s Osborned products over the next couple of quarters. But, given the mind share gains AMD has accumulated and the increasing OEM support for its’ chips, it’s hard to see anything but a couple of very difficult quarters for INTC ahead.
you...
You want to know a secret? None of the current ATI or NVIDIA graphics cards will support the full capabilities of Windows Vista.
me...
Yeah, I posted an article about NVDA finally supporting MPEG-4 a couple of weeks ago. From my point of view HD is still on the distant horizon. I would be happy if they could get DVD working the way it should. Until recently line doubling wasn't even supported in DVD players and with any TV you purchase now you still have trade-offs in the areas of color and resolution. A friend of mine just bought one of Sony’s LCOS 60" TVs, and it's probably the best out there right now, but the blacks really aren't quite black and you can still see blurring in high speed movement. The nice thing about the SEDs is that they hold out the promise of the best of the CRT world with relatively lightweight and thin screens. With these sets we might finally get the displays that could take us to true HD, at some point in the future.
Right now it's basically a component world out there with all the wires and remotes, 4X3 Vs 16X9, NTSC Vs ATSC, connects ranging from S-video to HDMI and a plethora of native resolution devices along with STBs and audio ranging from stereo to 7.1. And that's the good news. Add tuners and GPUs and software and encrypted QAM and DRM to HTPC and you have a major mess.
Personally, if I could get DVD to fulfill its' promises and be able to receive OTA HD along time shifting capabilities in a single box and one remote, I would be happy for now. Throw in some decent software to manage it all and I would be happy as a pig in slop.
Toshiba SED
http://gear.ign.com/articles/680/680784p1.html
http://www.canon.com/technology/display/
I want one of these. Hopefully it will scale up well above 50". Now if they could just get Vista and MCE64 out. These things are going to help ensure a long period of PC upgrade demand as the media revolution sweeps the world. AMD better get going on that new fab pronto or they're going to be in the same shape they are now in a couple of years.
you...
Don't the OEMs get their products directly, rather than through the channel? I would think large sale orders would point to more of a retail or online outlet (Newegg or PCStop, for example).
me...
Yeah, I thought about that, but mike mentioned new product and I leaped to new PC's, probably incorrectly. Whatever, the numbers seem very large for a Newegg etc., but I may again be underestimating their sales. Are those guys in Ca?
I could think of a couple of scenarios that would have a GTW buying through the distribution channel. Say, GTW wanted to test the online sales waters, or maybe AMD couodn't promise delivery for some reason, like DELL coming onboard? A quarter of a million plus new chip sales has to be a big deal even for AMD.
Anyway, we should know soon enough. I'm sure someone will post if GTW starts sporting lots of new AMD machines, either online or retail.
WOW, great news. Could it be GTW? Their the only OEM I can think of in CA? That would sort of fit with GTW's recent reports of sales success with AMD and problems with INTC processors.
Thanks for the post, nice to get a touchy/feely report on the market. It continues to look more and more as if the only thing keeping AMD from taking huge swaths of market share has been the capacity thing.
you...
so, i got in at $14.99, envious of you $4 folks of course... I'm thinking about maybe letting amd take a breather. It's been quite the run. You know, the whole "you don't go broke taking a profit" ideology.
me...
So what's you game plan besides just selling? What are you going to buy that's better and why?
you...
Maybe I should have mentioned AMD's returns too.
me...
Yeah, let's not forget AMD which is up only 35% for January, including today so far.
you...
Secondly I don’t know how AMD claims earnings of 45 cents per share based on their pro-forma statement when they show a net profit of $205,269 and 473,709 outstanding shares which according to my calculator is 43 cents.
me...
Well AMD's site is showing $.45. As far as taxes go I wouldn't worry too much about them as I remember AMD saying somewhere that they are setting aside reserves now. In any case they shouldn't be a significant item.
"sub 30% in the 10-15 range in 2006. in 2007 will have to move the rate up again. maybe even this year. 07 popping above 15% level"
http://www.amdzone.com/modules.php?op=modload&name=Sections&file=index&req=viewarticle&a...
What INTC fans should be concerned about is the following from the CC.
"ramping fab 36 as rapidly as we can, and bringing foundry in the 2nd half of the year. 2008 fab 36 will reach capacity. quad core mix will have an impact on units. our unit capability able to go 40% up this year, and go up to 100 million unit capability in 2008. function of mix and demand."
you...
Here is my stab at trying to figure out costs of manufacturing CPUs between AMD and Intel:
me...
Yeah, I used to keep spreadsheets of costs and Performa income statements. They seldom matched reality, so I stopped doing them and just rely on obvious things. INTC made $.40 and AMD mad $.45, on an apples to apple basis, despite INTC's enormous advantages of scale. I know INTC is a lot more than processors and there are lots of other costs thrown into both AMD's as well as INTC's financials, but to me this says a lot about costs when both companies ASPs are considered. Other things like the number of employees needed to produce similar goods at both companies and the amounts invested in R&D and MG&A by both companies says a lot about the companies relative productivity.
As far as I can tell the way INTC is structured they need all those fabs and huge R&D/MG&A budgets just to stay competitive with AMD. Heck, they're even saying they need more. Well, it kind of makes me wonder, a lot.
Your numbers look as good as any I've seen and are probably in the ballpark.
you...
typical AMD fan wishful thinking post i thought.
me...
Well, personally I think NGA is going to have to be dozy to untrack the AMD train, but in any case we should have plenty of time to evaluate the threat before it actually becomes one. Second, I'm one of the skeptics that don’t believe INTC has any cost advantage over AMD. Actually, I think INTC has higher costs than AMD, way higher. This of course leads us to their manufacturing processes, which again I don't think are any better than AMD's and probably worse. Which inevitably leads us to INTC's marketing, which so far hasn't been able to put any pizzazz into the INTC lineup, and is unlikely to even with things like VIIV.
The last thing I want to do is delude myself with fan thinking, but from as dispassionate a point of view as I'm capable of that's the way things look to me. Of course things are subject to change, but AMD should have a couple of super quarters before any threat seems possible
you...
I agree with this post to some extent.
me...
Yeah, I hardly ever agree with everything posted and the longer the post the less likely that will be. However, the main thrust of the message, that the genie is out of the bottle and won't go back, is what AMD investors need to focus on. One of the things not given enough consideration is AMD's reluctance to speak out on anything of substance, so there are probably a number of things in the pipeline that we know nothing about.
All I can do is go on my past experiences. With the head-of-wind AMD now exhibits I would say it's going to be near impossible for INTC to return things to the way they were. At best INTC is going to be engaging in damage control for a very long time and that includes a successful NGA intro.
AMD's Middle East, Africa aspirations.
http://www.itp.net/news/details.php?id=19406&category=
Me...
from the saxman
More AMD Live
http://sify.com/finance/fullstory.php?id=14128726
me...
I'm beginning to think about just buying one of these rather than building my own. It will probably cost less and will definitely be a lot less hassel.
you...
Yeah, $20M charge is about right-- shouldn't come as a surprise, as the 10-Q/Ks have noted the prepayment penalty schedule: principal + interest (that part is fine, no charge) + an extra 7.75% of principal for paying it off in this particular timeframe. That works out to over $16M on this $210M of principal. The rest must be this fee or that fee.
me...
Yeah, as I keep saying earnings at turning points, either on the way up or down, are not good indicators of a company’s health. For companies turning up that is especially true as they have lots of things to spend money on that have been deferred. Cleaning up ones finances is an especially popular application of funds if for no other reason than every company AMD does business with looks at them. Say AMD is telling a company that it will be able to meet its' demand for processors in the future because AMD is going to be building fab38. It's easy for the company to take a look at AMD's finances and determine how real that assertion is. There are plenty of other reasons for wanting a strong set of financial statements also.
These issues are really sideshows, nothing more than trading one asset for another. The big things are the capacity and demand issues, which are now coming into alignment with Aquarius, and hence peace will soon rule the planets etc. etc.
Still, it is important that everyone understands the price being paid, and this probably isn't the last of these one-time charge items we'll be seeing. Thanks for doing the digging.
Not much of a correction so far.
Given the January AMD has had, both in volume and price, $40 would seem like as good a place as any for a rest. If the bears aren't able to do more damage than they have done so far this morning this might prove to be a rather short pause.
Personally, I would just as soon AMD rested here for awhile, if for no other reason than to let the market and myself mentally adjust to the new situation. Lately owning AMD has been like living in a tornado.
you...
Fans, partisans, followers, watchers etc etc are all perfectly acceptable substitutes which do not carry any immediately derogatory and confrontational connotation.
me...
Well I never use any of those terms, but fans seems so non-descriptive. Maybe partisans is a better term though INTC partisans is a little long. Personally, I have a pretty thick skin and most things bounce off, but I can see how some might be offended. How about my usual INTCites, is that ok?
you...
AMD is trading at a forward P/E of around 20, INTEL about 15 (Y2007).
me...
Yeah, seems like some people are using TTM as an excuse. AMD has been going up like a rocket and that always makes me nervous but the reasons for this rise seem apparent enough. Frankly, I don't see what INTC can do about the situation until NGA at the earliest. Even then, I would expect a couple of quarters of carry forward of AMD sales until INTC could regain market share. That should provide plenty of time to get out of AMD if needed.
I sure hope people aren't relying on out of date analyst comments to come to their decisions.
Selling now when all AMD's stars are aligning seems incredibly naive to me. I know there must be some sellers that have very good reasons for doing so, I would really like to hear what they might be.
How about if we come up with generally accepted names for each side that all will use? Nothing derogatory, but something descriptive so that there is no confusion about whom we're talking. There is a need for such generally agreeded upon terms.
you...
It takes some awfully big balls to come over here and bad mouth AMD in an attempt to save us from our reckless investment strategy.
me...
What I would really like to know is what sort of a game plan the AMD sellers are following? Just what is it about AMD, at this point in time, that would cause a person to sell? Is it the capacity AMD now has, the processor design lead, the suit that has opened markets, the flood of new products that will arrive this year? Frankly, I'm baffled.
I read BS such as the PE is too high or it's gone up too fast and stuff like that, but where is the real analysis. More importantly what have they found that is a better investment?
Have any of the sellers considered what AMD is capable of earning if that fatted pig INTC can make $7.5B a q? Selling at this point seems like lunacy, but then what do I know?
you...
Those that can, do; those that can't, spellcheck. :))
me...
Yeah, I'm not the greatest speller either, but at least I try to make it a habit of checking my posts. Generally I'm more interested in content than grammar though.
The reason I post on these boards is not to convince others, but hopefully to be convinced before I make some major mistake. These forums with their stand, deliver, and defend protocols are great venues for verifying the veracity of ones ideas.
There is such a wealth of knowledge on almost any subject relating to investing on these boards that it's almost sinfully easy to get things right. As long as one approaches things with open mind.
you...
Yeah, I know, Works, doesn't it.
me...
Well, it just seems a shame that some people spend so much of their time following AMD and don't make a cent off their efforts.
you...
Bobs, you're invested in anything besides this?
me...
Sure, but AMD is by far my biggest holding. I've never seen the sense in investing in something that I thought was inferior in the name of diversification. So I tend to jump into my chosen stocks with both feet figuring I can get out before the crowd does if things go south. Of course that involves a total immersion sort of commitment to the stock.
AMD today is much, much less risky than it was a few years ago simply because it is a much more developed company. It is and will continue to be much more difficult to get blind-sided with the stock as the company continues to grow. Looking at INTC, the fall has been in slow motion, till now, and the same thing will apply to AMD when the time comes.
you...
So you've got yourself a 2-3x bagger, and you think you're the biggest investment genius since Warren Buffet? Please....
me...
Think about that a second. I owned INTC during most of it's high growth years, and my average price for my AMD holdings is somewhere between $4 and $6. And this was after 20 or so successful years in the market. I'm not a genius, but I have learned a thing or 2 over the years through persistence and a willingness to see and react to the obvious. The opportunities out there are endless one just has to be open to the gifts presented. Looking a gift horse in the mouth is no way to get ahead.
you...
It's worse than that. Intel doesn't have a chip that could be used in something like that. And it wouldn't be worth it to design one.
me...
good point, I forgot about that.
you...
And what makes you think he's wrong? Sure, the industry is enabling the $100 laptop, which is doing its job of enhancing the hype, but the broad market of end-users has not yet spoken. It's a pretty low end configuration that's operated by a hand crank. I'm not certain that's "good enough" for people to use as a computer.
me...
Besides the fact that INTC probably can't make money on the chip at the price it will be sold for and AMD can, there's the matter of 50/15 and the way it paints AMD as wearing the white hat. Comments like Barrett's are seen by everyone, not affiliated with INTC, as being sour grapes and this just hurts INTC's image. There's that tone in the statement that INTC knows what is best and anything else is just crap that turns people off. I think lots of people, besides me, are getting tired of this same old refrain.
Personally I like Hector's attitude of doing well by doing good. This project has all sorts of benefits in the public opinion area that will reap rewards later. Given that a large part of current growth is coming from developing countries and AMD is behind INTC in market penetration getting AMD into the limelight can only be helpful. Even revenue neutral would make the project worth it, and AMD will make money, Hector has said so.
you..
And since I don't criticise your strategy, I'd appreciate the same courtesy.
me...
Go ahead criticize all you want. So far though I don't think there's too much I would have changed. Regrets I have a few, but not that many. Anyway, my point is that events like this don't come along every day and missing them is a sure cause of self-flagellation. As the saying goes "opportunity knocks", but for those that won't listen, playing the game is an exercise in futility.
Believe me making money this easily can be a life-altering event. There are very few avenues available to the common individual that allow him/her to escape from the drudgery of 9 to 5. Missing out on a move like this just guarantees a life of servitude to others making the real money.
Damn
When I picked up those 5k shares the other day I said that AMD would soon be through $40. Was that only 2 days ago? AMD is on fire.
One thing; when can those 14M shares be sold? The buyers already have a nice profit locked in and may be inclined to dump some of the shares immediately? Anyway, any effects should be short-term with all the good news pouring in.
God the pain WBMW must be feeling has got to be incredible. Don't anyone let him near any high windows. Keith are you still thinking about selling and if so when?
$100 LAPTOP
http://news.yahoo.com/s/nm/20060126/tc_nm/davos_laptop_dc
me...
See what you've started Hector.
I especially like the taste of these grapes.
"Chip-maker Intel Corp (Nasdaq:INTC - news) Chairman Craig Barrett said last month the world's poor would not want the $100 "gadget," since it will have a limited range of programs and capabilities."