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The question is: unless a dividend is meaningful, why bother?
Some institutions follow a policy of only investing in stocks that pay a dividend. When Intel first started paying a dividend, one of the reasons offered was to become an eligible investvent for these institutions.
Of course you have to actually make money to have the ability to pay a dividend.
In other words, higher ASPs prove that Intel has lower prices.
Where did you say you learned you math?
For all practical purposes today, there is almost no difference between the utility of the 2 solutions today. But the introduction of an Intel b/g solution may stop the whining of the fan boys.
The same fanboys that, by the way, ignore the fact that AMD offers no wireless solution whatsoever. Another aspect of AMD's superior potential -- AMD does things so poorly that the if it gets gets anything half way right it is a huge improvement.
Not to confuse you with any facts but AMD does have 100% of the x86-64 market right now.
Not to confuse you with any facts, but the AMD 64 competes with 32 x86 bit processors because it has almost no 64 bit funtionality. See those Walmart no-bit-specified PCs that are sold next to the bags of fertilizer in the garden department.
What 64 bit market are you talking about?
The options granted to the executive officers were less than 1% of the total option grants. As GB pointed out, the option grants run from the top to virtually all exempt employees at Intel.
Jealousy is such an ugly emotion. Particularly as AMD closes its Sunnyvale presence and you have to look for another job.
AMD is winning? They don't think so.
Only the AMD fan boys remain deceived.
Opteron uptake slower than AMD hoped
http://www.theinquirer.net/?article=10308
Too bad blasting mutant aliens is what the high-end consumer desktop market is all about
AMD aims for the server market and hits the gamer market. The Opteron really looks swell glowing under those colored lights.
What a misfire. AMD the bling bling technology leader !!
ROFL
My last post on this topic today.
That would be a big relief.
Normal capacity = normal yields x wafer start capacity
The proof is easy and has been available for a long time.
For a time, AMD was reporting that Dresden was running at 5000 wspw and it was reporting its unit sales at about 7 M per quarter. With this information you can calculate good die per wafer. Formulas are available to calculate the number of die sites on a wafer. From there it was a simple division to calulate yields.
The yield number for the calculation was in the 35% to 40% range if you assumed that AMD was fudging its wafer start numbers and operating at less than 5000 wspw. These yields are based on information reported by AMD and they are about half of the calculated world class yields for die of that size.
AMD became aware of the fact that it was indirectly reporting its yields and no longer reports wafer starts or processor unit sales. But the numbers have not changed significantly.
If you want to find the discussions of the detailed calculations use the search feature on SI.
while the whole world is acknowleging Intel's 90nm is delayed,
Much, if not most, of the world knows that Intel has a stable 90 nm process that has been producing product in Oregon for some time. And now 90 nm is running in full production mode in Arizona.
http://www.investorshub.com/boards/read_msg.asp?message_id=1850352
Meanwhile AMD limps along with poor yields on 130 nm. Yields are so poor that Dresden operates at only 50% of its normal capacity.
INTEL had the Prescott introduction once firmly scheduled for September, then October, then December,
You are making the mistake of attributing a schedule from the Inquirer and various AMD fanboy sources as an "Intel schedule".
The Intel schedule has been shipments of Prescott in Q4 and systems available in the early part of the year -- late January, early Feruary.
Two companies, which have both lost money for the past 9 quarters, is not a guarantee of any success in the future.
When you tie 2 rocks together they still sink. And that is the problem with the alliance between AMD and Sun. Both companies have a business plan that does nothing but rack up losses quarter after quarter, year after year.
AMD ramp plans show much larger quantities of product hitting the street in Q1 and Q2, with volume crossover of K8 over K7 in Q2.
Where is the source for this AMD ramp plan or is this one of those "facts" based on pure speculation?
AMD may be able to get to 100 K for K8 in Q2. There is no way that AMD will ramp to the about 3.5 M processors per Q that would be required for a crossover by Q2. Most likely the crossover will occur in Q3 or perhaps Q2 of 2004.
The hyperventilating denials are starting to fly hot and heavy.
Opteron has a presence in the HPC market for underfunded professors where it serves as a tinker-toy building block for experiments. In the world of business servers, AMD in all flavors holds a presence that it is so small that it is almost not measurable.
So, what does that make xeon?
The largest selling industry-standard server processor by far. Compared to Opteron it outsells by an order of magnitude.
Cray has a negative cash flow of $40 M per year. With only $24M in cash, it will not live long enough to produce a working design.
http://finance.yahoo.com/q/ks?s=CRAY
However, Cray should be able to produce some paper announcements, an AMD specialty, before it goes under.
By this time next year Cray will be emphasizing on their newest "Red Storm" based MPPs and when these come SGI will hardly prosper undisturbed.
Cray may not even be around next year. It will likely just fail for about the fourth time.
The Cray balance sheet shows $24 M down $20 M from a year ago. Its current liabilities are $57 M and it has a strange entry in liabilities for $15 M in accrued payroll. What is that, bounced paychecks to employees?
Perhaps AMD can give some free Opterons and some free money to AMD so it can meet its payroll until next year.
http://www.cray.com/invest/10Q_q3_2003.pdf
Even Stevie Wonder could see that the 2 fab structures were separated by office space, some old some new.
Another huge clue was the use of the different names: Fab 30 and Fab 36. Different sounds -- different Fabs.
What AMD really needs is to sell more than about 15,000 Opterons a quarter. It is really sad that AMD has delivered such a poor effort.
Meanwhole back at the AMD fanboy ranch there is a huge amount of noise, heat and light conerning the superiority of the Hammer.
Denial is the first stage, anger is the second.
When a processor is shipped to an OEM it is booked as sold If the processor is sent to a Disti, the revenue recognition is deferred until the Disti resells the part.
The revenue for Disti sales is shown on the Balance Sheet as a liability under "Deferred income on sales to distributors". It is just like cash in the bank that can not be "withdrawn" until the disti resells the product.
Both Intel and AMD follow this accounting practice.
NY strives the hardest among all other states to stimulate industrial settlements... [T]he financial package was less attractive than in Dresden.
Translation: NY would not pay for a $2 Billion fab and rent it to AMD in order to produce a few jobs. Germany and Saxony would
AMD's motto in action: "We are good at using other peoples' money. Jerry "Where's Mine" Sanders
I think the wireless solution makes a good strawman to bash the Centrino platform
Correct. If wireless speed is important, it is easy to substitute a g wirelss internal card for the Intel b wireless card. You can do this for about $20 as an option on the Dell web site.
All the benefits of the Pentium M and its chipsets remain. You just lose the Centrino label on the laptop supplied by the OEM. If you choose to upgrade the internal card later -- a smart decision until interoperability issues with g wireless are resolved -- you can even have your Centino label.
Ever heard of an ethernet cable? They cost $10 and connect your laptop to a 100 Mbs network. It will be more than twice as fast as a 50Mbs g wireless because there is less overhead.
By the way if you want to copy a DVD movie just put the disk in your laptop and copy away. No network needed.
Edit: or use the Firewire cable mentioned by Dr John
One way to perform the gigabyte transfers on your home network is to connect your laptop with an ethernet cable to your router. Voila, a 100 Mbs connection.
That is what I do for large transfers on my Linksys home network with b wireless.
Either that or have a beer and watch the 49ers beat the Steelers on Monday night football while the transfer chugs away on "slow" b wireless. <g>
Another question that Centrino laptop owners ask is if I only have a 1.5 Mbs internet connection why do I need more than my current 11 Mbs wireless connection?
What are they introducing in H1 2004?
AMD does not make or sell products in volume so they must be introducing ... Another Road Map.
AMD is very good at makeing Road Maps.
I never made any market share predictions for Rambus or Itanium. Why don't you find the prediction or admit your fabrication.
I CAN find your 50% prediction. All I have to do is ask Paul Engel to use his search skills and it will pop right up.
[Who] is left?
I think nVidia is a good possibility.
Huang recently said that fabless design houses have a limited future. And advanced Graphics Processors have the same degree of complexity and manufacturing difficulty as state of the art microprocessors.
One of my favorite Dan3 predictions from SI was that Hammer sales would constitute 50% of AMD's units in Q2 -- of 2003.
Of course that missed the mark just a little bit with on the order of 15,000 sold in Q3.
You stayed at a Holiday Inn Express the other night and you are now a Fab construction expert -- or a heart surgeon -- whatever is needed.
An AMD investor should be interested in its ability to generate earnings over a steady period of time instead of little but losses. The market cap numbers you cite are simply an evaluation by investors that AMD has little promise of generating a good earnings stream.
This is very different from the Droidian perspective. Losses only prove that AMD has so much potential.
64 bitness is now AMD's biggest selling point,
AMD should announce the 64 bitness of the fluorescent lights that are sold with so many of its game boy computers. It means just as much as the 64 bitness of an AMD 64 desktop system when there is no Microsoft OS and application software.
Since you are into probabilities in such a big way, here's a couple questions for you.
What is the probability that Intel earned $1.7 billion last quarter?
What is the probability that AMD lost money last quarter after many preceeding quarters of losses?
A more interesting point is why would a gamer even consider a laptop for their hot rod gaming machine. The almost universal set up is a PC with the latest and greatest video card and many accessories. A premium sound system -- at least external speakers, a large display and a joy stick or other controllers are normal.
Oh yes, Don't forget the flourescent lights for the PC case. Those are a performance must.
Too bad that you don't understand that you can set up an 802 wireless access point just about any place that is desired. An office, an airport, a Starbucks coffee shop, a factory and yes a mine are all legitamate sites for a wireless access point.
Perhaps you can Google up some links so you can learn how this is done.
Well tell me then, where can I buy a FX system with a pre-beta release installed?
No fool is stupid enough to build one.
If you can't buy an FX system they remain a laboratory soecial NOT AVAILABL IN THE MARKET.
The Athlon64 FX processor may be available -- only 10,000 units will be delivered by the end of the year -- but no systems are available. The Windows A64 OS is not and will not be available until next year. Some of the components that were in the tested FX system are not available. 64 bit drivers are not available for most hardware.
The infrastructure to build the tested FX laboratory-special SYSTEM is not available.
An Athlon FX that is available is therefore nothing more than a slightly improved Athlon XP as far as the gamer market is concerned.
What stability issues are you referring to?
The stability issues were found by Extreme Tech. The issues may be minor as Extreme Tech says, but no OEM would sell a system with known "minor stability" issues. The warranty work would kill their reputation and cost far more than any profits could recover.
http://www.extremetech.com/print_article/0,3998,a=107871,00.asp
This is still a fairly early build of the OS, too. Currently, only DirectX 8.1 is supported, so we couldn't run any applications that need DirectX 9. Even some DirectX 8 applications had issues. For example, Dungeon Siege crashed with an ugly "SYSTEM_SERVICE_EXCEPTION" error, forcing a system reboot in the process. When we tried to run 3DMark 2001SE using software T&L, the system crashed with the same error, although the benchmark ran fine with hardware T&L enabled. It's difficult to determine if these are fundamental O/S issues, or simply driver related. We used a GeForceFX 5900 Ultra, and the reported driver revision was 50.40, an early build of the Detonator 50 driver.
...
We did encounter some minor stability issues during testing – on occasion, when we initiated a soft reboot of Windows, the system would power down instead. The only way to bring the system back to life was to disconnect power for about 20 seconds.
The score is 32 to 15 for the P4 EE over the FX.
Don't like ketchup, have some mustard with your crow.
hehehehe
Tom's Hardware Guide, 09/23/2003
http://www20.tomshardware.com/cpu/20030923/index.html
The P4 3.2 EE wins 32 times, the Athlon 64 FX-51 15 times - an uncertain 64-bit future for AMD