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Is that the rumoured iBeer?
-dh-
You did not make that claim. I meant to imply that a celeron M would require less cooling than mmoy's netburst based p4 laptop.
-dh-
edit: I just re-read your original message that said your p4 runs no hotter than a newer celeron M. In the words of emily latella, "Never mind."
I believe Celeron M, like the Pentium M is not netburst arch
-dh-
edit:
http://www.intel.com/products/processor/celeron_m/index.htm
http://www.intel.com/products/processor/pentiumm/index.htm
I assume they brought the feds down on temselves to give their new muscle street-cred. ;)
AMD receives federal subpoena on graphics processing
By Ruth Mantell
Last Update: 9:04 PM ET Nov 30, 2006
SAN FRANCISCO (MarketWatch) -- Advanced Micro Devices Inc. (AMD : Advanced Micro Devices, Inc.
News , chart, profile, more
Last: 21.57+0.16+0.75%
8:04pm 11/30/2006
AMD21.57, +0.16, +0.7%) Thursday evening said it has received a subpoena from the Department of Justice's antitrust division on an investigation into potential antitrust violations related to graphics processors and cards. AMD said it entered the graphics processor business with its acquisition of ATI Technologies Inc. on Oct. 25. The company added that it plans to cooperate, and that the DOJ has not made any specific allegations against it or ATI.
LONDON (MarketWatch) -- Merrill Lynch upgraded chipmaker Advanced Micro Devices Inc (AMD : Advanced Micro Devices, Inc.
News , chart, profile, more
Last: 25.37-0.05-0.20%
4:15am 06/23/2006
AMD25.37, -0.05, -0.2%) to neutral from sell, saying it believes meaningful downside from the current stock level is unlikely after it fell close to 40% in five months. The broker told clients it expects impending processor price cuts to drive an improvement in PC build activity and that it believes any pickup in that activity should be sufficient to drive a shift in liquidity back into PC-oriented stocks, if only for the medium term.
I'm glad you didn't say
putz
because that would be a violation of the TOS
puts is much better.
More big talk, more no-action from Mr. AMD Puts.
Is anybody else's "Spidey Sense" tingling due to the number of AMD PR statements today? A day when material information from the CEO may be released ......
re:Xbox supply trouble continues
Be interesting to know where the bottleneck is ...
http://www.macworld.com/news/2006/02/08
No link, but I remember reading that IBM cpus are the bottleneck
dh
re:Gross margins
On the cost side, what do you think of this tool: http://www.chipestimate.com/ ?
dh
What is "NGA"?
By the time Dell announces the first Opteron servers AMD will sell on the news and Dell will pop.
-----------------------------------------------------------
Also from Davos:
http://news.yahoo.com/s/nm/20060126/tc_nm/davos_laptop_dc
DAVOS, Switzerland (Reuters) - The
United Nations has thrown its weight behind a project to place a $100, hand-cranked laptop computer in the hands of millions of schoolchildren around the globe.
Compare to Michael Dell, also in Davos:
DAVOS, Switzerland (Reuters) - U.S. computer maker Dell Inc. (DELL.O: Quote, Profile, Research) is open to the possibility of using chips made by AMD (AMD.N: Quote, Profile, Research) as well its traditional supplier Intel (INTC.O: Quote, Profile, Research), Dell's chairman said on Wednesday.
[...]
"I do not have any new product to announce today."
Too bad, Mike.
fpg
Edit: credit to bobs in "the other" IHub AMD forum.
Agree on the INTC technicals, but On the AAPL short; The Fib retrace towards Oct 12 shows 71.70 ish for the 38.2% It also looks a lot like a support range. I sold my last AAPL calls yesterday but I am looking for it to hold somewhere in here. On the fundy side, the IntelMac switch looks tepid for now, but the web video thing has bigger potential than the iPod. It will be an interesting quarter.
Going long INTC is safer than shorting GOOG
Which I finally did:
BTO WNLAF 2008 $30 @ 1.20 9:50:03 1/26
that is a 3 year old article "by Matt Haughey December 3, 2003 in News "
Current Comcast STB has dual tuners. Could definitely stand to have a bigger HD. I haven't chased any hacks to figure out how to increase capacity internally or through the USB port. Tivo is a long way from recovering from the commoditization of DVR by Comcast and others.
AMD upped at Piper Jaffray on possible Dell contract (AMD, DELL) By Simon Kennedy
LONDON (MarketWatch) -- Piper Jaffray upgraded chip maker Advanced Micro Devices Inc. (AMD) to outperform from marketperform, citing the increasing likelihood that Dell (DELL) will start using AMD chips in its computers. The broker said, based on conversations with industry sources and press reports, it believes Dell will start selling AMD-based computers as early as the second half of 2006. Piper Jaffray said a deal with Dell would contribute 12 cents in earnings per share in 2006 and 49 cents earnings per share in 2007.
A better Averatec 12" choice is the 2100 Series
http://www.averatec.com/notebooks/2100series.htm
Actually, this is the long lost Turion MSI S270 announced last February.
S&P Assigns 'B' Rating to Spansion's $400M Sr Unsecured Notes
(MORE TO FOLLOW) DJ Newswires
Thank you for that link!!
dh
I have an ongoing battle with the internal power supply connection on my 3200 series. I opened it up and pulled the tiny connector board out and resoldered the pin on the the board and it worked fine for a while. have to do ti again today and can only hope it will work.
Frustrating that a 25 cent part can take out hundreds of bucks of hardware. Also wish it used the ATI chipset and faster Hard Drive option. But otherwise I've used it everyday at home to remote desktop to work and regular browsing. The video chipset is to weak to to HD video.
But other than the power connector, it is a great value.
dh
What was the Denver Magic reference about?
Here's the RB info on DM - none of his posts are retrievable. Was a bull for a while and plenty of financial opinions about the data avaiable at the time.
http://www.ragingbull.lycos.com/mboard/memalias.cgi?member=Denver_Magic
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October 99
Bumpy ride, roller coaster, beta beta beta.
RB, yep. You were preaching media server in the closet back then. Seems to be moving closer to the TV.
Whatever happened to Denver Magic?
The other stock I've kept a hand in and was posting about ob RB is/was APPL.
cheers,
dh
Thank you for your contributions to this thread.
dh
I'll have a look one of these days and thank-you for the note.
Michael, Google calling for your talents:
http://digg.com/technology/Google_Jobs%3A_Software_Engineer%2C_Firefox_
cheers,
dh
Prudential Cut Apple To Neutral-Weight From Overweight>AAPL
5:27 AM EST November 4, 2005
NEW YORK (Dow Jones)--Prudential Equity Group cut Apple Computer Inc. (AAPL) to neutral-weight from overweight, citing the recent stock appreciation.
The broker told clients it expects a strong first quarter and fiscal 2006, but said it believes the stock has now fully discounted this reality.
"High expectations and still considerable froth add to risk profile, in our view," Prudential said.
(END) Dow Jones Newswires
11-04-05 0527ET
Copyright (c) 2005 Dow Jones & Company, Inc.
down a buck in europe
dh
Products Will Decide Intel's Future
http://www.thestreet.com/p/rmoney/michaelcomeau/10248166.html $$$
By Michael Comeau
Research Assistant
10/19/2005 10:33 AM EDT
Intel (INTC:Nasdaq - commentary - research - Cramer's Take) shareholders who want to know what will get the stock moving after the Street's tepid (at best) reaction to Tuesday night's earnings report should focus on the company's products.
As I've noted here before, Intel has been asleep at the product innovation wheel, allowing Advanced Micro Devices (AMD:NYSE - commentary - research - Cramer's Take) to take the lead in high-end processors.
AMD even went so far as to challenge Intel to a live battle of their respective dual-core processors. While I initially thought AMD jumped the shark with that promotion, the momentum is in its favor, and it is tough to bet against the company, especially since Intel hasn't answered that challenge.
Investors should pay heed to two issues from here.
The first is Intel's upcoming dual-core Bensley server chips, which could provide a counter to AMD's success with its dual-core Opteron and allow it to take back market share. If the Bensley platform, expected early in 2006, doesn't perform at least as well as AMD's products, Intel will find itself in product-marketing hell, especially with AMD's Opteron server chips already laying the smackdown on Intel's Xeon line.
The rumor mill is saying that Bensley isn't doing so hot in testing, but I wouldn't put an awful lot of stock into that claim just yet. However, the real-world performance of these chips could have an effect on Intel's stock price, because right now Intel is looking like a boring tech giant that needs to prove it can still innovate. If Intel fails to do that, AMD will take even more market share and investor dollars from Intel.
The second area Intel shareholders should be wary of is Dell (DELL:Nasdaq - commentary - research - Cramer's Take) turning to AMD chips sooner or later, especially if Intel can't top AMD's innovations. To date, and to the detriment of its shareholders, Dell has exclusively used Intel chips. Of course, for the average PC user, any old processor will do. But now that Dell has moved into high-priced gaming PCs, a move likely prompted by the success of independent gaming PC makers Alienware and VoodooPC, it is completely illogical for Dell not to offer AMD chips. PC gamers are an extremely discriminating bunch and aren't swayed by the "Intel Inside" logo.
Two additional developments on the horizon could benefit Intel. First, Microsoft's upcoming Vista and Office 12 should have enough useless features to slow down the average PC, requiring hardware upgrades by users. Second, Media Center PC's (computers aimed at functioning as total entertainment machines) are gaining in popularity, and with plenty of processor-intensive high definition content on the way, consumers will need faster computers. The only question, is will Intel step up?
I'm not counting Intel out just yet. In fact, in the interests of competition (and a cheaper, faster PC for me), I hope AMD's success has spurred Intel to get back in the labs and come up with something new, fresh and, most importantly, fast.
AMD Geode GX Single Board Computer Reference Design Kit Speeds Product Time to Market For Low-Power Devices; Complete System Design Package Reduces Engineering Development Time
12:01 AM EDT October 3, 2005
AMD (NYSE:AMD) today announced the availability of the AMD Geode(TM) GX Single Board Computer Reference Design Kit (AMD Geode GX SBC RDK), an adaptable design that addresses a broad range of embedded devices such as network appliances, kiosks, point-of-sale terminals and corporate thin clients. The AMD Geode GX SBC RDK provides customers a platform for low cost, high impact designs by providing an affordable, integrated suite of support and development capabilities. The utility of these designs help reduce development cost and time-to-market for Single Board Computer (SBC) applications.
The AMD Geode GX SBC reference design kit is based on 4th-generation RDK technology and provides a complete system design package, giving designers flexibility, versatility and enhanced capabilities -- all in a small package (approximate dimensions 5.5" x 5"). An AMD Geode GX 466@0.9W processor provides the flexibility of the x86 instruction set with the power to run popular operating systems. The Geode GX processor is paired with the new CS5536 companion chip, which enables USB 2.0 and ATA100.
"In today's competitive market, customers must quickly and efficiently bring single board computer and networked computing appliance solutions to market," said Erik Salo, director of marketing, AMD Microprocessor Solutions Sector. "The flexibility of the AMD Geode GX SBC RDK along with its low-power design adds value to the high performance capabilities of this RDK and will help designers and engineers meet or exceed expectations in this growing market."
The AMD Geode GX SBC RDK provides a complete solution, including schematics, layout and full documentation. Full integration with AMD Geode Solutions technologies, low-power requirements and design flexibility help to reduce costly time-to-market and enable more effective, efficient SBC designs.
Primary Product Features -- Lead Free, 4-layer board design -- CPU power to process multiple applications locally -- Small form factor -- approximately 5.5"W x 1"H x 5"D -- Low-power consumption -- 6W typical, 1W standby -- with no fan, powered by 12 V external adapter -- Display resolution up to 1600x1200 -- 4 USB 2.0 ports -- Support for multiple operating systems -- Microsoft(R) Windows(R) CE -- Microsoft XPe -- Linux -- Legacy I/O expansion via a daughter card -- 2 serial ports -- 1 parallel port -- High bandwidth Ethernet (10-100Mbps) -- Mini IDE interface -- CRT or TFT display support -- Additional audio peripheral connectivity -- Support multiple protocols, plug-ins and local applications -- Web browser -- Multimedia payers -- Terminal services -- BIOS support available from Insyde Software and General Software
For more information about the AMD Geode GX SBC RDK, visit http://www.amd.com/geodegx_sbc_rdk. The Geode GX 466@0.9W processor operates at 333MHz. Model numbers reflect performance as described here: http://www.amd.com/us-en/ConnectivitySolutions/ProductInformation/ 0,,50_2330_9863_9864,00.html (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.).
About AMD
AMD (NYSE:AMD) designs and produces microprocessors, Flash memory devices and low-power processor solutions for the computer, communications and consumer electronics industries. AMD is dedicated to helping to delivering standards-based, customer-focused solutions for technology users, ranging from enterprises to government agencies and individual consumers. For more information, visit www.amd.com.
AMD, the AMD Arrow logo, Geode, and combinations thereof are trademarks of Advanced Micro Devices, Inc. Microsoft and Windows are registered trademarks of Microsoft Corporation in the U.S. and/or other jurisdictions.
SOURCE: AMD
AMD Steve Howard, 512-602-9486 email: steve.howard@amd.com
DJ Digital Music Sales Up In 1H Amid Drop In Global Sales
The IFPI said that growing uptake of broadband and 3G mobile phones, along with the launch of a number of high-profile music download services in recent months, had helped boost the market for digital music downloads.
The IFPI attributed the drop in physical sales to lower retail prices, a decline in DVD music video sales and the continuing impact of illegal downloading and CD piracy.
IFPI said Monday that the world's top five markets, the U.S., the U.K., Japan, Germany and France were driving the growth in demand for digital downloads.
Markets with well-developed digital download service providers had been helped by substantial digital sales growth, and recorded sales declines of between 2% and 8%. It contrasted this with markets such as the Netherlands, Norway and Sweden, where the fall in sales had been more acute.
-By Jessica Hodgson, Dow Jones Newswires; +44 207 842 9293 jessica.hodgson@dowjones.com
(END) Dow Jones Newswires October 03, 2005 07:40 ET (11:40 GMT)
Copyright (c) 2005 Dow Jones & Company, Inc.
I saw it mentioned yesterday (print version on some news-stands?) but today was the first day I could find it online. WSJ online subscription works for Barrons.
dh
Barrons article text
SATURDAY, SEPTEMBER 24, 2005 6:49 a.m. EDT
THE BOTTOM LINE
Once AMD spins off its flash business, the mounting profitability of its microprocessor operation will come into full view. In two years, the stock could be near $50.
On AMD's Menu: Eating Intel's Lunch
By RHONDA BRAMMER
THERE ARE A BUNCH OF REASONS WHY you might be tempted to sell Advanced Micro Devices.
Not the least of them is that the stock of this plucky upstart, No. 2 to mighty Intel in microprocessors, has run from 7 and change a little over three years ago when we did our first feature on the company to a shade under $25 and is still around 23. Taking a profit is usually not a bad thing to do.
Or perhaps you're worried that demand for personal computers, which has been robust for a spell now, just may -- in spite of what upbeat industry pundits predict -- be ready to roll over, and that obviously would not be good news for the chip makers generally.
Or, understandably, you might be concerned that AMD's flash-memory business, which accounts for about 40% of total sales, is capital-intensive and losing a ton of money.
But this time, it truly pays to resist temptation.
Pure and simple, the prospects for Advanced Micro Devices have never been brighter. While semiconductor stocks are always subject to bouts of vertigo and AMD would suffer with the rest if, say, PC sales started to flag, it would still likely fare better than the competition because it's gaining market share in high-end processors at a dazzling pace.
Moreover, the company is busily moving ahead with a plan to spin off the flash-memory biz, known now as Spansion, which would greatly ease that formidable drag.
Buoyed by the smashing success of its innovative new products that have left Intel (INTC) scrambling to catch up, AMD is in a strong position to rack up impressive growth in microprocessors as far as the investment eye can see. And once the spinoff of Spansion is done and flash no longer masks the sizzling profits in processors, odds are investors will focus on a richly profitable business growing 40%-50% annually. Result: Two years out, AMD shares could be pushing $50.
CEO Hector Ruiz has been quietly turning AMD upside down to go head-to-head with Intel.
Despite being vastly outspent, AMD has outfoxed and outmaneuvered its archrival Intel, not simply matching the latter's technical prowess, but outgunning it. Indeed, AMD has determinedly transformed itself from a dowdy also-ran in cloning chips for desktops into a technological powerhouse in designing state-of-the-art chips for servers, taking dead aim at one of the most lucrative markets in all of techdom, a market where Intel once ruled supreme.
Skepticism ruled supreme back in August 2002, when AMD shares were 7 and change, and we described how the company was set to release "truly extraordinary new products" with the potential to change "the balance of power in microprocessors irrevocably," venturing the stock could triple.
The new processor, dubbed Opteron, shaped up as a real threat to Intel's long-standing dominance in servers and workstations, a lush market where processors routinely command gross margins of 75%-90%. What Opteron had going for it -- that Intel's competing chip, the Itanium, did not -- was the ability to efficiently run both high-speed 64-bit software and lower-speed 32-bit software. That crucial advantage allowed customers to upgrade to 64-bit computing and still run all their old 32-bit programs as smoothly as ever.
The Itanium, it turns out, proved a colossal dud.
Intel eventually saw the writing on the wall and scrambled to introduce its own 64-bit chip with true 32-bit compatibility. But by then, AMD had secured a solid foothold in the server market.
The bold foray into high-end chips was a sharp departure for AMD . Traditionally, the company had hustled to compete with Intel in chips for desktops and laptops, while the lucrative market for x86-based server chips remained Intel's private domain.
But Hector Ruiz -- who took the reins of AMD from its founder, Jerry Sanders, in 2002 -- had been quietly turning AMD upside down: AMD would focus on chips for servers, laptops and desktops, in that order. The invasion of Intel's high-end turf was aimed at winning the minds and loyalty of corporate customers, an all-out effort to prove AMD had the right stuff to go head-to-head with Intel. As the normally soft-spoken Ruiz puts it, "We went for the belly of the beast."
Unlike the charismatic and flamboyant Sanders, who got his start in sales, Ruiz -- who is reputed to have an almost photographic memory -- boasts a Ph.D. in electronics from Rice University and comes across as savvy, quiet and careful. He spent 22 years working his way up the ranks at Motorola, running various operations, including Motorola's $7 billion semiconductor business. His right-hand financial man during many of those Motorola assignments was Bob Rivet, today AMD's chief financial officer.
Both Rivet and Ruiz insist that AMD has become "a world-class manufacturer" and that its drive to capture share from Intel is just now beginning to hit its stride. In Rivet's phrase, "This is a marathon, not a sprint."
Today, among major server makers, AMD boasts customers like IBM (IBM), Sun Microsystems (SUNW) and Hewlett-Packard (HPQ). Ironic, perhaps, that HP, which partnered with Intel to develop the ill-fated Itanium, is now the largest seller of Opteron-based systems. So far, more than 75 of the world's largest 100 companies or their subsidiaries have adopted AMD technology, including Honda, Chevron, Charles Schwab, Goodyear, Canon, Airbus, ConocoPhillips, 7-Eleven, MBNA and Deutsche Bank.
AMD's gains have been astonishing: In the second quarter, some 8% of all servers shipped had AMD chips inside, nearly double the 4.8% in the second quarter of 2004, reports Gartner Dataquest.
EVEN MORE TELLING, AMD'S SHARE of processors shipped -- server chips that will wind up in computers in the months ahead -- jumped to 11.2% in the second quarter of '05, from 7.4% in the first quarter, according to Mercury Research. That huge leap -- and server chips can carry price tags north of $1,000 -- translated into sequential revenue growth for Opteron chips in this year's second quarter of a whopping 90%.
Overall, in the first six months of 2005, on 35% higher sales, AMD's operating profits from microprocessors shot up a sparkling 60% over the same span last year. Second-quarter operating net rocketed ahead 89%.
But the sizzle of that performance was largely masked by the huge losses in flash. While operating income from processors in the first half of this year climbed to a record $202 million, from $125 million in first six month of '04, flash memory at Spansion lost $199 million -- virtually wiping out profits from processors.
Flash is the reason AMD won't report much in the way of earnings for the full year: Estimates run from 20 cents to 40 cents a share.
But all that may change dramatically with the proposed spinoff of Spansion, AMD's 60%-owned joint-venture with Fujitsu. The timing may prove fortuitous, since the prices of NOR flash -- the kind Spansion makes -- are starting to firm.
Flash memory -- cellphone makers use a slug of NOR flash -- is a classic boom-bust commodity business. Which is not to say Spansion is a bad company. In good times, it profits mightily. What's more, it boasts cutting-edge technology, and last year was No. 1 in NOR flash, with a 26% share.
But Spansion eats up lots of capital, and its main rival is Intel, which puts AMD in a strategically vulnerable spot. Since flash contributes a modest 7% of Intel's revenues, compared with 40% for AMD , should the urge strike, Intel can brutally slash prices. In that event, Intel may bleed a little, but AMD will hemorrhage massively. And when the money-losing Spansion needs more dough, AMD , as one of the joint-venture owners, has to pony up.
Why AMD Is Looking Chipper: Since Barron's last full-dress piece on Advanced Micro Devices two years ago, highlighting its bright prospects. AMD's shares have tripled while Intel's have gone nowhere. What now?
No details of the Spansion spinoff are available, except that AMD plans to take its ownership below 50% -- to perhaps to 40% if the market's hospitable -- and, concurrent with offering shares to the public, Spansion will do a debt offering.
Proceeds of the debt offering will go partly to repay $340 million AMD has loaned Spansion and AMD will no longer be required to provide capital. After a lock-up period, AMD will be able to sell Spansion stock as the opportunity arises. In addition, AMD's share of Spansion's profits or losses, instead of being consolidated, will be shown as a separate line item, allowing investors finally to get a full view of the fast-growing processor business.
With AMD no longer on the hook to fund Spansion, Intel may not feel the urge to compete as aggressively. In short, Spansion may be a more valuable business if AMD isn't a majority owner. Most important of all, the spinoff of Spansion will allow AMD to focus on its thriving microprocessor business and the huge potential in servers.
Right now, Intel can't match the performance of AMD's dual-core Opteron server chips. "AMD has the clear lead," exclaims Fred Hickey, who writes the High-Tech Strategist newsletter. "Nobody, but nobody, is saying that Intel's chip is better." And Hickey thinks it may be more than a year before Intel comes up with something truly competitive.
"AMD has terrific momentum," he says. "You can smell it in the tech world. They're gaining huge mindshare." It's also evident in the 90% jump in Opteron revenues from the first to second quarter of this year.
Ruiz reckons his company deserves a 20% share in servers by the end of 2006 (though internal AMD projections target a stake as high as 30%). Even 20% would be roughly double its present share. What's more, the spectacular performance in high-profile servers is creating keen interest in other AMD offerings.
Case in point: Turion64, a new chip designed to compete against Intel's Centrino in thin-and-light notebooks, where Intel has been dominant with a great product and neat marketing. But for the first time, Centrino will have real competition. In its first 90 days, Turion posted 60 design wins. Computer makers "want a choice," Rivet says, adding that he thinks in 12 months AMD's 10% stake in laptops can double.
Fine and dandy -- but the bottom line, of course, is, well, the bottom line. Analysts' earnings estimates for next year are all over the lot, ranging from 35 cents a share to $1.23 a share. Much depends on what happens to flash prices, and if, and when, the spinoff gets done and on what terms.
But strip out flash, do some back-of-the-envelope calculations, and it's no huge stretch -- even assuming growth rates way below those of the second quarter -- to see microprocessors alone, which last year (after interest expense and taxes) earned about 55 cents a share, netting about 85 cents this year and in 2006, even with beefed-up depreciation charges, around $1.15-$1.20.
Or look at it this way.
The stock market says Intel is worth $151 billion and AMD , less than $9 billion. Which makes no sense. After all, AMD has one-seventh of Intel's sales and the better growth prospects. If AMD had even one-seventh of Intel's stock-market value, it'd be a $53 stock.
Hickey, who has a paired trade -- long AMD , short Intel -- insists, in his usual understated fashion, AMD "could be the investment of a lifetime."
DJ Merrill Upgrades Intel, Downgrades Rival AMD On Valuation
NEW YORK (Dow Jones)--Merrill Lynch upgraded Intel Corp. (INTC) and downgraded Advanced Micro Devices Inc. (AMD), primarily because of valuation.
As for Intel, analyst Joseph Osha remains concerned about excess manufacturing capacity and competitive pressure from Advanced Micro Devices, but he noted that the stock has fallen about 15% since the middle of July, vs. a virtually flat performance by the Philadelphia Exchange Semiconductor Index.
Osha established a $30 stock price target. The stock closed Tuesday down 20 cents at $24.48 but was up 45 cents, or 1.8%, at $24.93 in Instinet pre-open trading.
At the same time, Osha downgraded Advanced Micro Devices to neutral from buy. The stock closed Tuesday up 66 cents at $23, having gained more than 60% from its April low, and near Osha's price target of $25. It recently was down 2% at $22.55 in Instinet.
"The company continues to take market share in server processors but is not making any more headway in the notebook or desktop processor markets than we'd expected," Osha said.
(END) Dow Jones Newswires
September 21, 2005 07:56 ET (11:56 GMT)
Copyright (c) 2005 Dow Jones & Company, Inc.
DJ Merrill Upgrades Intel, Downgrades Rival AMD On Valuation
NEW YORK (Dow Jones)--Merrill Lynch upgraded Intel Corp. (INTC) and downgraded Advanced Micro Devices Inc. (AMD), primarily because of valuation.
As for Intel, analyst Joseph Osha remains concerned about excess manufacturing capacity and competitive pressure from Advanced Micro Devices, but he noted that the stock has fallen about 15% since the middle of July, vs. a virtually flat performance by the Philadelphia Exchange Semiconductor Index.
Osha established a $30 stock price target. The stock closed Tuesday down 20 cents at $24.48 but was up 45 cents, or 1.8%, at $24.93 in Instinet pre-open trading.
At the same time, Osha downgraded Advanced Micro Devices to neutral from buy. The stock closed Tuesday up 66 cents at $23, having gained more than 60% from its April low, and near Osha's price target of $25. It recently was down 2% at $22.55 in Instinet.
"The company continues to take market share in server processors but is not making any more headway in the notebook or desktop processor markets than we'd expected," Osha said.
(END) Dow Jones Newswires
September 21, 2005 07:56 ET (11:56 GMT)
Copyright (c) 2005 Dow Jones & Company, Inc.
"I take it the flash dumping will continue regardless?"
The beatings will continue until morale improves ;)
dh
More commentary from le street
Michael Comeau
Tech Giant Complacency
9/9/2005 10:16 AM EDT
The real worry for me with Intel is that it has taken to following AMD's lead with new technologies. Intel only got on board with things like multi-core and 64 bit processors, and energy efficiency after AMD did so. In fact, Intel admitted that its first dual core chip was rushed out the door to beat AMD to market, and as a result, AMD is taking the lead in the high-end processors favored by the early-adopting hard-core gamers and multimedia producers.
I also see the same problem at Microsoft. For example, many of the Windows Vista (BTW, who the heck is coming up with these lame names?) features that Bill Gates & Co. likes to boast about have been copied from Apple's Tiger. Also, security became a priority for Microsoft only after public outrage, the rise of Linux, and the resurgence of Apple. Likewise with Internet Explorer, which has taken to copying features from Firefox and Opera. Even with mice and keyboards, everything looks like a copy of what Logitech did 6 months earlier. Besides Xbox, where Microsoft has truly done cool things, where is the homegrown innovation with this company? I can't see it.
Also, I strongly believe that both of these companies are experiencing a major brain drain to younger, hotter companies like Google. Ask yourself this hypothetical question: If you're a bright engineer, where do you have a better chance of doing something cool and/or getting rich? Microsoft, or Google? Apparently, Mr. Kai-Fu Lee agrees with me and has chosen Google.
Position: None
Michael Comeau:
Michael Comeau joined TheStreet.com as a research assistant in June 2004, and performs stock analysis for ActionAlertsPLUS and Stocks Under $10. Previously, Comeau served as a consultant to Toyota Motor North America, specializing in consumer research and economic analysis. His market interests include consumer technology, retail, and small- and mid-cap financials. Comeau received his bachelor's degree in finance from Brooklyn College, and is a Level 2 candidate in the CFA program. Send Michael Comeau an email. http://apps.thestreet.com/cms/rmy/feedback.do?authorId=1100166&subject=Biography
It only said what I posted originally:
STOCK COMMENTS / EPS CHANGES
Advanced Micro Devices target price raised at Piper
7:25 AM EDT
Piper said it is raising its target price on AMD to $25 due to higher confidence in Spansion IPO, improved flash outlook, and improved gross margine expectations. Maintained Market Perform rating.
Advanced Micro Devices target raised at Prudential
7:19 AM EDT
Prudential said it is raising its target price on AMD to $28 due to positive business trends in flash memory and MPU's. Maintained Overweight rating
Source up info was http://www.thestreet.com/p/dps/tsn/streetnotes1.html
thornfuk sounds like something painful, and desperate
STOCK COMMENTS / EPS CHANGES
Advanced Micro Devices target price raised at Piper
7:25 AM EDT
Piper said it is raising its target price on AMD to $25 due to higher confidence in Spansion IPO, improved flash outlook, and improved gross margine expectations. Maintained Market Perform rating.
Advanced Micro Devices target raised at Prudential
7:19 AM EDT
Prudential said it is raising its target price on AMD to $28 due to positive business trends in flash memory and MPU's. Maintained Overweight rating.
"Any society that would give up a little liberty to gain a little security will deserve neither and lose both." -- Benjamin Franklin
worth the trip to your otherwise obsfuscating profile