is...a Libertarian
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That's a forward looking statement and a no no if Hector still intends to IPO spansion.
Joe,
IPF dies when HP pulls the plug -- all other OEMs combined don't amount to a hill of beans. Intel is no doubt contractually obligated to supply HP for a long time to come. Since HP bet their enterprise future on IPF, canceling Alpha and PA-RISC, they will not let IPF die prematurely.
The question HP is asking itself is when will x86-64 be good enough? They are hoping soon, as they are not replacing PA-RISC or Alpha sales on a 1 for 1 basis with IPF which is frustrating for them. Time will tell.
5%
Tenchu,
From a vol standpoint you are correct. I was merely expressing my opinion, which I often post on the SI board. You can see that after selling AMD at slightly over $20, before Q1 earnings I bought back in around $16 before Q2 earnings.
AMD is a good stock to make money on and I think it runs to $25.
By the way your link doesn't work.
OT: mmoy, I ordered through the business side and used a coupon that was technically expired, but told the rep that I would just wait for the next coupon as they come out ever week or two. They were willing to give me the coupon price now.
If you are interested in buying another one, I would suggest you call them rather than go online. They will give you the same deal they gave me.
It was a relative comparison between two stocks Intel and AMD. If you want to bring in others, that is a different discussion.
In the end, the record speaks for itself. AMD has outperformed from an investment perspective (fanboy enthusiasm aside). Given the size of the pie and the fact that Intel already owns 90% of it, I think that AMD offers more upside (or less downside as the case may be) than Intel.
We can revisit the topic in a year.
Thanks for the feedback, I ended up ordering one. I like the fact that you can have two documents open simultaneously without compromising on readability.
wbmw, nobody on these boards bought and held Intel or AMD since they went public, so your assertion about day-1 is irrelevant. However, using your metric of buy and hold, and looking at realistic time frames of when participants of this board may have bought their stock, you will see that over the last 5 years, 2, years, 1 year, 6 months and 3 months, AMD has been the better investment.
http://finance.yahoo.com/q/bc?s=AMD&t=3m&l=on&z=m&q=l&c=intc
This is not a surprising conclusion. Intel is a mature company with a huge market cap and a diverse revenue base. It is not going to move on news and announcement like a much smaller company would. Intel's future has been thoroughly analyzed and discounted into the stock price.
Wall Street traders make the most money when volatility is high. This is one reason why AMD has been a better investment than Intel over the last 1, 2, and 5 years.
If you want to be a fan, then Intel is the better choice. If you want to make money, then AMD is the better investment.
OT: mmoy, I have thinking about buying this monitor, what is your take after having used it for a month. Tom's review says it is not good for an office environment because it is too bright.
without directly helping Intel bury POWERx with IPF.
My its a rich fantasy world you live in. Now when exactly is IPF going to bury Power?
CPG gross margin at 59%
But they won the money long after they had been destroyed. Microsoft was eventually found to be a monopoly and forced to disgorge some profits and settle numerous private suits. However, the sum total Microsoft spent in defending, settling, or paying fines amounts to less than 1 years worth of net income.
Not a bad game plan when you think about it. Do whatever you can today to wipe out your competition and secure your monopoly. Worst case, you get caught and you are forced to pay them off in the distant future with a small portion of your profits.
It is the interpretation of an industry wide rule by each broker that differs. The Fed's idea was to prevent the recycling of dollars. However, buying or selling a day after the originating trade should be ok, because settled funds are available on the day of settlement for the second transaction.
The brokers are just trying to make you get a margin account.
Intel has not denied the allegations of behavior, they have denied that the behavior is illegal. In most cases, short of being found a monopoly, they are correct. In Japan they were found to be a monopoly and they agreed to change their behavior.
It will be interesting to see how it plays out, but in all likelihood it will be several years before any meaningful progress is made one way or the other.
AMD expected to post quarterly loss
SAN FRANCISCO (MarketWatch) -- Advanced Micro Devices Inc. is projected to swing to a loss when it reports second-quarter results next week, as falling prices for memory chips offset higher sales of its microprocessors used to run personal computers.
AMD, which reports earnings July 13, is expected to lose 6 cents a share on revenue of $1.2 billion, according to analysts polled by Thomson First Call. That compares with a profit of 9 cents a share on revenue of $1.26 billion in the year-ago period.
Sunnyvale, Calif.-based AMD (AMD: news, chart, profile) has been hurt this year by its flash-memory chip unit due to persistent pricing pressure in the market for a certain type of memory chip -- known as NOR flash -- used to store data on electronic devices.
In the first quarter, AMD swung to an unexpected loss of 4 cents a share due to deteriorating selling prices for flash-memory chips used in mobile phones and DVD players. Not much is expected to change in the latest quarter.
AMD "is probably having another good quarter for processor sales, but we believe NOR flash losses will continue to push AMD's bottom line to a loss," commented Paul McWilliams, who runs the tech newsletter NextInning.com and does not own AMD shares.
Its memory-chip problems have undercut better sales of chips used to power PCs and corporate servers. AMD, which filed an antitrust suit against Intel Corp. (INTC: news, chart, profile) last week, is the second-largest maker of chips used in PCs behind Intel.
ThinkEquity analyst Eric Ross said AMD should show gains in the sales of desktop PC chips in emerging markets like China, Malaysia and Indonesia.
Ross, who estimates the company will report a profit of 1 cent a share, said he is not expecting much strength from AMD's sales of laptop chips, a market segment where Intel is gaining more share.
AMD hopes to spin off Spansion in an initial public offering later this year to focus on personal computer and server chips. Spansion, which chalked up an operating loss of $110 million in the first quarter, makes up about 43% of AMD's total revenue.
But some observers wonder whether the IPO will be pulled off due to conditions in the NOR flash market. See full story.
"We believe there is material risk that the IPO will at a minimum be delayed," wrote UBS analyst Tom Thornhill, who think such an event could negatively impact AMD's shares. UBS has an $11 price target and sell rating on the stock.
Still, W.R. Hambrecht analyst Daniel Amir suggests that fundamentals should improve in the NOR flash market because prices for the chips have hit a low point.
Shares of AMD rose 22 cents Thursday to close at $18.73.
http://www.marketwatch.com/news/yhoo/story.asp?guid=%7B2BD1142A-77A9-4B02-BC70-786397B0C001%7D&s....
IBM Officially Unveils Dual-core PowerPC Chips
"Today at the Power Everywhere Forum in Japan, IBM officially unveiled its rumored dual-core PowerPC line of chips, the 970MP. Code-named Antares, these chips have been rumored to be under development since 2004. It is believed that Apple has been working with prototypes and is likely to use them in forthcoming updates to the PowerMac G5 line. The press release is in Japanese; as of this writing, IBM has not released an English version. Some of the slides from the presentation given by IBM are available. The processors pack some impressive specs, ranging from 1.4 to 2.5 GHz and including 1MB L2 cache per core; the chips also include the ability to power down the extra core when it is not needed. Alongside the 970MP, IBM also announced its low-power 970FX chips, ranging from 1.2 to 1.6 GHz, with power consumption ranging from 13 to 16 Watts, respectively."
http://hardware.slashdot.org/hardware/05/07/07/235206.shtml?tid=136&tid=126&tid=137
http://www-6.ibm.com/jp/press/20050707003.html
Try this.
http://www.compusa.com/products/cto/cto.asp?t=d
CTO= Configure to Order
It's supply and demand. When AMD can produce as many parts as the market requires at a given price, the price will drop. My guess, late 2006 for the 4200+.
An amazing deal considering the HD retails for around that price. What brand was it?
Buy a whitebox from Monarch Computers. There cheap and you can buy a warranty if you like. Also, you can look at there pre built specials which might appeal.
I believe freescale makes PPC chips. I believe Apple has rights to PPC as well.
Well for starters until very recently approximately half of IPF development cost has been shouldered by HP.
True and Intel wasn't getting $2,000 a chip for sales to HP either.
Just 40% market share will probably give Intel over $500m a year in pure profit ($1B revenue less ~$75m cost of sales less ~$350m a year in R&D)
Let me know when they get to 40% market share -- or even half that. In the meantime, the "investment" is yielding an ever greater negative IRR.
Fair enough, I will speculate that the suit will get settled on the eve of trial.
So Tenchu, what is that you are saying? Intel is or is not a monopolist? They will or will not prevail at trial? Damages will or will not be significant (significant being >$1 billion).
I believe you forgot to add in the fixed costs of R&D. What does that work out to? About $4,000 per chip sold on a nominal basis and that does account for the time value of money.
Yes, that was a brilliant investment.
Hearsay is not admissible and I doubt that the Inq was present at any of the reported meetings. Nothing to see here, move along.
Didn't Cray's XD1 and XT3 computers roundly trounce SGI's IPF based systems in the recent HPC challenge?
http://biz.yahoo.com/bw/050616/156114.html?.v=1
I guess they need to be really concerned.
Keith, Intel's tactics have been largely reactive. In other words, AMD/OEM agree to new product and then Intel strong arms OEM to abandon product (i.e. the A64 launch). This type of behavior will end during the course of the litigation, because it will be too much of a smoking gun.
Intel will continue to offer marketing money, discounts and the like to keep OEMs in line, but this is far less effective. As I said before, strategically this is a good move, but from a timing standpoint I think it suggests they will miss earnings for the quarter.
The workstation is a good new product, but it is woefully late and it is a placeholder for galaxy. Sun's execution has been pitiful in this regard. Andy has been back for how long now?
I remember Schwartz claiming a July 2005 launch for the Galaxy product. Now its been pushed back to the end of 2005.
There is, of course, an occasional Anti-AMD comment posted on the AMD Board, but clearly, by your own admission, it is an exception, not the general rule.
Semi, my observation was slightly different. What I was observing was that you find a greater instance of anti-AMD/ anti-AMD investor comments posted on the Intel board than you find anti-Intel/anti-Intel investor comments posted on the AMD board.
In other words, there is more time spent bashing investors/fans of AMD on the Intel board than there is of bashing investors/fans of Intel on the AMD board (your reply is an interesting example). Maybe it is justified by a need to respond to partisans from the other board cross posting here or vice versa.
Nothing wrong with it, if that is what the forum participants here prefer. Personally, I would find more discussion on investment considerations and timing useful.
In the end, it was just an observation.
Kate, I would wait for the Intel based Powerbooks next year. In fact, I am waiting for one. But if windows is important to you, lot's of choices available today.
Here is an interesting observation that warrants comment. A far larger percentage of messages on the intel board are either explicitly anti-AMD, anti-AMD poster or include some language that expresses the authors anti AMD sentiment (e.g. Droid) than messages on the AMD board being anti-Intel.
Keith, wouldn't it be more informative to compare the latest Intel version to the latest AMD version of a given chip (i.e. Rev E for AMD). If you do this, the premiums shrink quite a bit.
As an AMD investor, I look forward to the day that AMD product is priced comparably to Intel product, relying on the merits of a given processor to sell, rather than price.
IBM is as strong and rich as ever.
And no longer in the business of making or selling PCs.
It amazes me how an investor in any stock can have so little an understanding of how the capital markets work.
wbmw, from the Spansion S-1.
To accomplish these goals, in 2003, AMD and Fujitsu reorganized our company as FASL LLC, later renamed Spansion LLC, a Delaware limited liability company, and as of June 30, 2003, AMD and Fujitsu had transferred all of their respective interests in FASL to us. In addition, AMD had contributed its Flash memory inventory, its Fab 25 wafer manufacturing facility in Texas, its Submicron Development Center, or SDC, in California and its Flash memory assembly and test operations in China, Malaysia and Thailand. Fujitsu had contributed its Flash memory inventory and its Flash memory assembly and test operations in Malaysia. Both AMD and Fujitsu had transferred employees to us to perform various research and development, marketing and administrative functions.
Perhaps you should short AMD.
If they were doing a roadshow we would all know about it. So, no they are not presently on the road. As far a July, it is as yet too early to tell, though indicators are leaning against.
It doesn't take all that long to pull together the roadshow so it might still happen.
The only way a deal like spansion gets done is with a road show. As far as how long they can go -- indefinitely. Although they filed a registration statement, they are not required to act on it. If I were to guess, I would think that they would try and sell it in July or after Labor Day to ensure everyone is back at work.
Also, speculation only, they may be involved in merger discussions with ST Micro, which may preclude a spin altogether as ST would end up diluting AMD's share, thereby achieving AMD's objective.
MS projects that Spansion is a $9 drag on AMD's stock price (report at epscontest.com).