AMD earning conference impression
Dirk also played down the move to DDR2, saying there is "some" benefit, but it is "not huge", IIRC. I know some AMD fans put this at the top of their list of weopons to fend off Intel. Don't count on it.
Another thing, often argued about on this board and used by the AMD fans in their logic, is the false assumption that AMD was capacity constrained. AMD made it clear, they were NOT capacity constrained. So an analyst asked, why bring up Chartered? AMD tap danced around this a bit and IMO did not give a satisfactory answer.
When analyst tried to pin the 55-60% margins for the next quarter, AMD balked, all the while insisting that going forward analyst should expect it.
Inventories is an area I have questions about. While the value of inventories are down, which usually is positive, they did not mention if units were down respectively. Is it possible they anticipate lower ASP's going forward and valueing the inventory accordingly? Later, they said they want higher inventory, which if my reasoning has any merrit, implies they want higher ASP (obviously). None of the analysts pinned them down on inventory units vs. dollar value. I dont recall a ASP projection for the future quarter.
Mentioned goal of 30% of market (unit? value?) within 3-5 years from now. The way the AMD fans on this board have been posting, this should have happened by now. Dissapointing to someone like Rick Whitington of Caris :)
Subdued, considering their quarter was very, very good. Also whenever an analyst attempted to get AMD to confirm the strong momentum of the past will continue, by asking for specific datapoints, AMD was not willing to "give that level of granularity".
IMHO
