With the launch of the latest processors, AMD has once again taken the technological lead. However, the debt level remains very high, and execution remains an issue.
Written by Andres Romero
Company Profile: Advanced Micro Devices Inc. (obtained via Google Finance)Advanced Micro Devices, Inc. (AMD), incorporated on May 1, 1969, is a global semiconductor company with facilities worldwide. The Company provides processing solutions for the computing, graphics and consumer electronics markets. During the year ended December 31, 2006, the Company offered primarily x86 [...]
4/8 - "AMD negatively pre-announced Q1 revenues on weak end market demand. This conforms to our view that PCs along with wireless handsets are likely to drive negative earnings revisions in the first half of 2008....maintaining a Hold rating."
"We are lowering our estimates...Revenue: Q1 C2008E from $1.66 billion to $1.5 billion; C2008E from $7.145 billion to $6.402 billion...EPS: Q1 C2008E from ($0.31) to ($0.44); C2008E from ($0.57) to ($1.26)...Price target remains $6.50, and equates to a market cap of 0.6x our C2008 revenue estimate."
"Other semiconductor names may be at risk from a w...
4/8 - "Final Move: Advanced Micro Devices (AMD), Intel (INTC)
Cramer finished Monday’s program by putting Hector Ruiz on his CEO Wall of Shame and said he prefers INTC."
4/8 - "Analyst Doug Freedman of American Technology Research welcomed AMD's cost-cutting news. "AMD hasn't been efficient with the workforce it has," he says. "I don't think this cut will be material to its ability to be effective. It will emerge leaner and meaner. We saw what this did at Intel after it started cutting jobs that amounted to 20% of head count." Freedman rates AMD stock a buy with a price target of $10.
Earlier in the day, before AMD's announcement, Lehman Brothers (LEH) analyst Tim Luke said in a research note he expects AMD's share in the PC and server microprocessor marke...
4/7 - "Advanced Micro Devices, Inc. (Public, NYSE:AMD) plans to can 10% of its employees and expects Q1 08 revenues to fall 7%. The stock is down after hours and is fighting to stay above $6 a share. Will this company ever turnaround?
AMD said it expects Q1 revenue of $1.5 billion, a 22% increase from the year-earlier period, but a 15% decline from the fourth quarter."
"At some point this stock may become a 'Buy' but until it hits another 52-week low, the Masters aren't touching it."
AMD (AMD) has been bragging that it will introduce a new high-end chip for desk-top computers. It will make PCs run faster, especially for hungry video and gaming applications. The chip, Phenom, is about to hit the market.
Unfortunately, the competing product from Intel (INTC) has more power and a head start in the market. According to The Wall Street Journal "Intel, which packages dual-processor chips together for its quad-core products, still has bragging rights at the top end of the enthusiast market."
J.P. Morgan’s Christopher Danely this morning warned that Advanced Micro Devices (AMD) is likely to report Q1 revenues below company guidance calling for a “seasonal” March quarter.
Danely now sees the company losing $1.40 a share this year, compared with a previous estimate of a loss of $1.32. For 20
I take a view that this company will have to survive in order to maintain somewhat of a competition in the market. In this case probablilities that they soon come up with s competitive product goes up and therefore my target price with it.
Long term value play. I am not a big fan of this company and would not be a buyer. But if I owned it I would hold. The company has a nice portfolio of products supporting the solar panel industry that should see some decent growth over the next decade.
When the Telecom credit crunh was in full swing it was amaizing how with WorldComm, AT&T, Verizon, Sprint, Global Crossing, and Level 3 all proclaiming a net negative growth of capital expenditure. The share holders of GLW, NT, CSCO, LU, and others said "BUY WE HAVE THE TECHNOLOGY TO STEAL CUSTOMERS". Everybody thought that decrease netwrorking equipment spending ment nothing because THEY WERE STILL GOING TO GROW SALES.
IT DID NOT HAPPEN. No one won!!!!
Now the clowns owning AMD are sayin the drop in INTC Sells are the results of taking over market share. Remeber folk
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