You don't get it. AMD warned that their sales for the just finished quarter will not meet expectations. Intel issued no such warning.
Therefore the issue lies with AMD.
The logic isn't that difficult.
. Do you really think Intel's analysts are so crappy that they can't make a realistic estimate 3 months ahead, so they'd have to issue yet another warning again now!?
You dont know seem to know how quarterly guidances work.
AMDs Q2 guidance was given 3 months ago at the end of Q1.
AMD has chosen to update their guidance shortly before their Q2 results because they now know that earnings won't fall within their guidance(which was a prediction).
Intel releasing a warning last quarter has nothing to do with Q2, its a completely new guidance.
At some point they have to issue a warning if things turn out worse than projected. AMD might have believed that things would turn out better than they would so they didn't issue a warning in Q1, but reality caught up with them.
But once a company issues a warning, they are not likely issue another one just next quarter. The analysts are not that poor after all, and things do not change that fast.
The reality is that PC sales have slowed down in general, and Intel just happened to issue their warning 3 months earlier than AMD.
Wow, just, no.
AMD's revenue guidance for Q2 already assumed a weak PC market. They did worse than already low expectations.
Yes, that's why they issued a warning. Just like Intel did in Q1.
You act like AMDs Q1 was on target.
In less than 3 months their shareprice went from 2.87 to currently 2.09.
It's down in after-hours trading too. It's gonna be a rough ride until Sept/Oct 2016!
If it makes until there. With sales crashing like that they won't make until Q316, let alone Q416 without further cuts and/or asset sales.
HBM and multiple power efficiencies added to the next node (14nm FinFET) and/or PD-SOI are going to allow a cheap multi-chip on interposer PC for the living room @ PS4 power levels. A dGPU is possible but the combination is outside the sweet spot of price and power/fan noise for the living room Skype-Connected Home-IoT-Vidipath PC. So:What I think is, the current structure is unworkable.
They need to spin off GPU ("ATI") (said that 3 yrs ago at another site). For many good reasons:
- gaming is a big consumer business and its only going to grow - its killing tv/cable in the youth market. 4K will accelerate this.
- their direct competition, Nvidia, can be beaten to wit HBM time to market.
- ATI has been short of resources, focus, management, you name it since the acquisition in 2007. They the BoD and mgmt robbed ATI to keep AMD afloat.
- HBM is a huge opportunity. Think GPU card on a single chip. Its also going to revolutionize the sub $100 market which has been bandwidth starved for a long time.
- raises money to restructure AMD. Considering Nvidia is worth $12B, a $2B pre-IPO valuation on ATI is not unreasonable. ( btw, you can go to Sedar.com to see all of ATI's old financials.)
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What's left of AMD would be restructured. They'd have ~$4.5B in cash and current assets against $3.3B in current liabilities and long term debt plus the big off balance sheet liability ( "WSA") of course so you'd think this could still be done outside the confines of Chapter 11.
Then you'd think they would cut sg&a to the bone and put all resources on Zen/x86 while still generating revenue from Console and existing APUs.
HBM and multiple power efficiencies added to the next node (14nm FinFET) and/or PD-SOI are going to allow a cheap multi-chip on interposer PC for the living room @ PS4 power levels. A dGPU is possible but the combination is outside the sweet spot of price and power/fan noise for the living room Skype-Connected Home-IoT-Vidipath PC. So:
1) Don't breakup AMD
2) A comeback is coming with Vidipath, ATSC 2 and 3 as well as the FCC DSTAC eliminating the cable card and allowing downloadable security.
3) Gaming, VR and AR require the power of a PC in the living room on that 4K TV that is under power regulations that don't permit it to do the same
Betting the future of AMD on cable companies moving rapidly seems like a bad idea. Have you looked at a cable box recently?
Hmm.. how does XV compare to Puma+? Remember, one module is still 2 cores.Even if they wanted this ship has sailed. They ditched the cat cores, which would be ideal to this kind of venture.
How does XV compares to Silvermont or ARM? It is still a low cost market after all, and XV chips aren't exactly cheap to design and manufacture.Hmm.. how does XV compare to Puma+? Remember, one module is still 2 cores.
How does XV compares to Silvermont or ARM? It is still a low cost market after all, and XV chips aren't exactly cheap to design and manufacture.
I agree here, but then how would AMD get into tv boxes? This ARM chip wouldn't be engineered for lower costs, it would be standard after all, and AMD wouldn't be able to fetch a lower cost with their foundry partners for obvious reasons.AMD can license ARM cores just as well as anyone else Even if Skybridge got canned, the work to make GCN play nicely with an ARM design is already done. I suspect their future embedded designs will replace cat cores with A72/53 (or whatever the latest equivalent is). And in fact, this is my guess for what ends up in the next Nintendo console.
I agree here, but then how would AMD get into tv boxes? This ARM chip wouldn't be engineered for lower costs, it would be standard after all, and AMD wouldn't be able to fetch a lower cost with their foundry partners for obvious reasons.
HBM and multiple power efficiencies added to the next node (14nm FinFET) and/or PD-SOI are going to allow a cheap multi-chip on interposer PC for the living room @ PS4 power levels. A dGPU is possible but the combination is outside the sweet spot of price and power/fan noise for the living room Skype-Connected Home-IoT-Vidipath PC. So:
1) Don't breakup AMD
2) A comeback is coming with Vidipath, ATSC 2 and 3 as well as the FCC DSTAC eliminating the cable card and allowing downloadable security.
3) Gaming, VR and AR require the power of a PC in the living room on that 4K TV that is under power regulations that don't permit it to do the same