AMD Q1 2015 Earnings - 23 cents a share loss, to exit dense server (SeaMicro)

[Qianglong]

I don't know what to say...
http://www.marketwatch.com/story/amd-stock-falls-8-as-sales-disappoint-2015-04-16?siteid=yhoof2

 

[ShintaiDK]

137M$ loss.
397M$ revenue loss YoY down to a 1.03B$ revenue.

The PC division dropped from 861M$ revenue to 532M$ revenue YoY. (CPU/APU+GPU)

R&D up 4M$ to 242M$.

So SeaMicro was another complete disaster buy.

Outlook doesnt look better either.

For Q2 2015, AMD expects revenue to decrease 3 percent, plus or minus 3 percent,
sequentially.​

 

[seitur]

That does look BAD.

 

[ikachu]

Yeah on days like this I don't regret leaving AMD at all...

 

[witeken]

At least AMD didn't have a $1B mobile loss :sneaky:.

 

[Arachnotronic]

Yeah on days like this I don't regret leaving AMD at all...

You made a good move, IMO.

 

[frozentundra123456]

The loss was only 9 cents per share excluding one time items, so it is not as bad as the 23 cent loss makes it sound.

Estimated was a loss of 6 cents, so it still did not make estimates. All in all, bad, but I dont see it as a disaster.

 

[cytg111]

Yeah on days like this I don't regret leaving AMD at all...

What did you work with at AMD?

 

[ikachu]

What did you work with at AMD?

Was on the BIOS team so nothing too exciting

 

[jpiniero]

Just sell the assets to Samsung already.

 

[erunion]

What's the future for seamicro? Did they simply write it off as a loss and close it?

 

[jpiniero]

What's the future for seamicro? Did they simply write it off as a loss and close it?

I'm sure they are selling it. They could use the cash.

 

[Phynaz]

What's the future for seamicro? Did they simply write it off as a loss and close it?

Yep, they even shuttered the web site.

 

[DrMrLordX]

Wow. It didn't take long for Broadwell-D to chase them out of the dense server market. Where does that leave Seattle and its children? That also puts K12 on an awkward footing!

 

[Arachnotronic]

Wow. It didn't take long for Broadwell-D to chase them out of the dense server market. Where does that leave Seattle and its children? That also puts K12 on an awkward footing!

Seattle is still sampling; they're saying 2H 2015 for revenue...wow.

 

[NTMBK]

Owch. Not looking good for them. Zen/K12 looks like a real do or die moment.

 

[Sequences]

When Apple went low in the late 90s, MS injected it with some cash. Would that ever be the case with AMD? Could Intel feel it necessary to invest in AMD to keep it afloat?

 

[Phynaz]

When Apple went low in the late 90s, MS injected it with some cash. Would that ever be the case with AMD? Could Intel feel it necessary to invest in AMD to keep it afloat?

The MS injecting cash into Apple thing is a myth.

Intel may buy up some pieces of AMD after the bankruptcy, but that's about it.

 

[jpiniero]

Wow. It didn't take long for Broadwell-D to chase them out of the dense server market. Where does that leave Seattle and its children? That also puts K12 on an awkward footing!

Really, I don't know where AMD goes now really. Even better products doesn't change much since they have no presence in the corporate PC market and consumer (which is still slumping) is now dominated by Bay Trail and friends.

When Apple went low in the late 90s, MS injected it with some cash. Would that ever be the case with AMD? Could Intel feel it necessary to invest in AMD to keep it afloat?

Yes, but only in exchange for AMD's x86 license. Maybe let them keep the console deal.

 

[podspi]

Owch. Not looking good for them. Zen/K12 looks like a real do or die moment.

I remember thinking the same thing about Bulldozer, but this time it might actually be true.

I think they can do it, that is, it is in the realm of physical possibility. Whether they will or not is another story entirely. Leadership there has been so bad for so long (and it isn't clear that it is any better now, though I hope it is).

 

[erunion]

Wow. It didn't take long for Broadwell-D to chase them out of the dense server market. Where does that leave Seattle and its children? That also puts K12 on an awkward footing!

The dirty secret with seamicro is they were selling systems with Intel chips in them.

More likely AMD finally decided to stop throwing good money after bad.

 

[podspi]

The MS injecting cash into Apple thing is a myth.

Intel may buy up some pieces of AMD after the bankruptcy, but that's about it.

http://www.engadget.com/2014/05/20/what-ever-became-of-microsofts-150-million-investment-in-apple/

Not true. Though I bet they wish they'd kept some of those shares instead of selling them in '03 :biggrin:

 

[microAmp]

Yeah on days like this I don't regret leaving AMD at all...

At least you got out on your terms, I was laid off in March. You know things are bad when they cap their severance packages to 26 weeks.

 

[grimpr]

137M$ loss.
397M$ revenue loss YoY down to a 1.03B$ revenue.

The PC division dropped from 861M$ revenue to 532M$ revenue YoY. (CPU/APU+GPU)

R&D up 4M$ to 242M$.

So SeaMicro was another complete disaster buy.

Outlook doesnt look better either.

You seem happy about it, already have a champagne bottle to open on AMDs default?

Derailing a thread, and trolling is not allowed.
Markfw900

 

[Phynaz]

http://www.engadget.com/2014/05/20/what-ever-became-of-microsofts-150-million-investment-in-apple/

Not true. Though I bet they wish they'd kept some of those shares instead of selling them in '03 :biggrin:

The truth:

http://www.zdnet.com/article/stop-the-lies-the-day-that-microsoft-saved-apple/

But this is way off topic.