AMD Q414 results

Page 3 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

mrmt

Diamond Member
Aug 18, 2012
3,974
0
76
Again, Debt didn't increase this quarter. Revenue came in at its projected levels.

(...)

A lot of people have a short memory -- like ignoring 2007, When AMD was losing around $500 million every quarter. 2014 pales by comparison. "This is the Voice of Doom speaking! Special Bulletin! Flash! The Sky is Falling."

Just because the sales levels were in line with the quarterly forecast doesn't mean the sales levels are sustainable, and they aren't. And you are comparing that in 2007 AMD had to write down ATI value, e.g., the losses came straight from the disastrous AMD acquisition, with debt they amassed in their golden years. Today they don't really have much choice in terms of debt, and they don't have many assets to sell, just IP.
 

Abwx

Lifer
Apr 2, 2011
11,543
4,327
136
I dont know about negotiating for a better settlement, but paying 5 billion in cash for a company, and turning it into a combined company with a market cap of 2 billion would seem to qualify as a pretty serious disaster to me. Reverse midas touch.


Despite the cost i guess that it was cheaper than say a Mc Afee, and was also a much better deal IP wise...

No. There are far easier ways to get a GPU technology than 5.5B$ down the drain.


Everything is locked by patents, didnt Intel buy 3D Labs IP.?.
And still that wasnt enough to get sued by Nvidia and being late in GPU perfs and perfs/watt.
 
Last edited:

MiddleOfTheRoad

Golden Member
Aug 6, 2014
1,123
5
0
I cant see Samsung or anyone else have any interest in AMD in its current state. Nobody wants to do another ATI. Specially not with 9600 employees you dont have much use for. And the IP will be cheap enough down the road. Imagination Technologies is my best guess for the IP.

Blackberry is a completely different case. Samsung is essentially buying users.

What users? Blackberry now has a fraction above 0% marketshare. Samsung is buying them for the technology -- the users have already abandoned Blackberry.

http://www.theinquirer.net/inquirer...market-share-shrinks-to-less-than-one-percent

AMD has 100% marketshare in home game console GPU's. That could be very attractive to the people that make them. Nintendo and Microsoft definitely have the money (considering how cheaply AMD probably could be acquired at this point) -- they could spinoff the pieces they don't want, too or do a structured bankruptcy like Chrysler did before Fiat acquired them.
 

AnandThenMan

Diamond Member
Nov 11, 2004
3,980
595
126
No. There are far easier ways to get a GPU technology than 5.5B$ down the drain.
That's why everyone does it. Oh wait, only ATI/AMD and Nvidia have anything in graphics worth talking about. And look, the two companies are the ones that were there when the graphics industry was just taking off. See a pattern?
AMD could have MERGED with ATI, without cashing out its shareholders. That would give AMD access to ATI IP but wouldn't wrecked its balance sheet.
Could have. Didn't happen, doesn't matter either way the purchase is not the reason AMD is near closing their doors no matter how many ways you try and claim it is.
 
Last edited:

Vesku

Diamond Member
Aug 25, 2005
3,743
28
86
Not surprising, they rarely get decent OEM design wins yet the WSA with GlobalFoundries prevents them from reducing their chip production to match. AMD doesn't even seem to get decent wafer costs from GF judging by their retail APU prices vs their gross margin.
 

MiddleOfTheRoad

Golden Member
Aug 6, 2014
1,123
5
0
Just because the sales levels were in line with the quarterly forecast doesn't mean the sales levels are sustainable, and they aren't. And you are comparing that in 2007 AMD had to write down ATI value, e.g., the losses came straight from the disastrous AMD acquisition, with debt they amassed in their golden years. Today they don't really have much choice in terms of debt, and they don't have many assets to sell, just IP.

The bottom line is I really don't care what you say. An ego-maniac that ridicules people by distorting quotes of other members of this forum with their signature can pretty much rot in hell along with the fantasy of AMD's demise. Quotes taken out of context don't impress me.

No bad language or peronal attacks in the tech forums.
Markfw900
 
Last edited by a moderator:

CHADBOGA

Platinum Member
Mar 31, 2009
2,135
832
136
The bottom line is I really don't care what you say. An ego-maniac that ridicules people by distorting quotes of other members of this forum with their signature can pretty much rot in hell along with the fantasy of AMD's demise.

He quoted you accurately and in context.
 

mrmt

Diamond Member
Aug 18, 2012
3,974
0
76
The bottom line is I really don't care what you say. An ego-maniac that ridicules people by distorting quotes of other members of this forum with their signature can pretty much rot in hell along with the fantasy of AMD's demise. Quotes taken out of context don't impress me.

If by ridiculing people and distorting quotes you mean quoting you ipsis literis, be my guest. :awe:

We can discuss your quote and the context after the Q414 call transcript, after Lisa explains her plan to take AMD out of this Bulldozed hole
 

AnandThenMan

Diamond Member
Nov 11, 2004
3,980
595
126
Blackberry is a completely different case. Samsung is essentially buying users.
Different case? Samsung is looking to buy BlackBerry for $7.5 billion, that is one poor "per user" price in fact it's laughable. Buying a user base is literally the LAST reason Samsung is looking to do this.
 

ShintaiDK

Lifer
Apr 22, 2012
20,378
145
106
What users? Blackberry now has a fraction above 0% marketshare. Samsung is buying them for the technology -- the users have already abandoned Blackberry.

http://www.theinquirer.net/inquirer...market-share-shrinks-to-less-than-one-percent

AMD has 100% marketshare in home game console GPU's. That could be very attractive to the people that make them. Nintendo and Microsoft definitely have the money (considering how cheaply AMD probably could be acquired at this point) -- they could spinoff the pieces they don't want, too or do a structured bankruptcy like Chrysler did before Fiat acquired them.

Samsung isnt buying them at all:
http://www.wsj.com/articles/samsung-isnt-planning-blackberry-acquisition-co-ceo-says-1421665607

Partnership to gain users.

AMD may have 100% GPU console share now. But it can drop like a rock. Thats the problem being semicustom. PowerPC had 100% console CPU share last time.

Think on how much you have to spin of or directly sack. How little left of AMD is actually desireable. And remember R&D costs. Without the PC segment that they lose in both CPU and GPU. Who is to pay the entire cost? Consoles isnt paying for that.
 

pablo87

Senior member
Nov 5, 2012
374
0
0
Poor results.

They did a good job moving the inventory down though that only happened because Global Foundries generously declined to bill $200MM of the $1.2B take or pay commitment for 2014. By the way, what kind of business does that?

The buyback of long term debt, at a time when AMD is bleeding cash (anyway you look at it, current assets minus current liabilities dropped some $175MM in a single quarter, $375MM without the "generosity" of Global Foundries), is perplexing to say the least. Its akin to the Central Bank of a poor country using its hard currency reserves to prop up the local currency, as if that is a long term proposition.

Without Intel's license, AMD is done.

Without Global Foundries' "generosity", AMD is done.

Without Console business, AMD is done (PC sales are down 60% from Dirk days).

The only way to save AMD is to retreat to GPU's + a small CPU group. ATI operated nicely as a public company in 2006 with C$170MM of quarterly SG&A when their structure included Xilleon, Adreno and chipsets. Add 50% gives you US$210MM quarterly. The WSA and long term debt would have to be restructured as well.
 

MiddleOfTheRoad

Golden Member
Aug 6, 2014
1,123
5
0
He quoted you accurately and in context.

No he didn't. It was taken from a larger paragraph where I looked at the pros and cons of their current state. I think I remember what I said because I said it. But thanks for being another ego-maniac explaining to me how I think.
 

mrmt

Diamond Member
Aug 18, 2012
3,974
0
76
No he didn't. It was taken from a larger paragraph where I looked at the pros and cons of their current state. I think I remember what I said because I said it. But thanks for being another ego-maniac explaining to me how I think.

Let's have a look on that post again after the Q&A transcript.
 

rainy

Senior member
Jul 17, 2013
514
439
136
What a great day for usual trolls/bashers/fanboys: AMD clearly on red in Q4!

Btw, I have a question to OP: of course it's purely coincidental that you've created this thread and your friend from Denmark about Q3?
 

Abwx

Lifer
Apr 2, 2011
11,543
4,327
136
The buyback of long term debt, at a time when AMD is bleeding cash (anyway you look at it, current assets minus current liabilities dropped some $175MM in a single quarter, $375MM without the "generosity" of Global Foundries), is perplexing to say the least.

They didnt buy back any debt technicaly speaking, they refinanced it, meaning getting lower interests rates for future payements.
 

senseamp

Lifer
Feb 5, 2006
35,787
6,197
126
Qualcomm (my guess) will buy them, IMO. The question is for how much, and before, during, or after bankruptcy. You don't come across a good CPU design team (by SOC vendor standards), a good GPU design team, loads of patents, and an x86 license that often.
And don't even start with the x86 license is not transferable nonsense. If Intel tries enforcing that, they'll end up with billions in anti-trust fines, and still be forced to license it, possibly to everyone and on FRAND terms. They won't touch that hornet's nest with a ten foot pole.
 

ShintaiDK

Lifer
Apr 22, 2012
20,378
145
106
Qualcomm (my guess) will buy them, IMO. The question is for how much, and before, during, or after bankruptcy. You don't come across a good CPU design team (by SOC vendor standards), a good GPU design team, loads of patents, and an x86 license that often.
And don't even start with the x86 license is not transferable nonsense. If Intel tries enforcing that, they'll end up with billions in anti-trust fines, and still be forced to license it, possibly to everyone and on FRAND terms. They won't touch that hornet's nest with a ten foot pole.

Why would Qualcomm want to make x86 chips. Its directly against their business concept. Not to mention all the cash they need to spend for it to make it competitive.

And you dont have to buy a company to get employees.
 
sale-70-410-exam    | Exam-200-125-pdf    | we-sale-70-410-exam    | hot-sale-70-410-exam    | Latest-exam-700-603-Dumps    | Dumps-98-363-exams-date    | Certs-200-125-date    | Dumps-300-075-exams-date    | hot-sale-book-C8010-726-book    | Hot-Sale-200-310-Exam    | Exam-Description-200-310-dumps?    | hot-sale-book-200-125-book    | Latest-Updated-300-209-Exam    | Dumps-210-260-exams-date    | Download-200-125-Exam-PDF    | Exam-Description-300-101-dumps    | Certs-300-101-date    | Hot-Sale-300-075-Exam    | Latest-exam-200-125-Dumps    | Exam-Description-200-125-dumps    | Latest-Updated-300-075-Exam    | hot-sale-book-210-260-book    | Dumps-200-901-exams-date    | Certs-200-901-date    | Latest-exam-1Z0-062-Dumps    | Hot-Sale-1Z0-062-Exam    | Certs-CSSLP-date    | 100%-Pass-70-383-Exams    | Latest-JN0-360-real-exam-questions    | 100%-Pass-4A0-100-Real-Exam-Questions    | Dumps-300-135-exams-date    | Passed-200-105-Tech-Exams    | Latest-Updated-200-310-Exam    | Download-300-070-Exam-PDF    | Hot-Sale-JN0-360-Exam    | 100%-Pass-JN0-360-Exams    | 100%-Pass-JN0-360-Real-Exam-Questions    | Dumps-JN0-360-exams-date    | Exam-Description-1Z0-876-dumps    | Latest-exam-1Z0-876-Dumps    | Dumps-HPE0-Y53-exams-date    | 2017-Latest-HPE0-Y53-Exam    | 100%-Pass-HPE0-Y53-Real-Exam-Questions    | Pass-4A0-100-Exam    | Latest-4A0-100-Questions    | Dumps-98-365-exams-date    | 2017-Latest-98-365-Exam    | 100%-Pass-VCS-254-Exams    | 2017-Latest-VCS-273-Exam    | Dumps-200-355-exams-date    | 2017-Latest-300-320-Exam    | Pass-300-101-Exam    | 100%-Pass-300-115-Exams    |
http://www.portvapes.co.uk/    | http://www.portvapes.co.uk/    |