AMD stock ultra low level

[tuteja1986]

I didn't notice untill today but AMD stock has dropped below $10

Are the analyst being really hrash on AMD ? .. even after the mere success with ATI selling loads of RV670 chip is not good enough ?

 

[taltamir]

I am wondering if they are fucking up on purpose knowing that they have a killer comming... if the big shots in the company buy tons of stock right now they could make lots of money...

That or they just suck hardcore, which I think is more likely.

 

[eyk03]

Where are you getting your stock quotes? AMD closed on the 23rd at 10.78, so the drop to 9 isn't a huge one.

With that said, the more telling figure is from February 24, 2006 - Today...40.54 to 9.07. Ouch. Wish I'd shorted AMD.

AMD is in serious trouble in Wall Street's eyes, because they're just not making money, and not projected to in 2008 either. Barcelona is not performing as expected, and even AMD's traditional strategic segment (the budget market) is being dominated by Intel. They're consistently late on everything, and as a result, they've gotten leapfrogged. They STILL don't have a direct competitor to the 8800 Ultra. Plus, analysts hate Hector Ruiz.

With all that said, I hope they recover. Competition benefits all of us.

 

[tuteja1986]

Originally posted by: eyk03
Where are you getting your stock quotes? AMD closed on the 23rd at 10.78, so the drop to 9 isn't a huge one.

With that said, the more telling figure is from February 24, 2006 - Today...40.54 to 9.07. Ouch. Wish I'd shorted AMD.

AMD is in serious trouble in Wall Street's eyes, because they're just not making money, and not projected to in 2008 either. Barcelona is not performing as expected, and even AMD's traditional strategic segment (the budget market) is being dominated by Intel. They're consistently late on everything, and as a result, they've gotten leapfrogged. They STILL don't have a direct competitor to the 8800 Ultra. Plus, analysts hate Hector Ruiz.

With all that said, I hope they recover. Competition benefits all of us.

opps got the date wrong :

2007-10-16

Totally agree with you on competition benefits all of us. If AMD were to be no more , Intel and Nvidia wouldn't just do very small incremental update

 

[Tarindel]

AMD is in trouble. They have lodes of debt, and their Phenom product really isn't competitive with Core2. Since they derive like 78% of their revenues from the CPU products, that's gonna hurt. Even though the 3780 isn't as good as the 8800GT, AMD can make them a lot cheaper, so they'll be able to make a profit on them even if they have to compete on price. But still, I wouldn't be surprised to see AMD's stock drop below 8.

 

[Genx87]

If I thought the end was near their stock would be bought. Unfortunately I really dont seem the defeating Nvidia and Intel. Future looks bleak

 

[JACKDRUID]

we really should support AMD more... competition is good for us..

that said, they really should make their product more competitive.. something with better price/performance such as AMD386, K2, Athlon.. as they were back in the days.

 

[BernardP]

It is dubious the stock is even woth $9. Share price is theorically supposed to reflect the present value of future earnings. As it is now, AMD looks more like a startup company still in the money-burning stage.

Yet, all is not lost. If the share price goes low enough, someone is going to come out of the woodwork and make an offer to buy the whole shebang at a fire-sale price, then try to turn it around.

 

[hans007]

well...

amd diluted their shares by selling to the UAE. that is why it has fallen from 12.50 ish to $9 in like 1 month.

that and their balance sheet is horrible.


the 3850/3870 are doing well but its not going to show up in their finances for a while, and there still havent really been THAT many 3850/3870 sold. they have sold mayve 120,000 cards. if they sold like a million more, it still wouldnt be that huge, since... even if they sold say... 1 million cards @ $20 profit per chip thats sitll only 20 millino profit.

and they have been losing 300-600 million a quarter.



i think MAYBE in like 2 quarters if they fix barcelona etc, get to 45nm.. maybe the stock will be worth owning. and it will be like $7-8 by then.

 

[Lonyo]

Originally posted by: hans007
well...

amd diluted their shares by selling to the UAE. that is why it has fallen from 12.50 ish to $9 in like 1 month.

that and their balance sheet is horrible.


the 3850/3870 are doing well but its not going to show up in their finances for a while, and there still havent really been THAT many 3850/3870 sold. they have sold mayve 120,000 cards. if they sold like a million more, it still wouldnt be that huge, since... even if they sold say... 1 million cards @ $20 profit per chip thats sitll only 20 millino profit.

and they have been losing 300-600 million a quarter.



i think MAYBE in like 2 quarters if they fix barcelona etc, get to 45nm.. maybe the stock will be worth owning. and it will be like $7-8 by then.

It's mainly the horrible balance sheet and the fact that they have nothing which will make them much money. Barcelona has serious issues and delays, and is slower than the competition, ATi only makes up a small part of the business so can't drag them out of the whole, people are worried about the strength of their manufacturing capabilities against Intel, and they have a lot of debt.

 

[aka1nas]

Originally posted by: taltamir
I am wondering if they are fucking up on purpose knowing that they have a killer comming... if the big shots in the company buy tons of stock right now they could make lots of money...

They have a tendency to end up in club Fed if they do that, so probably not.

 

[postmortemIA]

Another quarter, another loss.. hand in hand with US auto industry.

I wonder how Intel motivates their employees when competition is so 'lame' in a lack of better word.

 

[darkxknight]

im buying stock if they ever go under 8. amd is NOT gonna die. eventually, they will make a comeback and ill be rollin in DOUGH.

 

[bryanW1995]

you'd have a much better shot to roll in dough buying cookies these days than amd stock

 

[spinejam]

it has been lower! i remember purchasing amd stock several years ago for ~ $7.00/share (sold it when it hit $15.00/share)

the outlook is different now though!

 

[Pocatello]

Some investors are going buy up AMD stock. Abu Dhabi already picked up 8%.

 

[hans007]

Originally posted by: Pocatello
Some investors are going buy up AMD stock. Abu Dhabi already picked up 8%.

well the abu dhabi group didn't actually buy any real stock.



AMD issued more shares which is completely different. AMD honestly is in a pretty desperate place if they are issuing new shares to fund operations.

the terrible balance sheet is what got it do the $12s. the share dilution was a sign and why it fell even more.

 

[Pwntcomputer]

Germany just gave them close to 400mil. Sounded like a rich person throwing a homeless man a bone. I love AMD, but they obviously blew it.

 

[TanisHalfElven]

Originally posted by: postmortemIA
Another quarter, another loss.. hand in hand with US auto industry.

I wonder how Intel motivates their employees when competition is so 'lame' in a lack of better word.

it doesn't. thats why it took A64 (and 4 years) to get intel to create a processor worth owning.

 

[Polish3d]

Thanks AMD, not only are you going down, but you had to buy ATI just in time to drag them down with you

 

[hans007]

Originally posted by: Frackal
Thanks AMD, not only are you going down, but you had to buy ATI just in time to drag them down with you

as much as i dont want AMD to die, they didnt really "drag" ATI down.


ATI was already losing a lot of money when AMD bought them, and with the 26/2900 being a relative failure (which i wouldnt blame AMD for, as it would have been a failure had ATI been left alone) i dont think AMD has hurt or harmed ATI.

 

[fire400]

Originally posted by: taltamir
I am wondering if they are fucking up on purpose knowing that they have a killer comming... if the big shots in the company buy tons of stock right now they could make lots of money...

That or they just suck hardcore, which I think is more likely.

it's not very business ethical to be doing this.

if they are stupid enough to practice something like this, not only would it ruin their reputation, but their maximum profit business oriented goal would be a waste.

business = cash flow.

only the brains of a kid would do something purposely like what you just said.

 

[apoppin]

Originally posted by: tuteja1986
I didn't notice untill today but AMD stock has dropped below $10

Are the analyst being really hrash on AMD ? .. even after the mere success with ATI selling loads of RV670 chip is not good enough ?

i believe it suddenly dropped almost a dollar on the news that there were some serious errata in Barcelona - i caught this on the TV news two nights ago ... AMD assured its investors that a patch would take care of it but the damage was done

 

[Avalon]

Was that the cache errata that prevented certain steppings from running stable at higher speeds?

 

[apoppin]

Originally posted by: Avalon
Was that the cache errata that prevented certain steppings from running stable at higher speeds?

i dunno

i just caught it as the TV was in the background ... it was Nightly Business Report on my PBS station in SoCal on Thursday night, i think

- - -

EDIT ... here you go ... i googled it

http://www.news.com/8301-13579_3-9829670-37.html

AMD will be forced to delay the ramp of its Barcelona server processor after running into a bug, the company has confirmed.

Barcelona, AMD's first quad-core processor for servers, is shipping to some customers in the high-performance computing market. But the company had hoped to start shipping it to a wider variety of customers this month, as well as introduce a faster model that could better compete with Intel's latest Penryn chips.

Unfortunately for AMD, that's going to have to wait, according to a company spokesman. The Tech Report has an excellent description of the problem that AMD encountered with the translation lookaside buffer used in cache memory, which also affects the Phenom desktop chips. I'm not even going to attempt to explain to you exactly what that means, check out Scott Wasson's article for a detailed look at that. Bottom line, however: Barcelona's arrival on the main stage is going to be delayed, again.

Even though the company has developed a workaround for the errata, this is awful news for AMD. Every chip company will come across errata (think of them like bugs in a new OS release) with the arrival of a new chip. Most of them are minor, and can be fixed pretty quickly after launch with a simple code update. This one requires a bit more work, hence the delay. Still, it's far from a disaster: it's not like AMD is recalling the chip.

> > >

AMD's stock fell 3.68 percent to a 52-week low of $8.91 Tuesday on the news, which also prompted a financial analyst to cut a revenue estimate. This came on a day when the overall market was up sharply.

Last Edit: OK, so it was Wednesday
--Dec , 2007

... blame it on the meds