The AMD Execution Thread [2007 - 2017]
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- AMD will receive more than $32 million to fund exascale research;
- The research will focus on Heterogeneous Systems Architecture (HSA)-based Accelerated Processing Units (APUs), and a new generation of memory interfaces;
- The goal of the research is eventual commercial applications, so the IP created as part of this research will make its way into various future AMD products.
http://community.amd.com/community/...res-third-consecutive-exascale-research-grant
A1xLLcqAgt0qc2RyMz0y
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AMD Announces Move to Nasdaq
http://finance.yahoo.com/news/amd-announces-move-nasdaq-211500421.html
Stock is off almost 4% to $2.49 on the news
http://finance.yahoo.com/q?s=AMD&ql=0
Notice of Delisting or Failure to Satisfy a Continued Listing Rule
http://biz.yahoo.com/e/141209/amd8-k.html
http://finance.yahoo.com/news/amd-announces-move-nasdaq-211500421.html
Stock is off almost 4% to $2.49 on the news
http://finance.yahoo.com/q?s=AMD&ql=0
Notice of Delisting or Failure to Satisfy a Continued Listing Rule
http://biz.yahoo.com/e/141209/amd8-k.html
I don't think you can conclude the drop in stock price is due to this. AMD has been dropping all week, preceding this news. The entire market has dropped as well.
It means the trading aspects of the stock are handled by a different platforms: setting of prices, finding a counterparts who will buy the stock, dealing with the aftermath of a trade, settlement etc.
In the physical world, it'd be like putting your wares for sale on a different flea market.
For buyers/sellers, nothing really changes: the broker takes care of everything.
Some really big players bypass the NYSE/NASDAQ completely and use parallel trading platforms to exchanges shares with each other.
A1xLLcqAgt0qc2RyMz0y
Veteran
No, that's not what it says.
And by the end of the last quarter, they still have $938M in cash, cash equivalents, or marketable securities, down only $10M from the quarter before.
One way this could be interpreted is that this allows them to shift more cash into marketable securities.
A1xLLcqAgt0qc2RyMz0y
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That third quarter is in the past. The current quarter will be a blood bath with the 20% lower revenue and the costs of the layoffs and the restructuring.
The ONLY reason to amend the Loan Agreement from $500,000,000 to $250,000,000 is because AMD expects that very soon they will have less than $500,000,000 in domestic cash or cash equivalents.
AMD needs cash to run day-to-day operations and has no excess cash to invest in marketable securities. In fact AMD has been doing reverse mortgages the past year on property just to raise needed cash.
I don't think many will accuse me of being an ardent AMD fan. They have many flaws. They don't run their business particularly well. They have an uncertain future. But let's not go overboard and start screaming sensational slogans when there are actual numbers.
Did you do the effort to check the real numbers? I doubt it.
Restructuring costs aren't that expensive: they expect $57M for this quarter.
The fact that the loan company agreed to lower the amount of domestic cash is positive, not negative. Not only does it allow for greater flexibility, as said in the press release, it also means that the loan company agreed to it. They didn't have to do that. This is similar to your credit card company increasing your credit limit: they see you as less of a credit risk.
Did you do the effort to check the real numbers? I doubt it.
They expect 13% lower revenue.
Restructuring costs aren't that expensive: they expect $57M for this quarter.
At the end of Q3, they had $298M in marketable securities and $640M in cash. They are nowhere close to running out of cash.
The fact that the loan company agreed to lower the amount of domestic cash is positive, not negative. Not only does it allow for greater flexibility, as said in the press release, it also means that the loan company agreed to it. They didn't have to do that. This is similar to your credit card company increasing your credit limit: they see you as less of a credit risk.
For a company that is downsizing, the sale-and-lease-back operation makes financial sense. Their real estate needs are reduced, they're not in the business of being a landlord, so it's better to free up the capital that's locked into these illiquid assets, occupy as much room as needed, and have the new owner rent out the space they don't need anymore. It's not something a fast grown company would do, but it's not a sign of the apocalypse either.
A1xLLcqAgt0qc2RyMz0y
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Yes I did and the signs are clear that AMD will report much worse numbers than what they estimated earlier.
The 2014Q4 results will be available for all to see on January 20, 2015.
Tell us what those signs are then.
D
Deleted member 2197
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Three senior executives stepping down at AMD.
http://www.guru3d.com/news-story/tthree-senior-executives-stepping-down-at-amd.html
The CMO 'stepping down' shouldn't surprise anyone. The past year wasn't their finest...
Yeah, but their finest year wasn't all that great either, unless you count the K8 days and earlier. Then again, marketing superior products isn't too hard.
They allow AMD to spend their money more freely in any way they please.
The only way you can interpret that in a bad way is by assuming that AMD put the knife at their throat and told them: "do that or we will go bankrupt for sure."
That is possible, but it's not as likely as other scenarios.
They're not lowering their cash, they're lowering the minimum amount of cash that they are required to have at any point in time. This basically means that the lender is less worried about AMD's ability to pay them back than they were before, or at least they're acknowledging that they're less worried than they pretended to be in the past.
But AMD's debt is much higher than $500M. I think it's closer to $2.1B at the moment. Companies of this size need to have a significant amount of cash available at all times, so even if AMD's debt were around $500M, it couldn't be paid back at once.
A1xLLcqAgt0qc2RyMz0y
Veteran
AMD reports today.
Advanced Micro Devices Inc Earnings Call (Q4 2014)
http://biz.yahoo.com/cc/9/146819.html
The stock has taken a hit over the past few days dropping over 5% each of the last two trading days and is also down over 7% today to $2.22.
http://finance.yahoo.com/q?s=AMD&ql=0
As I stated on Dec 20, 2014 "the signs are clear that AMD will report much worse numbers than what they estimated" so it seems that news is now known and that AMD will miss their numbers.
Advanced Micro Devices Inc Earnings Call (Q4 2014)
http://biz.yahoo.com/cc/9/146819.html
The stock has taken a hit over the past few days dropping over 5% each of the last two trading days and is also down over 7% today to $2.22.
http://finance.yahoo.com/q?s=AMD&ql=0
As I stated on Dec 20, 2014 "the signs are clear that AMD will report much worse numbers than what they estimated" so it seems that news is now known and that AMD will miss their numbers.
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