Worst management failure or best management failure?
LOL, not quite what I was going for but that works too.
The AMD Execution Thread [2007 - 2017]
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LOL, not quite what I was going for but that works too.
And in related news ....
http://www.digitimes.com/systems/a20071213PR206.html
"Just as AMD hadn't held a dominant position every quarter in the past, JPR expects cyclical conditions in the market to yield widely varying shares moving forward. But overall, Nvidia appears to have taken the mobile crown to complete a clean sweep of the professional graphics markets,"
More and more the Geforce FX seems like nVidia's Pearl Harbour type moment in history.
http://www.digitimes.com/systems/a20071213PR206.html
"Just as AMD hadn't held a dominant position every quarter in the past, JPR expects cyclical conditions in the market to yield widely varying shares moving forward. But overall, Nvidia appears to have taken the mobile crown to complete a clean sweep of the professional graphics markets,"
More and more the Geforce FX seems like nVidia's Pearl Harbour type moment in history.
You're only a vulture if you plan to make money off their misfortune. If not, it's more like corporate rubbernecking.
It seems like the point is to make this the *last* quarter of such tho, rather than the chinese water torture they've had going on it.
If AMD takes a massive write-down, they'll need something to counterbalance the bad PR.
Since they've given zilch lately in the way of good news, I hope AMD is forthcoming with more concrete plans or details for future products.
Since they've given zilch lately in the way of good news, I hope AMD is forthcoming with more concrete plans or details for future products.
The only product on the horizon that has any chance of being competitive (at the high-end anyway) is R700. We know Shanghai and Montreal won't achieve parity with their Intel counterparts.
I honestly don't care all that much about Shanghai, unless there happens to be some interesting modification to the architecture.
I'm hoping that AMD's execs will be pressured into revealing more information about the products beyond Shanghai, design hints, initiaitves, and AMD's plans for its process and asset-lite manufacturing.
AMD's has a slim list of positives in the present, so I'm hoping they'll get some tidbits out of their Bag Of The Future™.
I'm hoping that AMD's execs will be pressured into revealing more information about the products beyond Shanghai, design hints, initiaitves, and AMD's plans for its process and asset-lite manufacturing.
AMD's has a slim list of positives in the present, so I'm hoping they'll get some tidbits out of their Bag Of The Future™.
Not necessarily. Sometimes you go for "taking out the trash" --ie. get all the bad news out at once and take the hit for it all at once. I'm leaning towards this explanation. For most of this year they've been claiming they'd get back to break even by the end of 4Q. My guess is they aren't going to make it, and decided that since they were going to take a bashing for that anyway they might as well get the ATI write-off out of the way now so that future earnings could look better.
I saw one source that claimed the total ATI write-off for "goodwill" will hit $3.2B (including amounts taken in previous quarters). I don't really see how that could be possible, unless they are also counting integration charges in that and not just "goodwill". The premium AMD paid for ATI (i.e. above ATI's stock price) was around $1B, I seem to recall.
The story seems to make the triple cores out to be more than they are (or should be).
If tri-core chips are what AMD is pushing to hit break even or profitability when dual or quads are insufficient, then there are way too many triple cores coming off of the quad core wafers for my taste.
Some of the slides in another thread are also pushing R700 out to '09, which is a downer for the GPU side.
If tri-core chips are what AMD is pushing to hit break even or profitability when dual or quads are insufficient, then there are way too many triple cores coming off of the quad core wafers for my taste.
Some of the slides in another thread are also pushing R700 out to '09, which is a downer for the GPU side.
Worked compared to what? As you can see from the post just above yours, it does indeed seem to be the fact that AMD has now abandoned what they've insisted on since the 2Q conference call. . . that they'd be profitable "exiting" 4Q, and pushed that milestone back at least 2 quarters (i.e. "exiting" 2Q at the earliest, and full 3Q profitability).
AMD's new Fusion is codenamed Swift
****Delayed to 2H 2009****
AMD has changed many plans and it is now saying to its investors that the new APU, Accelerated processing unit that unified the graphics chipset and a CPU in a single chip won't be out until 2H 2009.
Back in 2006 AMD claimed that it can have Fusion out in late 2008, then in pushed it back to early 2008 and all of a sudden we are talking about second half of 2009.
It won’t be a new chip to begin with, AMD will take one of the existing Stars cores developed in 45nm and a GPU core based on existing high end discrete. AMD claims that this will be the second 45 nanometre product and it will be developed by the current Silicon on insulator rules.
Griffin based Northbridge will also be the part of this chip. The graphics core inside will support DirectX and UVD but AMD haven’t disclosed what generation is the graphics inside, R6xx or R7xx.
The chip has its own memory controller, cache and a PCIe interface. It doesn’t sounds that impressive as Fusion, but I guess that this is the best that they hope that AMD can do.
All the information comes from the presentation that Mario Rivas, Executive VP or AMD said to the investors, yesterday in New York.
http://www.fudzilla.com/index.php?option=com_content&task=view&id=4715&Itemid=34
R700 cards are not planned (according to AMD) roadmaps) until 2009.
http://www.tcmagazine.com/comments.php?id=17260&catid=2
A summary is here:
http://www.theinquirer.net/gb/inquirer/news/2007/12/14/amd-outs-lot-info-analyst-day
****Delayed to 2H 2009****
AMD has changed many plans and it is now saying to its investors that the new APU, Accelerated processing unit that unified the graphics chipset and a CPU in a single chip won't be out until 2H 2009.
Back in 2006 AMD claimed that it can have Fusion out in late 2008, then in pushed it back to early 2008 and all of a sudden we are talking about second half of 2009.
It won’t be a new chip to begin with, AMD will take one of the existing Stars cores developed in 45nm and a GPU core based on existing high end discrete. AMD claims that this will be the second 45 nanometre product and it will be developed by the current Silicon on insulator rules.
Griffin based Northbridge will also be the part of this chip. The graphics core inside will support DirectX and UVD but AMD haven’t disclosed what generation is the graphics inside, R6xx or R7xx.
The chip has its own memory controller, cache and a PCIe interface. It doesn’t sounds that impressive as Fusion, but I guess that this is the best that they hope that AMD can do.
All the information comes from the presentation that Mario Rivas, Executive VP or AMD said to the investors, yesterday in New York.
http://www.fudzilla.com/index.php?option=com_content&task=view&id=4715&Itemid=34
R700 cards are not planned (according to AMD) roadmaps) until 2009.
http://www.tcmagazine.com/comments.php?id=17260&catid=2
A summary is here:
http://www.theinquirer.net/gb/inquirer/news/2007/12/14/amd-outs-lot-info-analyst-day
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Bouncing Zabaglione Bros.
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Yes, I've seen companies do it before. I've even seen them take the hit on profitable quarters. The company takes a profitable quarter, takes a big hit that takes it down to a break even or small loss quarter, and then their write-down is over and done with. Means if their next quarter was going to be bad, avoiding the write-down stops it looking abysmal, and if their next quarter is good, it stops the write-down continually taking bites out of it to make it look decidedly average quarter after quarter.
If the write-off is related to loans/interest/repayments, it actually is cheaper to clear them sooner rather than later, as well as looking better to the investors.
All right. Cite the example. I just can´t find it.
Bouncing Zabaglione Bros.
Legend
Just Google. If you want a specific example, off the top of my head Vodaphone did it a few years ago when writing off the disastrous Mannesmann acquisition, turning what would have been a massive profit into a break even. (or if I'm misremembering the figures, they turned a big loss into a massive loss).
Lots of companies have elected to take a hit in one go at times when it's most advantageous for them to do so. This is especially the case when they want to get over something so that they can then work on showing improving or profitable quarters in a row, rather than showing "profit, loss, profit, profit, loss" for a year. It's also the case that if they are doing it to pay off loans early, they can save themselves interest payments.
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Bouncing Zabaglione Bros.
Legend
It's simply a question of getting over all the bad news in one go, and then moving forwards, rather than dragging the bad news out over many quarters. It's about improving market perception for the long term, rather than worrying about what people are going to think this quarter only.
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