Dan Niles
Dan Niles
huge price quarter
There has been a huge run-up in price this quarter - unbelievable results.
against increased intel market past percent price seen share war
Over the past two years, AMD has increased its market share against Intel from 13 percent to 21 percent. For those who thought the price war was aggressive, you haven't seen anything yet.
declines growth offset price seeing strong unit
The unit growth is not so strong as to offset the price declines they're seeing in their chips.
price seen war
For those who thought the price war was aggressive, you haven't seen anything yet.
bombed higher hurting intel kept low performance prices pricing products
In the past, Intel has had much higher performance products than AMD had, so they bombed prices on the low end, and kept pricing higher on the high end. This time, AMD's got as speedy processors as Intel does at the high end. There's nothing Intel can do. They can't bomb prices without hurting themselves.
beat good numbers quarter three
It was about as good a quarter as you're going to get. They cleanly beat the numbers by about three cents.
demand inventory large levels likely looks situation sluggish supply worse
The supply situation will likely get worse in the first half, while demand looks sluggish at best, with large inventory levels in the supply chain.
affect chip closely company generally good guys last overall positive
It doesn't get a lot better than that, especially for a company that just hasn't been doing very well for the last year. It's going to be good for them tomorrow, and that should have a positive affect on a lot of the other chip makers, especially guys that are closely related. It will have generally a positive affect on the overall market.
happening problem stop time
The problem is how long will it take for the fundamentals to stop getting worse, and we don't see that happening any time soon.
against current hard increase vote
If the shareholders vote against this deal, it is hard to see how she will remain. In our opinion, the only beneficiaries to the current increase in uncertainty are Dell and IBM.
excited growth hard line miss negative revenue stock top
When you miss your top line by $1 billion, the stock should go down. With negative year-over-year revenue growth it is really hard to get excited about the stock.
gives happen magnitude market miss move next pc pricing year
There could be a bloodbath in pricing in the first part of next year if they don't move inventories over the holidays. The magnitude of the miss gives you an idea of what's going to happen with the PC market next year.
half looks year
The back half of the year looks like it will be better than expected.
brings capacity deliver easy gain intel share
It's easy for No. 2 to gain share when No. 1 can't deliver enough products. It will get more interesting in 2006 as Intel brings new capacity on line.