Ted. Re..<<<<Having said that, there were some things wrong with AMD's earning report. ASPs were down....we have talked about that forever. However the thing that hasn't had much discussion is the jump in receivables and inventory. Now what is that all about?<<<
Ted, it was pointed out on the mod thread that AMD had most of their sales in Sept. and consequently, if you have a invoice with 30 days to pay, they would not be due yet. As far as receivables, I think only the Durons, because of infrastructure had high inventory levels.
In addition, AMD has got to show 2001 EPS estimates higher than 2000's; investors want YOY growth in both EPS and revenues.
I think we will see AMD go up in the next few weeks but slowly until these issues get cleared up.<<
Right now AMD shows better growth rates than Intel does for the last five yrs in almost every column.(SI financials) AMD right now is showing higher market shares in both flash and CPU's. A market share increase of 50% (8-12%) in Europe in 2 months during normal supply conditions is extraordinary. Several wks ago A**hole Kumar said that with Intels overhang in inventory, AMD would be roadkill, but what happened. Amd simply outhustled and outmanuvered Intel by dropping prices back in July already; picked up huge gains in market share in Europe and Asia, made their no.s in both rev. and units sold, but missed on EPS. How many Company's do you know which have posted losses for yrs on end, but as long as they were gaining market share and units sold, and WS kept on bidding the stock up. Does AMZN and most other Internet stocks ring a bell. The other night I said Niles was in a pissy mood when he asked his inane question, and his downgrade was the result. He knew before the CC that he would have questions about flash and pricing or whatever. Niles also was one of the few not to say "nice quarter". KLAC one of my other investments only went up 1/4 after a good report yesterday. Some of these analysts have an ulterior motive. |
