Re: < Sure, Darbes. AMD has large inventories of unsold processors >
AMD has large inventories, and Intel doesn't? Can you collaborate
your assertion with any factual data? Here is some data to help you out -
AMD INTEL
|--------------------------------||-------|-------|-------|-------|-------|
|Q3'99|Q4,99| Q1'00|Q2'00 |Q3'00 ||Q3'99 |Q4'99 |Q1'00 |Q2'00 |Q3'00 |
----------|-----|-----|------|------|------||-------|-------|-------|-------|-------|
Net Sales |$662 | $969|$1,092|$1,170|$1,207||$7,328 |$8,212 |$8,021 |$8,300 |$8,731 |
----------|-----|-----|------|------|------||-------|-------|-------|-------|-------|
Inventory | | | | | || | | | | |
Total | |$198 |$205 |$256 |$291 ||$991 |$1,478 |$1,562 |$1,607 |$1,936 |
----------|-----|-----|------|------|------||-------|-------|-------|-------|-------|
Inventory | | | | | || | | | | |
Finished | | | | | || | | | | |
Goods | | | | | ||$583 |$540 |$532 |$512 |$676 |
----------|-----|-----|------|------|------||-------|-------|-------|-------|-------|
Inventory | | | | | || | | | | |
Work in | | | | | || | | | | |
Process | | | | | ||$204 |$755 |$802 |$863 |$926 |
----------|-----|-----|------|------|------||-------|-------|-------|-------|-------|
Inventory | | | | | || | | | | |
Raw | | | | | || | | | | |
materials | | | | | ||$204 |$183 |$228 |$232 |$334 |
----------|-----|-----|------|------|------||-------|-------|-------|-------|-------|
It seems both companies have same Inventory Total to Net sales ratio.
While you are at it, look at Intel's accounts payable - it's at about
80% of net sales. Does it tell you any thing?
AMD INTEL
|--------------------------------||-------|-------|-------|-------|-------|
|Q3'99|Q4,99| Q1'00|Q2'00 |Q3'00 ||Q3'99 |Q4'99 |Q1'00 |Q2'00 |Q3'00 |
----------|-----|-----|------|------|------||-------|-------|-------|-------|-------|
Net Sales |$662 | $969|$1,092|$1,170|$1,207||$7,328 |$8,212 |$8,021 |$8,300 |$8,731 |
----------|-----|-----|------|------|------||-------|-------|-------|-------|-------|
Accounts | | | | | || | | | | |
Receivable| |$430 |$408 |$533 |$688 ||$3,494 |$3,700 |$3,706 |$4,333 |$4,574 |
----------|-----|-----|------|------|------||-------|-------|-------|-------|-------|
Accounts | | | | | || | | | | |
payable | |$387 |$317 |$353 |$387 ||$4,459 |$4,565 |$4,638 |$5,602 |$6,087 |
----------|-----|-----|------|------|------||-------|-------|-------|-------|-------|
Capital | | | | | || | | | | |
Additions |$146 | $126|$129 |$161 |$249 ||$982 |$980 |$1,074 |$1,252 |$1,925 |
|--------------------------------||-------|-------|-------|-------|-------|
This link (Intel Capital shadow portfolio) may provide you further
insight into how bad it's going to be for Intel this, and the next
few quarters -
siliconinvestor.com
goutama
