Charles,
I have a very strong bias in favor of AMD and was one of the ones who was caught totally off guard by this latest announcement, I was not blind enough to think everything was rosy but I didn't think that they were this bad, in retrospect I should have maybe been more prepared for it but we all know that retrospect isn't worth jacked squat don't we? :)
Anyway the point is that I am biased and my mind is cloudy, (who was it that called the thread shellshocked once?, hehe that's me right now.) so I want to make sure that I am reading your posts right and am not inserting my own crap in between the lines.
1) You think that AMD is totally doing the right thing by aggressively going for market share and think that it is only their poor management/marketing that is lacking in the current situation (meaning their priorities aren't wrong right now but it is their execution that is to blame for the low asp's and inability to get a business win or sell Durons more effectively)?
2) Even in a worst, worst, worst case situation you think that AMD still isn't some dead duck that's going to get sunk and never recover. Meaning that if in some cataclysm it came down to doing so then they could be a profitable company even if they got out of processors entirely. Maybe this is melodramatic but it has always been part of my premise for investing in AMD. Even if they completely lost the processor wars they wouldn't walk away empty handed. They could be a fully viable company just with flash. I remember you saying that quite explicitly once and just wanted to make sure that you thought that it was still true
Ok there's only two, basically I am reading your posts about how much this situation and the way they handled it sucks and am still not getting the total doomsday feel that some other's are purveying today and I want to be sure that's not just clueless hallucinatory hope on my part. I would also be very interested to hear what you think is a fair valuation for AMD, that is right now, in this market environment, given the falling asp's, the price war, and the recent bad news, what do you think is a reasonable valuation?
Thanks,
Epinephrine |
