I'm not sure it is fair to compare the two events. While both warned on flash revenue, in Q3 net income rose from Q2, while this time, operating (and surely net) income will be down.
And of course, if you have bad results, I don't think it really matters *when* you announce them. In the end, it's the results themselves that matter.
Unless CPG results are also disappointing (hard to say for sure, although it appears ASPs were not up as much as I would've hoped, but let's say they are deemed "ok", overall), I see no reason to be overly conservative on CPG guidance. They've done pretty well there, so far. Intel is guiding revenues 5% down Q/Q, and that seems reasonable. It's flash that will be interesting. Will they divest it? What will he say if they don't intend to do that? How can provide credible flash guidance if they intend to press on with it?
It is interesting to look back at those couple Macronix mentions in December, in light of the flash disaster.
Any new thoughts? AMD must have known flash was in trouble at the point these articles were written, so what are they really up to?
----------------------------
knobias.com.
Tuesday , December 14, 2004 19:22 ET
TAIPEI, Dec 14, 2004 (AFX-Asia via COMTEX) --Spansion LLC, a joint venture between US-based Advanced Micro Devices Inc (AMD) and Japan's Fujitsu Ltd, is likely to take on MACRONIX International Co Ltd (2337.TW) as a partner to make mirror flash memory chips, the Economic Daily News reported, without naming a source.
At an official announcement expected next week, Spansion will likely introduce MACRONIX to its clients as a contract-manufacturer of mirror flash memory chips, it said.
----------------------------
Can't find the other one... think it talked about the same deal being announced "next month" instead of "next week". |
