"Couple quarters of bleeding red ink for everybody in NOR, unavoidably. The worst of it is still to come. But well, these are the imminent playing rules of memory markets. If you can't stand it, you better look for another game. Apologies for putting it as brutal as it is."
Flash will be flash with its characteristic feast to famine to feast cycles! No matter from my vantage point as "the worst case flash scenario" and more is already packed into AMD at $16.
The multitude of converging positives on the CPG side suggests to me that AMD is poised for humongous enterprise gains in 2005 with its superior server/workstation offerings about which much more will be demonstrated on Feb 1 and Feb 15! Not too certain when the earnings explosion will transpire, but the signals I'm reading suggest increasingly that large uside earnings are inevitable in the not too distant.
In anticipation of a close above $16 today, I purchased a tidy little number of Apr. 18 calls today as, technically, my read is thatthe overhead gap is about to be quickly closed with a test of $19 to $20 by the end of February, if not much sooner.
I just can't shake the feeling that this Solaris 10 is going to blow away the competition and when reinforced by the HP new offerings on Feb 15, some panic buyng might just take place resulting in recapture of all lost ground!
What I'm saying is that if SUNW and HP offer a "revolutionary solution" compared to the existing competition, not only can I forsee overhead gap closure, but also a rapid test of the recent $25 high!
Just too many solid citizens beginning to cloistr around AMD to dismiss because of a $50M negative swing in flash in Q4.
AMD, we are about to find outwith February new product launches is way undervalued at $15 and even $25 for that matter!
Once AMD begins to run again, now that the flash hit is seen for what it is (i.e. a huge over reaction), no telling how far it goes! |
