Official AMD Q1 Earnings Thread -

[iterations]

well i wont be killing myself over 2.5% not to bad considering

Just FYI, they dropped 9% in extended trading before it was halted:

"AMD shares dropped 9 percent in extended trading following release of the results, after rising 2.7 percent in regular trading on the New York Stock Exchange."

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20070419:MTFH30731_2007-04-19_20-54-18_N19455265&type=comktNews&rpc=44

 

[RetiredChief]

When trading resumed they fell to approx 13.50 currently trading in the 13.80 -> 13.90 range

 

[sirkillalot]

yep i saw it droped to 12.99 then i tryed to buy more but it took off back up before i got i chance, now 14.05 o well. not to bad .

 

[RetiredChief]

AfterHours low sofar = $12.99. Not looking good for AM open. I would look for a 10 to 20 % drop from todays close.

 

[Wombat2]

Baron is surprisingly quite? :?

 

[sirkillalot]

get real 1% maybe not 10-20% iffffffff
It may even start up go AMD yea...
now *** 14.64 ***

 

[Wombat2]

From conference: Barc samples have already shipped in Q1.

 

[SuperFly03]

From conference: Barc samples have already shipped in Q1.

Yeah pre production. I'm waiting for the end of Q&A for a run down write up.

 

[Wombat2]

Man, company management talks a lot of shit during conference calls :lol:

And this is not a AMD specific problem :lol: :lol:

 

[BaldEagle]

From conference: Barc samples have already shipped in Q1.

Yeah pre production. I'm waiting for the end of Q&A for a run down write up.

From conference:

Henri thinks prices are stable (yea right)

Bob thinks GM is low but R600, Barcelona, and 65nm will increase margins.

ASP not expected to increase till Barcelona

2'nd half..., 2'nd half..., 2'nd half..., 2'nd half...

 

[Twisted_Sister]

Anybody calculate the cash burn rate and cash on hand???

They've got to be < $900... they will not survive the quarter without more cash.

Now it's time to do the BK math...

 

[Wombat2]

ASP not expected to increase till Barcelona

For a while ... until Intel starts unleashing 45 nm chips 8O

65 nm vs 45 nm pricing.

 

[carlhungis]

"AMD (NYSE:AMD) said Thursday it lost $611 million..." Damn. Didn't they lose 500+ million last quarter? Amazing that the stock still managed to go up over 30 cents. Amazing that people can spin those kind of numbers into a positive.

 

[SuperFly03]

Anybody calculate the cash burn rate and cash on hand???

They've got to be < $900... they will not survive the quarter without more cash.

Now it's time to do the BK math...

They have 1.2B in cash and are comfrtable with 600M in cash, with the grants they are receiving and the release of R600 they don't anticipate an immediate need to raise cash. I will have a break down so some financial allusions I heard which addresses this point. I have a running write up on my other monitor.

 

[bixplus]

ASP not expected to increase till Barcelona

For a while ... until Intel starts unleashing 45 nm chips 8O

65 nm vs 45 nm pricing.

Did I just hear right that they will be producing 45nm in 1H08? How on earth is that possible when they just earlier said that they would slow transition of fab30 (think that's right fab) to 300mm? How on earth can they do all this in parallel? Not to mention the fact that their 65nm is a bit quesitonable as it is. ???

 

[fidgewinkle]

Anybody calculate the cash burn rate and cash on hand???

They've got to be < $900... they will not survive the quarter without more cash.

Now it's time to do the BK math...

Many of their expenses might be depreciation or write-downs that aren't related to liquid holdings. They won't take a loss of $611Million to their cash holdings. It would be interesting to know what their cash holdings are though.

 

[fidgewinkle]

According to 247wallst.com, AMD is down to $1.167Billion in cash. Down from $1.541Billion.

 

[Twisted_Sister]

Anybody calculate the cash burn rate and cash on hand???

They've got to be < $900... they will not survive the quarter without more cash.

Now it's time to do the BK math...

Many of their expenses might be depreciation or write-downs that aren't related to liquid holdings. They won't take a loss of $611Million to their cash holdings. It would be interesting to know what their cash holdings are though.


FYI - Expenses are not the only use of cash... AMD has massive capex committments (balance sheet transaction).

Again, I'd be surprised if they had more than $900M in cash on hand.

 

[Twisted_Sister]

According to 247wallst.com, AMD is down to $1.167Billion in cash. Down from $1.541Billion.

thanks, I'll have to check it out myself... see if short term liabilities crept up (e.g. delayed payments).

 

[fidgewinkle]

Reuters reports that AMD is looking at selling assets to increase their cash holdings.

 

[Wombat2]

Anybody They've got to be < $900... they will not survive the quarter without more cash.

http://www.reuters.com/article/bondsNews/idUSN1934752120070419

 

[BaldEagle]

ASP not expected to increase till Barcelona

For a while ... until Intel starts unleashing 45 nm chips 8O

65 nm vs 45 nm pricing.

That will drive the ASP down further.

More From conference:

ASP was a small part of the revenue loss the unit drop was catastrophic.

45nm in dresden Q1 08'

Private equity - Hector said - open to whoever wants to bail his a** out

Restructure target model - still business as usual

slow transion from fab 30 to fab 38 reduce additional 300mm tools.

Barcelona - Prod samples to customers this quarter. Showcase Barcelona later this summer (WTF is Tunisia???).

R600 Late May- Enthusiasts gobble up the discrete cards the back to school PC's use integrated graphics.

 

[SuperFly03]

HOLY HELL he just took a pot shot at Intel.

In effect said: Hey, we had 4 amazing years out performing our competitor, took them f***in long enough to beat us. LOL

 

[Twisted_Sister]

Reuters reports that AMD is looking at selling assets to increase their cash holdings.

Yeah, small change stuff... the debt convenant strickly forbids them from selling off any large assets...

 

[BaldEagle]

Reuters reports that AMD is looking at selling assets to increase their cash holdings.

Yeah, small change stuff... the debt convenant strickly forbids them from selling off any large assets...

$30M max as I recall before they have to fork it over to the bank.