Robert Myers wrote:
AMD bought it on this one. Perhaps AMD should have had
you go out and address investors. You'd have been a big hit.
Your comment that "both AMD & Intel fixes reduce the perofrmance [sic]
a bit" is like Yousuf coming out with the item about Intel's bug right
after the AMD bug, as if they canceled one another out. Go look at
the financial press,
Whatever. Finacial press is a poor source of techical info.
You think the articles (and press releases) you get on the internet
are a *good* source of information?
Your contempt for markets is revealing. A stock price is the
cumulative opinion of many people who follow the stock and who wager
actual money (not usenet bandwidth) on their opinions. The United
States (in particular) has companies like Intel (and, yes, even AMD)
because it so efficiently predicts and rewards success and predicts
and punishes failure through market mechanisms.
Chattering away like this is an interesting pastime, but it doesn't
affect anything of importance. Even much less so now than it used
to. You may not think much of the dimwits who majored in management,
but they can buy and sell as many techies as they need to find out
what's going on.
Whatever. Such recalls do happen. It's a seruoius blow to AMD (as it delays
their more competitive products and causes the to loose Christmast season),
but such things are none the less reality and they do happen to everyone
from time to time. AMD has still enough money to wether that one (with their
current burning rate then can go for about 2 more years). And some of that
buring is one time (ATI acquisition costs are big, but one time expense)
The question here is whether AMD will even survive. For one thing,
the stock is selling below book. That makes AMD a takeover target.
Would an AMD that was bought in a leveraged buyout continue the
ruinous war with Intel it's undertaken? I certainly hope not. Only
time will tell.
I did read it. That's the very reason i put the above BTW.
So your "BTW" was a me-too pile-on. Very impressive.
In the sense that I wasn't going to repeat what I'd already said on
the subject. You are a piece of work.
The sum of the opinion here is that it wishes to minimize the
seriousness of what has happened with AMD. If anyone here really
believes that, there is a serious opportunity to make a lot of money,
because, as I said, AMD is currently selling below it's book value.
There may be other things fueling the fire-sale prices. For example,
who wants to send out a quarterly report showing that they'd made a
bet on AMD? Things might not be *quite* as bad for AMD as the stock
price would indicate. You can find that sort of thing out in the
financial press, too.
Robert.
