Introduction: MarketWatch is written now civil say, the expression that AMD rolls out a respect in the product is to be improved somewhat really, dog stairs best buy the problem depends on, this company should build the confidence of investor afresh, it is OK that such feat must repeat ability again and again. It is article full text below:
To the case before, the investor of AMD can not feel unfamiliar. plant lights
This company is not first time issues deficit report continuously so any more, not be first time any more because of high production cost be heavily in debt, not be first time looks at share price to glide all the way helplessly any more one digit.
For instance, in new century at the beginning of, they are in such predicament namely in. However later, the company draws out a bunny from inside the cap like charmer same, drew out magically wide welcome Athlon and Opteron chip, the share that these products let a company go up in personal computer market was obtained dramatic record-breaking growth. Between the 3rd quarter 2006, the market share of AMD(AMD) reached the peak value of 25.3% , and meanwhile, their deadly enemy Intel (INTC) criterion fleeting time is adverse, market share is in a certain number of his production to be perplexed with technical issue in greatly shrink.
Just, go two years in the center, the market turns over a situation again, intel gallops all the way, AMD hang back walks on hardship. Two weeks before, all ages second under this Intel slid to be in the most possibly eventually 12 months declare tomorrow in the list of company of 20 United States that go bankrupt.
This one list studies collection of company Audit Integrity by los angeles, ci Wenli of this company presiding apparitor (Jack Zwingli) explains at this point, "AMD is presenting an a variety of sign that cannot bear financial pressure ceaselessly. In fact, to all these, the student that tracks this won't surprised. The student that tracks this won't surprised..
Ci Wenli points out, the debt level of AMD is as high as nearly 3.9 billion dollar, this makes a person cannot not feel anxious, meanwhile, this company still is sufferring loss continuously, see the sign that is less than what improvement. "Can they still take out sufficient financing to support the development of company future? "Can they still take out sufficient financing to support the development of company future??
Not long ago, to increase cash reserve, AMD comes out fractionation of his manufacturing industry branch, established a new company that is called GlobalFoundries, and because this was cut down,still comparative the debt of degree. AMD still is the small shareholder of new company at present, latter is buying concessionary semiconductor company in seek.
AMD spokesman Pulaierli (Drew Prairie) expresses, "Equivalent of the cash that we believe we are current, cash, negotiable securities and anticipating operation cash reserve in a bank flows still is very sufficient, enough still of the operation that answers us to did not come and capital investment. Enough still of the operation that answers us to did not come and capital investment..
Nevertheless, what must point out is, since 2006 since the 3rd quarter, AMD never still has a quarter to realize gain. This is successive the net loss of 11 quarters, the occurrence of this kind of situation should ascribe to recombine expenditure, one-time buy and cost, and the integrated cost that purchase dog crates large s place of ATI Technologies of company of n/arc drafting chip to cause and derogation expenditure. When Octobe dog stairs and ramps r 2006, the share price of AMD once had the level of 20.12 dollars, and recently dog stairs for bed two weeks, can come in 5.6 dollars only however fluctuate between 6.1 dollars.
Cannot see an endbrass faucet
The data that Shang Sen road provides fully shows, anticipating generally of the market is, the deficit of AMD still will continue continuously all the time, 2009 the rest of two quarters so, mixed 2010 2011 also so.
Those who change character, if this company predicts to will appear continuously deficit, they are afraid will must seek some kind of debt to recombine, and this implies additional responsibility. When be asked whether the company has debt to recombine a plan, pulaierli rejects to publish any comments.
Between August, beautiful banner analyst raise (Glen Yeung) once was increased the stock grade of AMD to average, he although also admit his this one practice,risking particular risk at that time, but emphasize more, look from the angle of risk redound, be increased AMD grade still has stated reason.
Clearly, investor hopes to know mo dvd discovery 4 st at present, it is AMD undoubtedly whether can be another bunny still drawn out among the cap from oneself.
This still say or state with certainty hard at present. This company's newest chip Radeon HD5870 just just dvd discovery 3 is rolled out last week just, look, had let ATI be in it seems that with Nvidia Corp. (In contending for, the cartography of NVDA) recaptured lead position of chip afresh. north face shirts
Ever had for a time, AMD buys ATI the most popular selling dvd discovery trade got the intense doubt of wall street. Him AMD ever also developed the derogation expenditure that sold more than 2 billion dollar, be equal to admit oneself paid too high price. However now, it is by ATI general imperial crown reassign gave AMD however -- be in at least domain of n/arc drafting chip is such.
The business slips
2007 when the Barcelona chip that is aimed at the server market with rich and generous profit second half of the year is deferred when rolling out, AMD is accordingly on market of company personal computer loss the kinetic energy that comparative. In last few years market just lies the most difficult period. The officials of AMD come out to apologize repeatedly, it is certain 2008 to assure a company solemnly can make up the deficits and get surpluses, however this assures to be able to not cash however.
Now, a few investor had begun to notice the ongoing momentum that Intel cannot have stopped it seems that. AMD is manufacturer of a chip likewise, and look to spend a lot of time was in above the surveillance to Intel, they are met very easily also naturally nervous -- Intel once was levied by the European Union between May fine, accusation is block up competition.
And other like making much circumstance fall, on the problem of AMD, value and look empty person also be to part clear. Even if raise points out, "The competitive position of AMD is relatively adverse, and the net amount of debt of this company is spent already enough delimits it the cavalcade of low character, " but meanwhile, he has to admit again, look from the angle that goes against situation analysis, the share price photograph of AMD is having the discount of 45% to integral semiconductor industry.
Look empty person advocate, indeed economy has begun to tend gradually stable, but a few inv dog crates large breed estor are behaved to what will obtain after AMD or some are too hopeful.
The Gu Lin of Wall Street Strategies (Carlos Guillen) considers to be written among the report in the near future, "Although we see AMD is carry the most popular selling dog crates large ing respect of battalion profit margin appeared to make progress certainly really, but we still think, AMD is in 2009, gained profit in the implementation on operation cover hard 2010 even. Gained profit in the implementation on operation cover hard 2010 even..
Indeed, the expression that AMD rolls out a respect in the product is to be improved somewhat really, the king of Wedbush Morgan (Patrick Wang) points out, their Istanbul6 nucleus product was on June 1 of face city, earlier than anticipating 5 months.
The problem depends on, this company should build the confidence of investor afresh, it is OK that such feat must repeat ability again and again.
(Article author: Therese Poletti)
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