Seeking Alpha
View as an RSS Feed

Alex Cho  

View Alex Cho's Comments BY TICKER:
Latest  |  Highest rated
  • Since Everyone Expects The U.S. Dollar To Keep Rising, Look For The Exact Opposite [View article]
    Actually the dollar was rallying, because people felt that it was a safe haven amongst a basket of economies that were collectively collapsing. So no your argument is not based on economics. Furthermore, this time around the global outlook for emerging and developed markets differ based on regional characteristics, which you intentionally omit in your analysis. Basically, this didn't happen before, for different circumstances, therefore it won't happen in the future, doesn't make sense when using an "if" and "then" argument, so... no, I disagree with you. Also, most contrarians get it wrong, so if you're that guy who can time tops and bottoms, props to you.
    Mar 17, 2015. 03:03 PM | 5 Likes Like |Link to Comment
  • 10 Reasons Why AMD Will Be $10 By 2017 [View article]
    You know, Tech makes some pretty solid points in his comment. Although there were some hazy areas, the biggest concern I had was with your financial model. How did you arrive at the growth rate for top-line, and also, the cost cutting measures you imply, through fattening gross margins, how will that happen when there current OpEx isn't driving enough scale into development to keep pace with competitors. Moving onto the other point, about ARM, and also Mobile. That's an area where AMD will have high levels of difficulty ever penetrating into because the feature set of the IP block will be vastly inferior to Qualcomm, an furthermore, Qualcomm owns huge bundles of IP that it licenses as a discount to OEMs to retain business, which is why Intel gave out contra-revenue to offset the marginal loss of performance from having inferior IP in certain blocks like the modem and radio frequency transceiver. Let's also rewind, and talk about server CPUs, they're perfectly price competitive, because it operates like a perfectly rational market place, and while you talk much about the downside and upside debate, you also omit the fact that Intel will likely advance both architecture, and move to a 10nm node by the 2017 time frame giving AMD little hope. Also, in a low power situation the architecture debate becomes more meaningful because Intel doesn't have as much experience at developing IC at lower power envelopes, but when you move to 100W+ power envelopes, Intel's architecture triumphs because it has various technologies to utilize the added density, which produces heat, which can be managed via heat sinks, and various other water cooling technologies. This is where the performance node, and architecture advantage pivots right back into Intel, as the math is a little more straight forward. Therefore, AMD in servers probably isn't going to happen, unless they figure out a way to scale performance using a larger number of ICs operating at lower TDP, but even then, you have performance loss, because the same ICs become bandwidth dependent. Therefore, you move back to the argument of why Intel is reigning SUPREME in servers, and will likely stay that way, unless if they just flat out mess-up and over estimate their competencies with EUVs. Okay, I'm done, if Ashraf pops-up to point fun at this post, I wouldn't be surprised at all.
    Mar 6, 2015. 07:34 PM | Likes Like |Link to Comment
  • Apple's Currency Exposure Within Acceptable Limits [View article]
    The actual currency contracts will be tied to the individual currencies. No one is going to hire a group of MBAs so they can make a generic risk hedge across a basket of currencies not pertaining to the business segments that are actually exposed to currency movements.
    Mar 6, 2015. 06:14 PM | 4 Likes Like |Link to Comment
  • Apple's Currency Exposure Within Acceptable Limits [View article]
    Yeah, but the currency affects don't apply to Apple's two biggest markets which is basically China and the United States. Also, it's highly like that they factored in the impact of currency, especially when it came to guidance, because they have a fiduciary duty to shareholders to accurately represent what future earnings will likely be, which will require them to factor an increase in the value of the dollar in relation to the demographic segments that are exposed to currency effects. And if Luca can't anticipate some volatility in FX, I'm going to wonder why he's the CFO of the biggest company on earth.
    Mar 6, 2015. 05:59 PM | 4 Likes Like |Link to Comment
  • Google Fiber May Have More Upside Than Originally Anticipated [View article]
    @Investor Rockiek hahaha
    Mar 6, 2015. 01:41 PM | Likes Like |Link to Comment
  • Apple's Currency Exposure Within Acceptable Limits [View article]
    Yeah, but they were already anticipating currency headwinds.That impact was estimated in advance and was used to reduce the revenue range.
    Mar 6, 2015. 01:24 PM | 2 Likes Like |Link to Comment
  • Intel Broxton: Time To Set Realistic Expectations [View article]
    The article could use better grammar, but overall, he does present some good points.
    Mar 5, 2015. 01:21 PM | 2 Likes Like |Link to Comment
  • Google's Ad Network Presents Attractive Fundamentals [View article]
    Yes... those are good statistics to keep in mind. But, can you highlight how this pertains to the article?
    Mar 5, 2015. 01:11 PM | Likes Like |Link to Comment
  • Netflix Can Utilize Product Placements To Build An Ad Business [View article]
    I don't believe that's the case whatsoever.
    Mar 4, 2015. 10:05 PM | Likes Like |Link to Comment
  • Netflix Can Utilize Product Placements To Build An Ad Business [View article]
    Well.... not in all cases. But I see what you're saying.
    Mar 4, 2015. 02:09 PM | Likes Like |Link to Comment
  • Netflix Can Utilize Product Placements To Build An Ad Business [View article]
    @Khlim I understand that.
    Mar 4, 2015. 02:09 PM | Likes Like |Link to Comment
  • Google's Efforts In Wireless Will Have Limited Financial Upside [View article]
    I don't necessarily think that Google's ad-revenue is on the decline. However, supplementing sales with added sources of revenue, isn't at all surprising. Albeit, they could show much more conviction in their wireless plans, by speeding up the rollout of Google Fiber in neighborhoods. Without that, their mobile service is basically the same as everyone else's.
    Mar 3, 2015. 05:55 PM | Likes Like |Link to Comment
  • Facebook Will Improve User Engagement Through Better Ads [View article]
    The forward P/E may not be indicative of the future valuation as the way you describe it. It might not be expensive, especially if Facebook sustains the growth in other business lines like Instagram and WhatsApp, which have just as much monetization potential as the core FB app.
    Mar 3, 2015. 04:34 PM | 1 Like Like |Link to Comment
  • Facebook Will Improve User Engagement Through Better Ads [View article]
    Yeah, but FB already addresses that in their metric, because it doesn't allow people to own multiple accounts in their user policy. The impact is likely marginal by around 1 to 5 percentage points, indicating that whatever impact does not diminish the accuracy of the MAU figure by much.
    Mar 3, 2015. 04:14 PM | 1 Like Like |Link to Comment
  • Facebook Will Improve User Engagement Through Better Ads [View article]
    Yes, margin contraction this year, due to outlays on investment. The company is heavily focused on leveraging its incremental scale through deployment of new applications that may materially drive upside in future years. We could argue that Google expanded its headcount in prior years, to drive growth in various areas like cloud, mobile services, and etc. Hopefully, Facebook has a sound strategy for expansion, otherwise it will have to manage its cost structure to improve profitability instead of through sales growth.
    Mar 2, 2015. 07:45 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
2,428 Comments
2,819 Likes