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Ashraf Eassa  

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  • AMD Looks Finished
    Mar. 20, 2014 AMD 392 Comments

    Summary

    • A poor balance sheet, poor operating metrics, and weak competitive position already make AMD an "avoid".
    • However, some digging into what employees think of the company chillingly correlates with the financial performance.
    • AMD appears terminal.
  • Intel: Something You Need To Know
    Mar. 20, 2014 INTC 28 Comments

    Summary

    • Despite an announcement of job cuts, Intel continues to aggressively hire top technical talent.
    • In particular, Intel appears to be beefing up its custom foundry, software, and connectivity groups.
    • Any fears that Intel is "cutting to the bone" are unfounded.
  • After 25% Pullback, Lenovo Looks Extremely Interesting
       • Mar. 18, 2014 LNVGY 57 Comments

    Summary

    • After peaking in January, Lenovo's shares have pulled back nearly 25%.
    • While indigestion concerns loom after the acquisition of Motorola Mobility and IBM's X86 server group, the growth opportunity is enormous.
    • Shares trading at just an $11 billion market capitalization grossly undervalues the company's long-term earnings power.
  • Intel: Justifying A $33 Price Target
    Mar. 18, 2014 INTC 58 Comments

    Summary

    • The bulk of Intel's revenues are tied to the declining PC market.
    • Assuming that Intel can grow its tablet market share significantly, it can offset the decline.
    • This will allow the smartphone, data-center, foundry, and software opportunities to be incremental opportunities to today's revenue base.
  • Intel: 14 Nanometer Production Looks Like A Go
    Mar. 16, 2014 INTC 38 Comments

    Summary

    • Plenty of evidence now suggests that Intel's 14-nanometer process is in high volume production.
    • The evidence suggests that the higher performance 14-nanometer CPU parts are beginning a full ramp, with tablet products in small volumes.
    • The 14-nanometer mobile ramp should begin at some point over the next three months if it is to meet the release schedule.
  • Sell Intel, Buy Qualcomm?
    Mar. 16, 2014 INTC, QCOM 36 Comments

    Summary

    • Some have suggested that investors sell Intel and buy Qualcomm.
    • Qualcomm continues to grow at a rapid clip while Intel has yet to prove that it can grow revenues from here.
    • Should Intel investors trade-up for some Qualcomm?
  • Intel Is Late, But It Didn't Miss Mobile
    Mar. 13, 2014 INTC 70 Comments

    Summary

    • While many claim that Intel has missed mobile for good, I disagree.
    • In particular, the market is currently in desperate need for a strong #2 player to Qualcomm.
    • Intel is the best candidate for that #2 long-term.
  • Intel's Brilliant Leverage
    Mar. 12, 2014 INTC 22 Comments

    Summary

    • Intel's data-center group benefits heavily from investment in the PC Client Group.
    • It is my belief that the data-center group would see an operating margin drop from 47% to 30-35% if it were a standalone entity.
    • This leverage illustrates the importance of PC Client Group, and why a valuation based solely on DCG is ill-advised.
  • Intel: It's Not That Easy
    Mar. 10, 2014 INTC 36 Comments

    Summary

    • Investors appear perplexed about my stance on Intel.
    • While the company has a lot of fundamental long-term positives, it has translated poorly into shareholder value.
    • With better mobile execution and a recovery in PCs, the stock is materially undervalued, but the latter is hardly a guarantee.
  • Apple's iPhone 6 Will Be A Monster
    Mar. 10, 2014 AAPL 151 Comments

    Summary

    • Apple's next generation A8 chip is likely to be built on TSMC's 20-nanometer process.
    • This will enable a fairly significant jump in graphics performance relative to the A7.
    • Imagination Technologies is likely to supply higher end IP and could see increased royalties per unit as a result.
  • Intel An Embarrassment? No.
    Mar. 7, 2014 INTC 78 Comments

    Summary

    • Intel has been accused of being an embarrassment by noted columnist, Rocco Pendola.
    • While mobile execution not great, the article claims Intel's brand is worthless.
    • This assertion is flat-out wrong.
  • Applied Micro's X-Gene Proves Uncompetitive
       • Mar. 4, 2014 AMCC 24 Comments
  • Apple: Steve Jobs Was Right
    Mar. 3, 2014 AAPL 120 Comments
  • Apple A7 And Intel: Does 64-Bit Make A Difference?
    Mar. 2, 2014 INTC 81 Comments
  • Intel: The Real 'Problem' With Bay Trail
    Mar. 1, 2014 INTC 55 Comments
  • Apple Outguns Intel
    Feb. 27, 2014 INTC, AAPL 251 Comments
  • Intel Owes Its Shareholders An Explanation
    Feb. 26, 2014 INTC 97 Comments
  • Amkor Benefits From Samsung's Stumbles
       • Feb. 25, 2014 AMKR 2 Comments
  • Intel's New Mobile Processors Revealed
    Feb. 24, 2014 INTC 115 Comments
  • Zale Teaches Investors A Powerful Lesson
    Editors' Pick • Feb. 19, 2014 ZLC 9 Comments
  • Will Intel Fail Apple?
    Feb. 17, 2014 INTC 76 Comments
  • Intel: Broxton Performance Revealed?
    Feb. 17, 2014 INTC 28 Comments
  • Apple: This Is Ridiculous
    Feb. 13, 2014 AAPL 255 Comments
  • Intel: The Truth Behind The Rumor
    Feb. 13, 2014 INTC 71 Comments
  • Imagination Technologies Blasts Through Another Barrier
       • Feb. 12, 2014 IGNMF 2 Comments
  • Intel: Is This Rumor True?
    Feb. 12, 2014 INTC 105 Comments
  • Amkor: Don't Panic
       • Feb. 12, 2014 AMKR 2 Comments
  • Intel's ARM Problem Intensifies
    Feb. 11, 2014 INTC 76 Comments
  • Does Intel's New CEO Have What It Takes?
    Editors' Pick • Feb. 7, 2014 INTC 79 Comments
  • Apple: Tim Cook's Brilliant Move
    Feb. 7, 2014 AAPL 220 Comments
  • Imagination Technologies Solves Its Biggest Problem
       • Feb. 7, 2014 IGNMF 8 Comments
  • ARM Holdings: Not So Fast, Bears
    Feb. 6, 2014 ARMH 16 Comments