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Ashraf Eassa  

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  • Intel Earnings: Beat Or Beaten [View article]
    "If anything gets even half way competitive with the DCG offerings then the pricing power will start to decrease instead of increasing."

    It's a good thing that Intel spends $2 billion in DCG-specific R&D alone to keep its lead here :-)

    Look, Intel isn't going to be truly threatened by a vendor that offers a point product. A "real" threat to Intel's DCG margins would be a company that can offer a whole family of products that, at every price point, offers better total cost of ownership than what Intel can.

    I'm not convinced, when you take everything into account, that such players exist in the traditional server market. In broader DCG (Intel competes in storage, networking, HPC, etc.) Intel has plenty of competitors and is even in some cases the underdog that is taking share. Intel has been able to make inroads in these markets precisely because of its R&D and manufacturing scale.

    People like to point to potentially crashing margins for Intel's DCG because it's such a good business and they can't believe how profitable it is, but I think Intel has technological and R&D moats that will not be so easily breached.

    --AE
    Jan 11, 2015. 11:19 AM | 4 Likes Like |Link to Comment
  • Intel Earnings: Beat Or Beaten [View article]
    Most major companies have currency hedging programs to try to offset forex impacts as much as possible. They're not perfect, but Intel tends to do a pretty good job there to my knowledge.

    --AE
    Jan 11, 2015. 12:35 AM | 1 Like Like |Link to Comment
  • Intel Earnings: Beat Or Beaten [View article]
    SemiWiki.com

    I think he's actually spot on here. The Atom cores for phone/tablet chips are used in servers and notebook/desktop PCs, Intel's GPU IP is used in just about every client device. Cellular basebands are used in phones, tablets, and increasingly PCs, etc.

    There is of course plenty of segment specific IP as well, but the big ticket items definitely get used all over the place. That's why if Intel quit mobile, it wouldn't save nearly as much as what people might expect.

    --AE
    Jan 10, 2015. 10:31 PM | 2 Likes Like |Link to Comment
  • A Major Reason For Alibaba To Acquire eBay, Beyond The Obvious Ones [View article]
    Nice article, Paulo. Very neat argument.

    --AE
    Jan 10, 2015. 08:51 PM | 11 Likes Like |Link to Comment
  • Intel Earnings: Beat Or Beaten [View article]
    Sure, I definitely think that the Intel team is baking in a lot of conservatism on the PC side of things (flat units, revs down slightly) and there could be room for upside. However, if there is upside, I think it'll be on the order of 1-5% worth of growth. Not going to get my hopes up for a significant beat.

    --AE
    Jan 10, 2015. 08:47 PM | 2 Likes Like |Link to Comment
  • Update: Why InvenSense Is Falling While Other Chip Stocks Rise [View article]
    Agree with Russ here...Intel doesn't make MEMS chips. For all we know, it could be from InvenSense (although given that Curie is a super low cost solution most likely, I doubt it).

    --AE
    Jan 10, 2015. 08:02 PM | Likes Like |Link to Comment
  • Intel Earnings: Beat Or Beaten [View article]
    "Listening to the Intel's guidance at its 2015 Investor Day, I was not impressed. Basically 5% sales growth in 2015 was nothing for me to get excited about."

    5% sales growth for a company that saw declines in 2012 and 2013 and surprised the market by growing at all during 2014 is actually quite good.

    I don't expect too much deviation from this 5% number when all is said and done.

    --AE
    Jan 10, 2015. 04:25 PM | 4 Likes Like |Link to Comment
  • The Intel Compute Stick Is Perfect For Home And Office Computing [View article]
    "Better yet just have your compute stick as part of your phone . . . connected wirelessly to a larger screen, keyboard and mouse."

    The ARM dream :-P

    --AE
    Jan 10, 2015. 12:15 PM | 1 Like Like |Link to Comment
  • The Intel Compute Stick Is Perfect For Home And Office Computing [View article]
    "I don't quite understand why one would want to use the compute-stick in a home office. Size isn't really an issue for a home office. Desktop PCs are tiny these days, basically just small cubes... but a whole lot more powerful than a compute-stick intended to be plugged into a T.V."

    This. You can also put together a very fast desktop PC for quite cheaply these days.

    --AE
    Jan 10, 2015. 10:35 AM | 3 Likes Like |Link to Comment
  • Intel Inside The World's Best Multi-Tasking Smartphone, The Asus ZenFone 2 [View article]
    This phone is already likely more powerful than a lot of the dual core Bay Trail PCs on the market today...at least on paper :)

    --AE
    Jan 9, 2015. 01:12 AM | 2 Likes Like |Link to Comment
  • Intel: Dominant And Undervalued [View article]
    Technology Investing

    There is no 2+1. It's a harvested 2+2.

    http://bit.ly/1zXGu6a

    Look, we can argue this to death, but based on Intel's public statements, I firmly believe what I am saying is true. Feel free to believe whatever you'd like, though.

    --AE
    Jan 8, 2015. 05:26 PM | 1 Like Like |Link to Comment
  • Intel: Dominant And Undervalued [View article]
    Technology Investing

    There is no "2+1" silicon; it's just a disabled 2+2.

    Secondly, "tray prices" are far from what OEMs actually pay. If you think that Intel is getting $134 for a desktop Pentium chip, then I don't know what to tell you. Average platform selling price for Intel's PCCG (CPU + PCH) is ~$110-$120.

    Finally, a lower system level price allows Intel to keep SoC prices relatively high while lowering total system costs for OEMs. It's a win/win and very much relevant to the margin argument.

    --AE
    Jan 8, 2015. 04:30 PM | 1 Like Like |Link to Comment
  • Intel: Dominant And Undervalued [View article]
    ta152h

    The absolute lowest bin 22nm Haswell ULT (2+2 config) weighs in at a die size of 130mm^2. The PCH that is also on-package is another 60-70mm^2. Bay Trail-M/D is about 100mm^2.

    Not only does the Bay Trail come with significantly less silicon, but it doesn't incur the more sophisticated packaging two dice on a single package (i.e. cheaper package).

    I would also guess that at a system level, Bay Trail-M/D require a cheaper bill of materials than the Haswell Celerons/Pentiums.

    --AE
    Jan 7, 2015. 08:24 PM | 2 Likes Like |Link to Comment
  • Intel: Dominant And Undervalued [View article]
    ta152h

    "The margins are based on what? Your opinion? Where is that coming from?"

    Intel has stated such at its investor days. Now, if you think Intel is lying then you should let the SEC know, as making false and/or misleading statements to investors is a serious offense.

    "If CPU volumes are not the problem, but chipsets, where do you think they lost share? Think hard now. Really try. Hmmmm, Jaguar/Puma don't ship with chipsets, Kaveri does. Hmmmm, got it now?"

    Chipset isn't always referring to "PCH." Qualcomm talks about MSM chipsets, but in this case Qualcomm is talking about Snapdragon as well as Gobi modems.

    --AE
    Jan 6, 2015. 08:15 PM | Likes Like |Link to Comment
  • Intel Corp. Has Risen 78% In The Last 1.5 Years: Watch It Keep Going Or Buy It [View article]
    "INTC is a fine company with a huge run-up in the past year like MSFT without demonstrating any evidence they can continue to grow - ever."

    Intel is going to see revenue up this year (from $52.7B to about $55.8B) and guided to revenues of >$58B for next year.

    --AE
    Dec 29, 2014. 08:36 AM | 5 Likes Like |Link to Comment
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