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Ashraf Eassa

 
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  • Squllier's Declaration Sheds Light On Bankruptcy Details For GT Advanced Technologies [View article]
    "It's crystal clear to me that TG played an elaborate pump and dump. He seems to have orchestrated it within the letter of the law. Slow but steadily rising dumping, directly proportional to the hype cycle.

    Worst of all, he apparently threw a hail mary with the sapphire deal, extending the pump and dump. I believe he and his team knew the deal could never be fulfilled. It speaks to the kind of human beings they are, recklessly playing with investors and, actually, Apple. The icing on the cake is that TG failed to give due notice of negative material changes.

    I'm not naive. I know the law gives wide berth for this kind of unethical behavior. The odds are TG will get away with this. Again, I just hope something is found that the SEC can heavily leverage...and see that justice is done."

    This!

    --AE
    Nov 9, 2014. 02:33 PM | 3 Likes Like |Link to Comment
  • Dismal Year For Gold Stocks May Present Opportunity For Patient Investors [View article]
    Nice article. Thanks, Michael.

    --AE
    Nov 9, 2014. 08:45 AM | Likes Like |Link to Comment
  • Oracle fails "say-on-pay" vote third year running [View news story]
    Meh, Ellison owns a big chunk of the company and the company has been very successful over the years. It's not like his large pay meaningfully impacts ORCL's net income...

    --AE
    Nov 9, 2014. 08:43 AM | 2 Likes Like |Link to Comment
  • AMD: A Misunderstood Opportunity With 50-100% Upside By 2017 [View article]
    "AMD is more than twenty times the size of AMCC in revenue and employees."

    Apply this same logic to Intel's DCG revenues relative to AMD's server chip revenues...

    --AE
    Nov 9, 2014. 08:39 AM | 1 Like Like |Link to Comment
  • Intel: When Losses Go Away They Leave Profits Behind [View article]
    Bruce

    I would be shocked if Intel's mobile group were break-even in 2016. I think they are referring to contra-revenue in this case the more I think about it, since they DID indicate that contra-revenue would still be in effect (albeit to a much smaller degree) in 2015.

    --AE
    Nov 8, 2014. 10:58 PM | Likes Like |Link to Comment
  • Update: InvenSense Q2'15 Earnings [View article]
    "The sooner INVN decouples from both Apple and Samsung, the better off shareholders are. Both are evils. Apple might even be the more evil of the two (thanks to the GTAT dirt, now)...look for the market to use this as an excuse to hurt INVN."

    How can INVN's two largest customers by revenue "be evil"?

    Care to guess where INVN's share price would be if it didn't supply to either AAPL or SSNLF? :-P

    --AE
    Nov 8, 2014. 08:49 PM | Likes Like |Link to Comment
  • Squllier's Declaration Sheds Light On Bankruptcy Details For GT Advanced Technologies [View article]
    Oh, don't get your hopes up...these guys will go free, and nobody's going to get any money back. The value here is in the lesson learned...

    --AE
    Nov 8, 2014. 08:47 PM | 1 Like Like |Link to Comment
  • Squllier's Declaration Sheds Light On Bankruptcy Details For GT Advanced Technologies [View article]
    It was a fascinating read. Not sure it was worth the $ I lost on this, though...:-P

    --AE
    Nov 8, 2014. 08:12 PM | Likes Like |Link to Comment
  • Intel: When Losses Go Away They Leave Profits Behind [View article]
    "One question is why it takes $4B a year to run this business?"

    They need to develop all of the IPs that need to go into SoCs, and they need to develop the actual SoCs. Lots of hardware engineering and software engineering talent to be paid, especially since Intel is trying to play "catch up" with the leader (Qualcomm).

    The problem I have isn't that Intel is spending all of this money, it's that the results thus far have been underwhelming at best and downright disappointing at worst.

    --AE
    Nov 8, 2014. 02:26 PM | Likes Like |Link to Comment
  • AMD: A Misunderstood Opportunity With 50-100% Upside By 2017 [View article]
    "Just a few points of market share in this space will tremendously boost ARM profits."

    Do you actually want to quantify that?

    --AE
    Nov 8, 2014. 12:01 PM | Likes Like |Link to Comment
  • Intel: When Losses Go Away They Leave Profits Behind [View article]
    Bruce

    Intel stated that the gross margin impact of the contra-revenue was 1.5% relative to corporate. This was based on total revenue expectations of $52.7 billion.

    A 1.5% hit to that would mean approximately $800 million in contra-revenue + incremental NRE. So my $1 billion number I think was slightly off...but it was in the general ballpark :)

    --AE
    Nov 7, 2014. 10:33 PM | Likes Like |Link to Comment
  • AMD: A Misunderstood Opportunity With 50-100% Upside By 2017 [View article]
    ta152h

    You are fixating too much on the semantics. When AMD refers to "lower chipset sales" I am almost certain they mean "processors."

    Look, Intel reported that 20% of its notebook processor mix is made up of Bay Trail-M. These "replaced" Haswell-based Celeron/Pentium parts that required an external PCH or "chipset." Yet not only are Intel's margins now higher than they've been in several years, but its unit volumes are actually showing seriously robust y/y growth.

    So, no, AMD's y/y PC declines likely have nothing to do with "lower external PCH sales" (since I'd bet you AMD/Intel mark up their SoC solutions appropriately to account for the added value of the integrated PCH), and are likely due to Intel growing share significantly in the face of a flat PC market.

    You focus too much on the "performance" of Kabini/Beema, but there are so many other factors that are allowing Bay Trail-M (which you continue to insult despite the fact that it has been an enormous commercial success for Intel) to gain share. Intel has exceptional 22nm yields, Bay Trail-M has a relatively small die size, and Intel doesn't need to pay external foundries their margins.

    If a product is a commercial success for a company, whether it's computer chips or potato chips, then it is a "good" product. Conversely, a product that you deem "superior" that doesn't generate the $$ is a "bad" product. Bay Trail-M/D are "good" products -- Kabini/Temash/Beema/Mu... are "bad" products.

    As Intel transitions to 14nm Braswell next year, I suspect this only gets worse for AMD. It's already well known that Intel is putting a much beefier GPU on Braswell (16 EU Gen. 8), and Airmont is likely to continue to offer good performance at very low power consumption. All of this in a die that's, once again, dirt cheap to make.

    By the way, by my definitions above, Intel's Bay Trail-T, Merrifield, and Moorefield were "bad" products. They had issues that kept them from generating sales/profit in their intended markets, and I think Intel needs to start proving that it can generate some real revenue in mobile. The execution missteps there actually make AMD's PC efforts look good.

    --AE
    Nov 7, 2014. 04:30 PM | Likes Like |Link to Comment
  • Intel: When Losses Go Away They Leave Profits Behind [View article]
    Bruce

    Don't mistake Intel's operating loss for "contra-revenue." Remember that a big chunk of those mobile losses is due to R&D and SG&A expenses -- in other words, paying the engineers to actually develop these chips.

    The contra-revenue could go away tomorrow and I'm positive that Intel would still be very deep in the red on its mobile efforts.

    While elimination of contra-revenue will help Intel's mobile bottom line, the only way the company can realistically get this to profitability is a substantial uptick in net revenue from mobile chips.

    --AE
    Nov 7, 2014. 04:22 PM | 1 Like Like |Link to Comment
  • Nvidia: A $21 Stock Trading For $14 With Only $2 Of Downside [View article]
    thesahibzada

    While Intel continues to improve its own iGPUs, I still think there's a good strategic case to be made for Intel buying NVIDIA. Although at this point, I seriously doubt it'll happen...:

    --AE
    Nov 7, 2014. 04:14 PM | Likes Like |Link to Comment
  • Intel: When Losses Go Away They Leave Profits Behind [View article]
    The contra revenue in total for 2014 is $1b.

    -AE
    Nov 7, 2014. 04:09 PM | 1 Like Like |Link to Comment
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