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Intel (INTC -1.7%), AMD (AMD -2.9%), Dell (DELL -1.9%), and H-P (HPQ -2.2%) underperform after...

Intel (INTC -1.7%), AMD (AMD -2.9%), Dell (DELL -1.9%), and H-P (HPQ -2.2%) underperform after Evercore's Rob Chira slashes his estimates on (what else?) concerns about PC demand. Chira now predicts 2012 PC unit sales will fall 4% Y/Y, worse than IDC's forecast, and expects flat sales next year. "We estimate Q3 units fall year-over-year across every major market: Consumer, corporate, desktop, notebook, U.S., Europe, and APAC," he writes. AMD is also getting hit by an estimate cut from JMP.
Comments (5)
  • westcoastinvests
    , contributor
    Comments (46) | Send Message
     
    The great race to not be the last to downgrade the PC sector. Who is next to cut their estimates?
    24 Sep 2012, 01:14 PM Reply Like
  • RobbinTheHood
    , contributor
    Comments (3) | Send Message
     
    People can say what they want about AMD but the bottom line is the fact that they have a huge presence in the gaming segment, are already working on corporate ARM server projects, and also will continue to grow into the mobile segment. This downturn is based more on recession and consumer choice changes than any fundamental flaws with the company itself. AMD offers high quality, low priced, alternatives to Intel and Nvidia which to me seems to point to more consumer use than less as people trying to cut spending will opt for lower price. Intel and Microsoft are already facing gaming industry complaints about Windows 8 as game designers are trying to get away from closed platforms like iOS and potentially Windows 8.
    24 Sep 2012, 01:33 PM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
     
    so it looks like intc is easing into the $22 range.

     

    buy or not?

     

    Are we done with the downgrades, or are there still more 'analysts' in line to publish their downgrades and send the stock lower ?

     

    everyone seems hellbent on sending AMD to $3.
    24 Sep 2012, 03:32 PM Reply Like
  • PH
    , contributor
    Comments (10) | Send Message
     
    I still hold on to AMD shares;the reasons are, it is still the biggest rival for INTC and at the same time offers the lower price choice, while from time to time it can surprise the market by putting out cutting edge products too. Any prices under US$4.0 is a bargain unless you presume it will turn into receivership.

     

    It is also interesting to note that since 2010, AMD share price used to start declining lower and lower until around early October, when it reached the bottom and picked up again.

     

    Based on above mentioned, I would recommend it is about time to buy AMD shares now.
    -----A veteran investor, also a retired investment advisor on sharemarket.
    25 Sep 2012, 04:15 PM Reply Like
  • chungdad
    , contributor
    Comments (7) | Send Message
     
    Just go to any computer store and compare the graphics of AMD and INTC.
    INTC just like a car company who can only build and brag about their truck with huge engine. Oh, plus their unlimited business tricks.
    But the AMD is continuing to design and build better, cheaper, and more consumer oriented products.
    By the way, about the leaving of their financial VP, every one knows the reason. He did not get the position he thinks he should.
    But the "short" people surely jump on this opportunity to drive down the AMD shares.
    26 Sep 2012, 03:41 AM Reply Like
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