monkeyman

Nvidia Finally Wins Apple's Heart

Well, NVDA did announce it was buying back shares at the beginning of this quarter. At the time it was announced, I did the math, and that buy back was roughly at the least 1/3 of the common shares. Considering the price is now half of when I did my math, that's sitting around now at close to a 2/3 common share buy back.

So, if EPS is above estimates, was the stock buyback ("NVIDIA repurchased shares worth $300 million during the quarter") taken into consideration to see if the EPS is inflated? I am wary of the number of times comments are made about am improved EPS in a company without taking into consideration any buy backs of common shares (not saying it was done here, though I could just do the math).

Nvidia may have won Apple's heart, but it is going to have to re-win the hearts of the consumer (though honestly, how was Apple going to choose ATI without causing any strain on it's relationship with Intel; Intel already made public whines about Apple choosing/sticking with ARM processors over their Atom solution). When the new MacBook was announced with dual Nvidia chipsets/processors, I saw many jokes commenting that two were necessary because one of them would fail. Nvidia has isolated itself from both AMD and Intel, boasting they could enter the CPU market; that's why AMD bought ATI and that's why Intel is again working on it's own in-house solution. There's still too much hubris at Nvidia.