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  • Intel: Is There Hope For A Strong Future? [View article]
    From here on, it is for Intel to "show", and "talk" less. A good Q3 should be a good start....
    Jul 31, 2015. 11:38 AM | 3 Likes Like |Link to Comment
  • 5G: Revolution Not Evolution [View article]
    Great article, as it makes understanding the new, more "wirelessed" future ahead of us somewhat easier.

    Still, it is quite possible that the bigger US beneficiaries of this brave new world could be the likes of BRCM/QCOM (chips), CIEN (optical transport) and of course, the likes of CSCO and ANET.

    When it comes to carriers, the "punt" play I'd recommend for everyone should be CCOI, as this stock sits snugly between the "towers" and the massive content data centres such as AWS, NFLX, GOOG and FB!
    Jul 29, 2015. 05:54 AM | Likes Like |Link to Comment
  • XPoint From Micron And Intel: A Strategic Coup [View article]
    Your fine article literally has "kept me up"....

    Further questions I had at the end of their presentation was, as CMOS was reaching its limits in terms of limit of atoms per transistor, i.e. leaks, what material/s are they using to help them achieve this magical breakthrough?

    Does this device actually, affirmatively help INTC get ahead of ARM/TSM/Samsung in being able to design far more efficient (power, speed, amount of memory per device, cost) mobile devices?

    Are there entirely new use cases such as in enabling quantum leaps in MWDM networking devices as well as SDN, IMDB, etc. Networking was not even mentioned, but it would seem that with small cell radios, having this form of memory could be a huge plus.....

    And even if the stock price performance did not "say" so, it would seem INTC is strategically the bigger beneficiary, long term, as it extends Moore's Law in entirely new dimensions?
    Jul 28, 2015. 09:25 PM | 2 Likes Like |Link to Comment
  • How The Intel Acquisition Of Altera Affects Taiwan Semiconductor [View article]
    Re:"The overwhelming response from the FPGA community said they would NOT chose Altera for an ARM related project."

    Do you care to elaborate why ARM is a preferred platform for FPGA vs X86, is it to do with TCO performance (e.g. power efficiency, cost, ease of programmability) or just compatbility with "adjacent" processors (and memory) being also on or better suited for ARM vs X86?

    It seems too silly for INTC to pay such a high price for ALTR if it is only to meet so many headwinds from the ARM camp, esp in DCG server designs?
    Jul 27, 2015. 11:49 AM | 1 Like Like |Link to Comment
  • Oil: Prices Will Rebound [View article]
    The article was an interesting read, taking account of supply factors in details and an altogether not comprehensive enough coverage of demand factors, as I believe:
    a) the world underestimates the absolute slowdown in China, accompanied by a shift away from owning cars altogether, let alone buying luxury big cars;
    b) there is simply no comprehensive analysis available of how far the auto manufacturers have gone in dramatically increasing fuel efficiency per vehicle, and esp. so when it involves SUVs and mini-trucks;
    c) many Europeans are simply preferring to not own a car, use public transport or even if they do, they are choosing smaller, newer, far more fuel efficient cars;
    d) while no statistics are available, I feel the average miles driven per car, on a worldwide basis, per year is going down, quite dramatically, for several reasons, inc. the lifestyle changes brought on to work as well as daily living by the social media, mobile and telecommute revolutions. These are permanent changes, and will depress oil demand forever;
    e) major cities around the world, in both developed, emerging as well as frontier markets are investing in advanced mass transit systems, the depressing effect of which on car ownership, mileage driven per year, etc are just not fully understood.

    On the supply side, I fear producers are still continuing to produce as their "cash/direct, daily operating" costs to produce per barrel, both at OPEC as well as US is still far below the current crude oil price.

    Finally, Russia's pricing behaviour, given the strong sanctions, is targeted at continuing to sell to China to the max as they are able to import, to the max, so many of their manufactured goods into Russia on a barter system, to the mutual benefit of both countries. The economic effect of this "off the radar" system of oil shipments into China is simply too big to ignore, and yet, it is impossible to get accurate stats on.

    My conclusion: oil prices will stay very depressed a long, long time.
    Jul 27, 2015. 10:29 AM | 2 Likes Like |Link to Comment
  • Reasons Why Micron Should Walk Away From The Reported Tsinghua Unigroup Proposal [View article]
    Another unanswered question is whether, assuming an eventual successful acquisition of MU by China Inc., the US Govt would authorise semi-equipment suppliers such as AMAT, LRCX among others to sell highly advanced equipment for manufacturing say, 3D NAND chips in Chinese factories.

    I am sure some tough laws exist in the USA, given that we'd be looking at some of the most advanced equipment on the planet. In addition, Japanese companies such as Tokyo Electron and Advantest would also have tough questions to answer to their Govt.

    Of course, if China Inc. suddenly decides to give a level playing field to the likes of Amazon, Google, Netflix, Microsoft, Qualcomm, Cisco and the likes of Caterpillar ad so many others vs their existing or non-existing national champions, this could be an entirely new ball game.
    Jul 26, 2015. 10:34 AM | 4 Likes Like |Link to Comment
  • Riddle Me This On Amazon Prime [View article]
    Just listened to their Q2 Conference Call, and found the presenters quite evasive on many key questions of capex, revenue trajectory as well as key P&L drivers, incl. costs.

    I wonder if the author, being a long time bear, could author another article that would effectively refresh his thoughts given that after 2 quarters in a row, many of his worries could now be ostensibly behind him?
    Jul 26, 2015. 08:41 AM | 1 Like Like |Link to Comment
  • Ray Dalio turns bearish on China [View news story]
    The amazing thing is no one came, over the past almost 2 years, from the US Govt, or the activist hedge funds, to argue QCOM's case. It was just left to "hang".

    As for me, I found the ex-founder, Mr. Irwin Jacobs, whom I was fortunate to meet at one of the Telecom Expos in Geneva some 16 years ago, as the kindest, gentlest teacher, who loved to show everyone who showed up, how QCOM technology worked, including, those days, Globalstar services, which it effectively owned.

    To see it decimated by China Inc. is sad, and I am sure even the likes of the old at L. M. Erickson will agree...
    Jul 23, 2015. 03:29 PM | 3 Likes Like |Link to Comment
  • How The Intel Acquisition Of Altera Affects Taiwan Semiconductor [View article]
    Did anyone latch on to what SNDK management meant when they said that they had achieved their sales targets by using "captive memory": I wondered, in a flash no doubt, pun intended of course, if they were indicating that they were buying NAND memory from MU to meet their demand. Amazing, as they said it went from 1% in their Q4, 2% in Q2 and 6% in their last quarter, Q3!
    Jul 23, 2015. 03:23 PM | 2 Likes Like |Link to Comment
  • China's Holdings Of U.S. Treasuries - Without Hyperbole [View article]
    If China has been diverting its UST hoard into US stocks, quietly but firmly, using the individual and joint wisdom of the likes of GS, MS, BAC and C, all of which have a strong presence in Beijing and Shanghai, it may not be visible in the figures you look at, but they are great investments all the same....

    If Singapore's SWF investment track record was cloned by China's, with a much larger kitty, the latter could have done a lot worse.
    Jul 23, 2015. 11:56 AM | Likes Like |Link to Comment
  • How The Intel Acquisition Of Altera Affects Taiwan Semiconductor [View article]
    Listening to ARM's earnings conference call yesterday, the CEO seemed entirely unperturbed about potential INTC's threat to get into IoT devices, and specifically touted XLNX's prowess in being able to design and ship, I believe, its "UltraScale" processors.

    It seemed to me in order to succeed at low cost, power efficient ARM chips, INTC needs to fully and emotionally, both spiritually and physically "get into bed" with ARM, right down to its Core(s). Yet, from the way he sounded, INTC "never" will.
    Jul 23, 2015. 07:58 AM | 2 Likes Like |Link to Comment
  • Micron Technology Is A Steal At $18 [View article]
    To really analyse MU's valuation and 3D NAND prospects, it is necessary to deep dive into SNDK's results webcast yesterday: I felt, listening to the call, SNDK has made surprising but sure forward steps to be a thoroughly viable competitor in this space, which Intel and MU must confront, as Samsung's progress doesn't need any "proving".
    Jul 23, 2015. 05:51 AM | 1 Like Like |Link to Comment
  • How Intel Doubles In Size From Here [View article]
    I am totally aligned with the credible, reliable "force" of this article, and yet, there is another article in SA that says it is going to be easy game for China Inc. to ingest MU in short order.

    All in, if Intel makes it good, MU should too, esp if memory and logic are getting "closer and closer" together.

    But does anyone agree that INTC's entire current management seems "tired", and needs a truly exciting "face/front", esp. since TSMC, Apple, Samsung all seem to share in a similar level of fatigue. An industry "refresh" is badly needed, and soon....
    Jul 21, 2015. 01:47 PM | Likes Like |Link to Comment
  • Micron Spurns China Bid In Bargaining Tactic [View article]
    Given so many powerful "forces" at work, upfront and quietly behind the scenes, I just do not believe how anyone, including this author, could have strong opinions on the subject, esp. as those expressly stated in the Summary section of the report.

    I do believe Micron (also partly because of its strong links with Intel) and its forays into adjacencies of the memory and storage markets, is a "crown jewel" which many parties in the US will not part with to of all parties, China Inc.
    Jul 21, 2015. 01:43 PM | 4 Likes Like |Link to Comment
  • What's Next For Greece [View article]
    Re:"Greek deposits have fallen by 34 bln euros since last October."

    It should be possible to legislate carrot/stick rules to "force" the deposits that either went overseas or under mattresses and roofs to be brought back to the banking system, by enforcing a penal tax on those who do not redeposit the funds, and in the case of that do, a tax rebate or an equivalent thereof could be given. As a carrot, even shares in the banks could be given, for example.

    This is because substantially all of these disappeared funds are not spent, they are just "in hiding" somewhere....
    Jul 21, 2015. 11:55 AM | 1 Like Like |Link to Comment