Did you guys discuss AMDs Q4 earnings?
Wholly smokes
This guy tries really really hard but there is now way to sugar coat it.
http://seekingalpha.com/article/2845576-...-they-mean
oh and it is even worse,
yeah, they are in a downward spiral. Slipping further and further behind. But at least their board and execs are getting payed. 144million for administration. thats way more than they should be spending. espeically considering their R & D is cut down to 238m.
Its clear they are just gonna keep sucking the money well until its dry.
Wholly smokes
This guy tries really really hard but there is now way to sugar coat it.
http://seekingalpha.com/article/2845576-...-they-mean
Quote:When I first saw the report of the massive loss of $364 million, and the revenue guide for Q1 2015, I was tasting that chili layer all over again. Part of me was shocked, part of me was dumbfounded, part of me was laughing at just how incompetent AMD was, never mind I had the stock. But things got better, but never to mango. Maybe more like carrot, or cabbage.
oh and it is even worse,
Quote:AMD has spoken repeatedly about preserving its research and development budget, and cutting elsewhere when it announced cuts. The facts do not bear this out. In Q3, AMD's R&D budget was $278m, in Q4 $238m. When looking at the cost reduction AMD enjoyed in Q4, this is a very large proportion of that. By contrast, administration costs only went from $150m to $144m. The way AMD portrayed this, you would have thought the proportions were reversed. This is of great concern not only because of the implications for future development, but also because it makes one question the veracity of AMD's management team.
yeah, they are in a downward spiral. Slipping further and further behind. But at least their board and execs are getting payed. 144million for administration. thats way more than they should be spending. espeically considering their R & D is cut down to 238m.
Its clear they are just gonna keep sucking the money well until its dry.