Post by Admin on Aug 19, 2015 20:56:07 GMT -5
Two things bothered me about today. The share price being down, and down big by $0.19 at the close, and that everyone else in the server MPU space was down too (except AMD - unchanged), including INTC:
www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=0&chfdeh=0&chdet=1440035820426&chddm=391&chls=IntervalBasedLine&cmpto=NASDAQ%3ACAVM%3BNASDAQ%3AQCOM%3BNASDAQ%3AINTC%3BNASDAQ%3AAMD&cmptdms=0%3B0%3B0%3B0&q=NASDAQ%3AAMCC&ntsp=0&fct=big&ei=5jPVVfmuDeeZe4Hds_gP
The Barrons article (posted at the last hour) really seemed to send everything cratering into the close:
blogs.barrons.com/techtraderdaily/2015/08/19/intel-3d-xpoint-dazzles-at-idf-but-donde-esta-skylake/?mod=yahoobarrons&ru=yahoo
The above article talked about next-gen INTC MPU, but the product never made an appearance (?!) at IDF. Gopi already addressed the Intel and Micron memory deal, and said that AMCC had been doing that with their chips for some time now - a non-event. Did the shareholders of AMCC really think that there would be NO competition? Shouldn't we wait until the competition actually has something besides vaporware before the AMCC shareholders surrender?
The one thing that I did find troubling in the whole article was, “While Intel appears to be executing well from a technology standpoint, we continue to believe Intel is too bullish on the PC market in 2H15, and expect another cut to Consensus estimates.” Hopefully storage is immune to such vicissitudes. I'm starting to have visions of "softness in China" again.
It seems like there was a combination of several things driving the drop today. The realization that there is competition out there. The realization that there is no immediate sale or takeover going into the near future with the departure of the CFO (still effecting the share price). And of course, the seemingly ever-present worries about the economy itself tanking.
But if AMCC makes their numbers, there's going to be an awful lot of people wishing they didn't sell their shares.
apminvestor.proboards.com/attachment/download/6
www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=0&chfdeh=0&chdet=1440035820426&chddm=391&chls=IntervalBasedLine&cmpto=NASDAQ%3ACAVM%3BNASDAQ%3AQCOM%3BNASDAQ%3AINTC%3BNASDAQ%3AAMD&cmptdms=0%3B0%3B0%3B0&q=NASDAQ%3AAMCC&ntsp=0&fct=big&ei=5jPVVfmuDeeZe4Hds_gP
The Barrons article (posted at the last hour) really seemed to send everything cratering into the close:
blogs.barrons.com/techtraderdaily/2015/08/19/intel-3d-xpoint-dazzles-at-idf-but-donde-esta-skylake/?mod=yahoobarrons&ru=yahoo
The above article talked about next-gen INTC MPU, but the product never made an appearance (?!) at IDF. Gopi already addressed the Intel and Micron memory deal, and said that AMCC had been doing that with their chips for some time now - a non-event. Did the shareholders of AMCC really think that there would be NO competition? Shouldn't we wait until the competition actually has something besides vaporware before the AMCC shareholders surrender?
The one thing that I did find troubling in the whole article was, “While Intel appears to be executing well from a technology standpoint, we continue to believe Intel is too bullish on the PC market in 2H15, and expect another cut to Consensus estimates.” Hopefully storage is immune to such vicissitudes. I'm starting to have visions of "softness in China" again.
It seems like there was a combination of several things driving the drop today. The realization that there is competition out there. The realization that there is no immediate sale or takeover going into the near future with the departure of the CFO (still effecting the share price). And of course, the seemingly ever-present worries about the economy itself tanking.
But if AMCC makes their numbers, there's going to be an awful lot of people wishing they didn't sell their shares.
apminvestor.proboards.com/attachment/download/6