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Business Week on INTC vs. AMD |
HenryTo
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 Posted: Fri Nov 26, 2004 11:42 pm Post subject: Business Week on INTC vs. AMD |
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Let's see if Intel can pull another rabbit out of the hat:
http://yahoo.businessweek.com/magazine/content/04_48/b3910050_mz011.htm
Historically, Intel has nearly always been able to deliver when they're backed into a corner - but whatever the case may be, this intense competition between Intel and AMD can only be good for businesses and consumers (unless you were an Intel investor, of course). |
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Business Week on INTC vs. AMD Replies |
HenryTo
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| Posted: Thu May 10, 2012 6:47 pm Post subject: |
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Morningstar on INTC's future competitive advantages and threats.
http://news.morningstar.com/articlenet/article.aspx?id=550139
| Quote: | We believe Intel's ultimate success in smartphones is still uncertain, but its wide moat is likely to come into play in 2013-14. Intel may be able to catch up with ARM on both power and performance in smartphone chips as it accelerates its semiconductor fabrication process technologies for Atom to 22 nm in 2013 and to 14 nm in 2014. Although the outcome remains to be seen, making use of its competitive advantage by manufacturing Atom with industry-leading process technologies may be the trump card that Intel needs to close the gap with ARM in the realm of mobile device processors.
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While future versions of Windows may have more enterprise manageability support for ARM-based devices, Microsoft has extended a helping hand to Intel with Windows 8 to break into tablets. Taking into account that Microsoft typically refreshes its Windows franchise every three years, Intel should have at least that much time to take advantage of the opportunity. The Clover Trail version of Atom, which is aimed specifically at tablets, should launch in conjunction with Windows 8 in late 2012. As in smartphones, the move by Intel to aggressively migrate Atom's manufacturing technologies down Moore's Law in 2013 and 2014 could substantially enhance the firm's competitiveness in tablet SoCs over this period. |
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HenryTo
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| Posted: Tue Apr 24, 2012 7:57 pm Post subject: |
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AMD's 1Q earnings also quite robust. New "Trinity" processor to be released this quarter now all the rage. Following courtesy Morningstar.
| Quote: | | Advanced Micro Devices AMD reported decent first-quarter results, considering the hard disk drive shortages that have been hampering the PC supply chain. We are maintaining our fair value estimate. For the quarter, revenue was $1.59 billion, a decline of 6% sequentially, but at the upper end of the firm's prior forecast of down 5%-11% provided in January. For comparison, competitor Intel INTC reported a first-quarter revenue decline of 7% sequentially. We think AMD posted some pretty solid results when taking into account that the first quarter is typically seasonally slower and that AMD also faced disruptions to PC production levels caused by the HDD shortages, which hampered PC chip demand from computer manufacturers. AMD's main computer processor (CPU) segment reported sales of $1.20 billion, down 8% from the fourth quarter. The firm saw lower desktop processor shipments, though management noted that adoption of Llano Fusion chips in notebooks was robust. Additionally, the firm saw lower server processor sales, as pricing declines masked an increase in unit shipments. In the graphics processor (GPU) unit, revenue was flat sequentially at $382 million, as higher GPU average selling prices, driven by new products, offset a decline in game console-related sales following the seasonally strong fourth quarter. Last quarter, this segment felt a significant impact from the HDD shortages and the effects may have continued during the first quarter as well. AMD posted an operating loss of $580 million during the quarter, as it had to take a $703 million one-time charge related to an amended supply agreement with key foundry partner GlobalFoundries. GlobalFoundries agreed to waive an exclusivity arrangement in the amendment, which will allow AMD to use other foundries for the production of its future 28-nanometer (circuit size) chips. Excluding the charge, operating income would have been $123 million, compared with $169 million in the fourth quarter. For the second quarter, management expects revenue to be flat to up 6% from the first quarter. AMD's Fusion chips, which combine a CPU and high-end graphics capabilities on a single piece of silicon , have been doing well in the marketplace and have helped the firm achieve share gains in the notebook processor market. However, we think that the HDD shortages and previous manufacturing yield problems at GlobalFoundries have somewhat masked the progress that has been made. Nonetheless, the issues at GlobalFoundries appear to have been resolved, and we think AMD can see continued momentum with Fusion in the coming months. The firm will be launching a couple of new Fusion products soon, with Brazos 2.0 for netbooks and low-end PCs, as well as Trinity for mainstream notebooks and desktops. We are most excited about Trinity, the successor to AMD's current Llano Fusion chip, which has been generating a lot of interest from computer manufacturers and will be a key theme for the firm in 2012. AMD noted that it has ramped volume production of Trinity, which is scheduled to launch in the second quarter, and we think the chip will help the firm win market share from Intel in PC processors. |
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rffrydr
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| Posted: Thu Apr 19, 2012 7:30 am Post subject: |
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Pushing 30% margins while throwing up $4B plants is nothing short of awe inspiring. All of Taiwan is left a step behind. If you like the cloud you have to like Intel.
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HenryTo
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| Posted: Thu Apr 19, 2012 2:07 am Post subject: |
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Morningstar on INTC's 1Q earnings and 2Q outlook.
| Quote: | | Intel INTC reported solid first-quarter results considering the recent hard disk drive (HDD) shortages that have been affecting PC production and chip demand. We are maintaining our fair value estimate. For the quarter, revenue was $12.9 billion, down 7% sequentially, but at the upper end of the firm's forecast of $12.3 billion-$13.3 billion that was provided in January. We think that Intel posted some pretty good results when considering that the first quarter is typically seasonally slower, and that Intel also faced disruptions to the PC supply chain caused by the HDD shortages. Despite the supply chain issues, Intel noted particular strength in end-market computer demand from consumers in emerging countries, such as Chin a and Brazil, and from enterprises, while there continued to be softness in consumer PC demand in developed regions. The firm's PC processor segment posted sales of $8.5 billion, a decline of 7% from the fourth quarter. However, sales were only down 2% year over year, which is impressive, since HDD supply, while improving, is still at limited levels. Intel's server processor unit posted a quarter-over-quarter revenue decline of 10% to $2.5 billion. While we expect the server chip business to be a key growth driver for the firm in the upcoming years, driven by the build-outs of the cloud infrastructure, sales likely fell because customers reduced near-term demand in anticipation of the launch of the new Romley server platform, which came out in March. On the profitability front, gross margin fell to 64.0% from 64.5% in the fourth quarter, primarily due to lower volumes and higher chip unit costs. Intel posted an operating profit of $3.8 billion, down from $4.6 billion last qu arter. For the second quarter, management expects revenue to be $13.1 billion-$14.1 billion, which at midpoint would indicate a sequential increase of 5%. The anticipated increase is above typical seasonality at Intel, as the firm historically has seen sequential sales decline by 1% on average in the second quarter. Intel expects the improvement to be driven by the continued recovery in HDD shipments, which should result in improved levels of PC production, and hence, microprocessor demand from computer manufacturers. We think that Intel also should see a resumption of growth in its server processor business now that Romley has been released. Although the HDD problems are well on the way to being resolved by midyear, the Romley server platform is now out and Intel will soon launch its new 22-nanometer (circuit size) Ivy Bridge processors, which will be used in the firm's Ultrabook initiative. We continue to think that Intel will face rising competition from rival Advanced Mi cro Devices AMD in the coming months. We believe AMD is poised to capture some market share from Intel in PC processors, thanks to AMD's Fusion chips. Nonetheless, this is more of a near-term issue and we believe that Intel can thrive in the long run. As we noted earlier, server processors likely will present Intel with substantial growth opportunities in the coming years, as the build-out of the cloud infrastructure that's needed to support the proliferation of tablets and smartphones will drive significant demand for the firm's server chips down the road. |
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rffrydr
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| Posted: Wed Apr 11, 2012 10:30 am Post subject: |
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Checked out Windows 8 yesterday....loaded half the time as 7. Instant on (and weight) is a big reason tablets moving. Keyboard will reel 'em back. I wouldn't be afraid of Intel here.
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HenryTo
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rffrydr
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| Posted: Fri Mar 09, 2012 8:58 am Post subject: |
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~30W on a trans-pacific fight probably ain't gonna do it for me....pending deeper review will probably go with a discounted current model ultabook.
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HenryTo
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rffrydr
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| Posted: Fri Jan 20, 2012 9:01 pm Post subject: |
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Sounds like Toyota 
Really: the vertical integration and huge "foundries" sealed tight against the sun, spread the world over with 100,000 plus employees (many dressed in their foundry suits, unable to breathe the air).... I always we believed the market gave these guys too much rope. But now that the Wintel empire has traded at market multiples, what are we to make of this kind of "divergence"?.... Exactly that. And we made some effort at closing that gap today.
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HenryTo
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| Posted: Fri Jan 20, 2012 5:06 pm Post subject: |
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Morningstar on INTC's 4Q earnings.
| Quote: | | Intel INTC reported solid fourth-quarter results, particularly when considering that disruptions in the PC supply chain have caused PC manufacturers to temporarily cut back on demand for microprocessors. For the quarter, revenue was $13.9 billion, down 2% sequentially, but at the upper range of management's forecast of $13.4 billion-$14.0 billion provided in December, when Intel lowered its fourth-quarter outlook in light of the PC supply chain problems. The recent flooding in Thailand has damaged a large portion of the PC hard disk drive manufacturing base, which has resulted in a shortage of HDD components in the PC supply chain. The limited availability of HDDs has forced computer makers to temporarily reduce the production of PCs, which in turn is causing them to cut back on microprocessor demand. As a result, Intel's PC chip segment saw revenue decline 4% from the third quarter to $9.0 billion. Despite the supply chain disruptions, the firm believes end-market PC demand remained healthy in the fourth quarter. Intel's server processor business appears to have escaped unscathed from the HDD shortages, as the segment saw revenue grow 8% sequentially to $2.7 billion. The firm continues to benefit from the buildout of the Internet and cloud infrastructure, which has been driving strong demand for server chips. On the profitability front, gross margin rose to 64.5% from 63.4% in the third quarter, as Intel managed to lower manufacturing costs. Operating income came in at $4.6 billion, down slightly from $4.8 billion last quarter. For the first quarter, management expects revenue to be between $12.3 billion and $13.3 billion, which at midpoint would represent a sequential decline of 8%. Intel typically sees a seasonal sales drop in the first quarter, but the projected decline will be greater than usual, as the PC industry will continue to be affected by the limited availability of HDDs for the foreseeable future. Intel has been benefiting from several tailwinds in recent years, namely rising PC demand in emerging markets and growth in server processor sales. The firm is hoping to maintain its momentum in the upcoming quarters with releases of new server processors for the Romley platform and new Ivy Bridge processors, as well as the Ultrabook initiative, where the firm has been working closely with PC makers to create notebooks similar to Apple's AAPL MacBook Air. Nonetheless, we are somewhat cautious about our business outlook for Intel in 2012. The firm's business is highly cyclical, and we believe that uncertain macroeconomic conditions could put a damper on near-term global PC demand. More importantly, we currently project th at rival Advanced Micro Devices AMD will take market share from Intel in PC microprocessors, thanks to the success of AMD's new Fusion processors. However, these concerns are more short-term in nature and don't alter our long-term thesis on Intel. Over the long run, we continue to believe that Intel is well positioned for growth, particularly in the server processor business. The proliferation of smartphones and tablets will continue to drive the cloud infrastructure buildout, which will propel demand for Intel's server chips over time. |
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rffrydr
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| Posted: Fri Jan 13, 2012 8:52 am Post subject: |
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I'll be one of them.... though I don't know why I need to touch or talk to my laptop. I'm in it for the battery life, the graphics, the cool metalurgy but I think this amounts merely to rear-guard action. 2012, like 2011, will be the year of the tablet.
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HenryTo
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HenryTo
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HenryTo
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