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AMD Loses $1.2 Billion and Its CEO
Barence writes to mention that after seeing almost $1.2 billion in second quarter losses, AMD's CEO has resigned. Stepping up to fill his shoes will be Dirk Meyer, previous company president and COO. "Only two years ago, the company held a processor performance lead and was making serious inroads into Intel's market. However, AMD failed to keep pace with Intel's Core technology, and it once again surrendered its performance crown at the dawn of the multicore era. Those problems were exacerbated by the bungled launch of the Barcelona processors, which prompted Ruiz to make a frank public apology last December."
It dropped 12% from its high yesterday, which was basically an artificial buildup in the hopes of something good. It is now at $4.6, which is roughly where it was before, I expect it will drop to $4.3 or even under $4 when this news settles. Remember, there is no way to properly value this company, the proper valuation is NEGATIVE because that's what profits are. Thus there is no bottom limit to what the stock will reach, it is only bound by the optimism of the stock's investors.
Qxe4
Well, if you are looking for PURE open source drivers right now, Intel may be your only choice.
If you are looking for something that works, and has OS drivers coming in the future, it is not so cut and dried.
Example, My wife has an dual core Turion, and I have a Core2Duo Centrino.
My Centrino is all sorts of grief in Ubuntu and Mandriva (and Vista). The wife's has been flawless.
Examples?
I cannot play a movie in a 3D desktop, she can.
I have constant problems trying to get wireless drivers to work in mine(native or ndis), I just install or upgrade on hers and it works.
Even in windows, I have a difficult time playing simple 3D games in Vista on the Centrino, so I installed XP. Yes, the Intel engineers seem to to have gotten time to work out the flaws in Vista. (nor will they I hear)
It may very well be worth negative with all it's assets combined (assets really don't matter to the stock price, because stock holders won't be getting much if the company is liquidated). Are you certain that AMD can turn this ship around? If so, how long will it take? I am hoping they do, and I think they have a good chance, but they are right on the edge.
Qxe4
Exactly right, AMD's Phenom chips get a bad rap from enthusiast sites who overclock and attempt to squeeze every last ounce of performance at the expense of stability and longevity. AMD makes excellent mainstream CPUs, telling Joe computer user to buy Intel over AMD is like telling someone shopping for a family car to buy a Malibu instead of a Camry because performance wise the Corvette beats the crap out of anything Toyota has to offer. The 780g chipset is hands down the best integrated graphics chipset on the market and don't forget that AMD offers the least expensive quad core CPU. AMD needs PR help more than they need the "fastest" CPU on the market