|To: Joe Kerr who wrote (5264)||3/16/2012 3:38:22 PM|
|From: neolib||Respond to of 11024|
|I think the general market anti-gravitation effect, plus Read appears to be willing to think outside the box a bit, and AMD does have a lowish P/E. But, yeah, I agree with you that i don't think 2012 is going to be magically good for AMD, sans something unforeseen happening. Overall PC growth is projected to be poor, the mobile gadget onslaught will continue, AMD looks weak in servers, IB will bump the level of pain against most AMD offerings, GPU's as a standalone market are shrinking and that should get noticeably worse after IB ships. Against that we have AMD with good products in the lower end of the notebook space. But even the notebook space will see pressure because of Intel's attempts at pushing Ultrabooks.|
So if AMD was yield constrained in 2011, and yields have improved nicely at GF as rumored, then AMD might find itself customers constrained in 2012. TWT.