AMD feels share pain on NYSE

CHIP FIRM AMD had its nose bloodied on the stock market today after making a half billion dollar loss on its fourth quarter.

An analysis of the figures shows that perhaps Wall Street has overreacted - AMD included the price of its acquisition of ATI in its Q4, perhaps hoping to get that over and done with.

Its gross margins are down to the mid 30 range, so a concatenation of the traditional graphics card firm margins with its own rather low margins is no surprise. Right now its price is $16.16, down $1.35 on the day.

And so to Intel (INTC) which is up 22 cents and currently stands at $20.77, still somewhat down in the dumps after it said its gross profit margins were around 50% for its Q4 results. There was a time when Intel could confidently make 60% or more gross margins but this is Chip War VIII or perhaps XI the way we count it, and Chipzilla is hunkering down for more erosion and battles of attrition during 2007. It doesn't even seem to know how to party any more, unlike AMD, which was well known for its parties in Hawaii and in Nice in the old days.

Despite the fact that Broadcom (BRCM) declared it would have to restate lots of earnings in the old back pedalling share affair that's affected many an American firm, it rose $1.20 on NASDAQ today.

We've noticed in our peregrinations that things often go dizzy on a Thursday, only to recover on a Friday or the Monday after. You might have read that cynicism makes you more likely to have a heart attack than if you're bright eyed and bushy tailed, so I am pleased to report that I have now accepted an offer from marriage from the INQUIRER's Adamson Rust. No, no dowry is required. And yes, that minx Eva Glass is not invited to the wedding. µ