Apple Sitting On Pile Of Cash, Will Pay Out Dividends

Subject: General Tech | March 19, 2012 - 10:44 AM |
Tagged: finance, computer, apple

Apple inc, the popular consumer electronics and computer company behind such brushed aluminum products as the MacBook and iPad is currently sitting on a huge pile of cash. Specifically, they have $97.6 billion dollars on hand in cash and securities (!). Allegedly, former CEO Steve Jobs maintained these liquid assets in the event that they needed to buy out a company to make any problems go away.

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Apparently, current CEO Tim Cook has other ideas about what to do with the company's money, including giving a small portion of it back to shareholders in the form of dividends. In light of this announcement, the company expects their stock price a grow over the long term. After generating $31 billion in cash last year (September to September), and on track to rake in even more profits this year Tim Cook does not foresee a dividend having any negative impact on their liquid assets. The quarterly dividend in question is set to be $2.65 per share stating July 1, 2012.

Apple is further instituting a $10 billion share buyback program that is reportedly being implemented to offset shares issues to employees. The buyback program will last for three years and begins on September 30, 2012.

After the release of the iPad 3 new iPad (sigh) and positive reaction to dividend announcement, their stock price is rising and they are still sitting on quite the pile of money even with the new dividend!

Source: PhysOrg

Bulldozer will be on time, missing CEO or not

Subject: General Tech | July 22, 2011 - 08:42 AM |
Tagged: amd, bulldozer, finance, release

AMD has a lot to happy about today, even if both they and GLOBALFOUNDRIES are one CEO short of a full board.  This time last year AMD was talking up Bulldozer as a product 12 months or more out of market and facing a $43 million loss under “Generally Accepted Accounting Principles”, as Josh explained fully.  Long story short it was money being paid for GF; the unadjusted profit for the quarter was actually $83 million, . This quarter it was a $61 million profit, $70 million non-GAAP, thanks to AMD focusing on keeping the costs down, with a bit of help from the recent release of Llano. 

On the processor side, AMD is pegging the 16-core "Interlagos" Opteron 6200 Bulldozer CPU for servers and the Zambezi FX series will both come out at the same time, at least as far as revenue is concerned.  We may not have them in hand for a while longer than that, but not too long.  Drop by the Register for the full picture.

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"The hybrid CPU-GPU chips for mobile PCs gave Advanced Micro Devices some breathing room in the second quarter, but it's going to take continued ramping of these APU processors and an upswing in Opteron server sales to get the company back to the profit levels it should be enjoying during a retooling phase in the IT market – and it looks like AMD and its server partners won't have to wait too much longer."

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Source: The Register

The lad doth protest too much, methinks ... AMD is probably not in that much trouble

Subject: General Tech | July 13, 2011 - 09:08 AM |
Tagged: amd, finance

At The Inquirer you can read a counterpoint to a recent analysts comments on the failure of AMD in the current market.  It seems that APUs are not hot ... even though that is exactly what Intel's SandyBridge processors are whether they call them that or not.  The analyst is unimpressed with the performance of the CPU portion of Llano, which is understandable as most of us were underwhelmed with its performance.  He completely glosses over half of Llano, calling it "integrated graphics circuitry" and giving no recognition to the fact that it is the fastest iGPU ever seen and can even earn you Bitcoins.  As The Inquirer points out, the size graphics portion of the APU on AMD opens up quite a bit of utility that people just aren't programming for and while the CPU portion is clocked lower it performs true multithreaded apps much more efficeintly.

He then goes on to denegrate AMD's chances in the server room, citing Intel's Xeon refresh.  What is strange is that Intel's move to 22nm in 2012 is somehow much more of a safe bet that AMD's first generation of Bulldozer for the server room.  Both are new architectures and while Intel is generally a safe bet, AMD and GF are also a team to bet on.  He also misses mention of AMD's Terramar and Sepang, which will compete directly with the Xeon E7 lineup and apparently has no idea about ARM's plans whatsoever.

Can't argue his point about the lack of a CEO though.

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AMD's Quarter 2 2011

"A CHIP ANALYST at JMP Securities has downgraded AMD, alleging that the company's APU and server offerings aren't in sync with the needs of its retail partners and are falling behind the competition, both of which, if true, are damaging for AMD's prospects."

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Source: The Inquirer