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Stock Market & Financial Investment News

News For SSNLF;AMD From The Last 14 Days
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April 16, 2015
16:43 EDTAMDAMD sees FY15 non-GAAP operating expense roughly $340M-$370M per quarter
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16:41 EDTAMDAMD sees Q2 non-GAAP gross margin roughly 32%
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16:25 EDTAMDAMD exits 'dense' server systems sector, effective immediately
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16:24 EDTAMDAMD CEO says focusing on delivering stronger second half of year
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16:23 EDTAMDAMD reports Q1 Computing and Graphics segment revenue down 20% sequentially
Reports Q1 Computing and Graphics segment revenue down 38% y/y. Decrease was primarily due to lower desktop and notebook processor sales and the annual decrease was driven by lower desktop processor sales and GPU channel sales. Reports operating loss $75M compared with $56M last quarter. Decrease primarily driven by lower desktop and notebook processor sales, partially offset by lower operating expenses. Client average selling price decreased sequentially and increased year-over-year primarily driven by processor product sales mix. GPU ASP increased sequentially primarily due to higher channel GPU and Professional Graphics ASPs and decreased year-over-year primarily due to a lower channel ASP. Enterprise, Embedded and Semi-Custom segment revenue decreased 14% sequentially, primarily driven by seasonally lower sales of semi-custom SoCs. Reports y/y decrease of 7%, primarily driven by lower server processor sales. Reports operating income $45M compared with $109M last quarter and $85M last year, primarily due to lower game console royalties, product mix and higher R&D spending. Reports All Other category operating loss $107M compared with $383M loss sequentially and $39M y/y. Sequential decrease primarily due to the absence of 4Q14 goodwill impairment of $233M and lower of cost or market inventory adjustment of $58M. Year-over-year increase primarily due to $87M restructuring and special charges, consisting primarily of $75M related to the exiting of the dense server systems business.
16:19 EDTAMDAMD expects to purchase roughly $1B in wafers in 2015
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16:17 EDTAMDAMD sees Q2 revenue decreasing 3%, plus or minus 3%, consensus 1.13B
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16:16 EDTAMDAMD reports Q1 gross margin 32%, non-GAAP gross margin 32%
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16:16 EDTAMDAMD reports Q1 adjusted EPS (9c), consensus (5c)
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15:23 EDTAMDNotable companies reporting after market close
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07:44 EDTSSNLFApple calls audible to award 30% of A9 chip orders to TSM, Apple Insider says
Apple (AAPL) has made a "last minute decision" to recruit TSMC (TSM) for 30% of A9 chip orders for its next iPhone after GlobalFoundries continued to experience poor yield rates on production of the next-generation CPU, reports AppleInsider. According to a note from KGI Securities Ming-Chi Kuo, Globalfoundries A9 chip yield rate was at about 30% iyeld rate, well below the "basic requirement" of 50%. Kuo adds that Apple is concerned that Samsung's (SSNLF) chipmaking business may not be able to supply enough of its 14-nanometer design. Reference Link
05:55 EDTSSNLFGalaxy S6 expected to reach 70M in sales during 2015, DigiTimes reports
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April 15, 2015
15:05 EDTSSNLFEarnings Watch: SanDisk to report Q1 results after lowering revenue guidance
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10:06 EDTSSNLFSamsung creates team to work exclusively on Apple devices, Bloomberg reports
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06:14 EDTSSNLFSamsung may be borrowing from Apple profit margin strategy, WSJ reports
Samsung (SSNLF) could be borrowing from Apple's (AAPL) profit margin strategy by charging customers $100 more for each incremental gain in storage capacity, reports the Wall Street Journal. IHS senior director of research and analytics Andrew Rassweiler said it costs Samsung makes an extra $87 in profit each time it sells a 64-gigabyte Galaxy S6 and an extra $160 each time it sells a 128-gigabye device. Rassweiler adds that Apple has been structuring its iPhone offerings like this for years to improve margins. Reference Link
05:55 EDTSSNLFSamsung Taiwan mobile business general manager to resign, DigiTimes reports
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April 14, 2015
12:40 EDTSSNLFPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
10:27 EDTSSNLFSamsung's Galaxy S6 Edge costliest phone to build, Re/code reports
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05:46 EDTSSNLFReport: Samsung to hold off release of flexible tablets in 2015, DigiTimes says
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April 13, 2015
06:09 EDTSSNLFSamsung semiconductor CapEx to reach $15B in 2015, DigiTimes reports
Samsung's semiconductor capital spending is expected to reach a record $15B in 2015, reports DigiTimes Research. The company's CapEx for system ICs is expected to reach $4B, mainly to finance the commencement of its Line-17 fab in Hwasong and a buildup of its plant in Austin, Texas. Reference Link
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