MSI Turns To The Red [ATI] Quarter?
Posted by: Newsfactory on: 02/28/2003 05:02 PM [ Print | 1 comment(s) ] · 632 views
Here's some news that should have Nvidia quaking in their boots: Finance.Yahoo.com reports that MSI could soon be producing ATI R350 and RV350 video cards.
Friedman, Billings, Ramsey has learned that NVDA has lost a large design win at Micro-Star (one of its largest customers) to ATYT; firm now believes that other designs at Micro-Star are at risk, given that they had been an NVDA-exclusive customer; additionally, firm believes NVDA's new GeForce FX line will ramp more slowly than expected due to low yields on both discrete and board-level products; trims FY04 rev/EPS ests to $1.80 bln/$0.61 from $1.83 bln/$0.63 (consensus $1.82 bln/$0.59). Price target is $11.
Friedman, Billings, Ramsey has learned that NVDA has lost a large design win at Micro-Star (one of its largest customers) to ATYT; firm now believes that other designs at Micro-Star are at risk, given that they had been an NVDA-exclusive customer; additionally, firm believes NVDA's new GeForce FX line will ramp more slowly than expected due to low yields on both discrete and board-level products; trims FY04 rev/EPS ests to $1.80 bln/$0.61 from $1.83 bln/$0.63 (consensus $1.82 bln/$0.59). Price target is $11.
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Comment
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digitalwanderer Junior Member Posts: 4 Joined: 2004-02-22 |
#41839 Posted on: 02/28/2003 06:16 PM
Wall Street just found out how badly the new FX sucks and how much FUD nVidia has been blowing out...expect another nVidia bad news story to be posted after the closing bell today. 
I don't think MSI is gonna be the only one dropping nVidia for ATI, and I don't expect investors to react very favorably to this news. |
