LDK Solar Co reports seventh straight quarterly loss (GulfNews)
Chinese solar panel maker LDK Solar Co., Ltd (NYSE:LDK), which partially defaulted on a bond payment this week, reported on Thursday its seventh straight quarterly loss as it struggles to meet looming debt payments of more than $3 billion (Dh11.02 billion). The company said it would focus on emerging solar markets in China, Africa, India and the United States, but warned that demand for solar panels would remain weak in the near term. Like many of its domestic rivals, LDK ran up huge debts to expand manufacturing capacity before being hit by the Eurozone crisis that triggered a collapse in demand for solar panels.
China’s LDK Solar Misses $23.8M Bond Payment (MBTMag)
LDK Solar Co., Ltd (NYSE:LDK) said Tuesday that it failed to make a $23.8 million bond payment this week because of a “temporary cash-flow shortage” but negotiated to delay some of the obligation. Payment on the 4.75 percent convertible notes was due Monday. LDK said it agreed with two bondholders to delay $16.6 million in payments. The company said it was “ready and willing to discuss and reach a settlement for the remaining convertible notes.” In afternoon trading LDK shares fell 5 cents, or 4.5 percent, to $1.07. They have fallen 25 percent this year. The stock traded at more than $70 in late 2007. LDK’s announcement came a month after another Chinese solar equipment maker, Suntech Power Holdings Co., defaulted on $541 million in bond payments.
LDK Solar reports $517M loss in fiscal 4Q (BusinessWeek)
LDK Solar Co., Ltd (NYSE:LDK), which defaulted on a bond payment earlier this week, reported a $517 million loss in its fiscal fourth quarter as sales fell sharply. The Chinese company said it was hurt by ongoing poor conditions in the solar industry, including overcapacity that has pushed prices lower. Solar subsidies have been slashed in Europe, hurting demand in that big market. LDK said it would focus on emerging markets in China, Africa, India and the U.S., and on cutting production costs. In premarket trading LDK shares fell 14 cents, or 13 percent, to 94 cents.
Advanced Micro Devices Earnings: Your Sneak Peek to the Big Announcement (WallStCheatSheet)
Advanced Micro Devices, Inc. (NYSE:AMD) will report earnings after markets close on Thursday, April 18th. Advanced Micro Devices, Inc. manufactures semiconductor products. The Company manufactures products that include microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products. Advanced Micro Devices, Inc. offers its products on a global basis. Here is your Cheat Sheet to Advanced Micro Devices Earnings: Earnings Expectations: Analysts expect earnings of $-0.17 per share on revenues of $1.05 billion. …Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.11 to a loss $0.12. For the current year, the average estimate is a loss of $0.32, which is worse than the estimate ninety days ago.
Advanced Micro Devices Price Target Cut to $2.75 (AMD) (MideastTime)
Analysts at Wedbush lowered their price target on shares of Advanced Micro Devices, Inc. (NYSE:AMD) from $3.00 to $2.75 in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Advanced Micro Devices in a research note to investors on Tuesday. They now have a $2.50 price target on the stock. Separately, analysts at Evercore Partners reiterated an “underweight” rating on shares of Advanced Micro Devices in a research note to investors on Monday. They now have a $2.00 price target on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Advanced Micro Devices in a research note to investors on Thursday, April 11th. They now have a $3.00 price target on the stock.
Advanced Micro Devices, Inc. (NYSE:AMD) beats NVIDIA Corporation (NASDAQ:NVDA) with powerful hardware (CrazyJoys)
Advanced Micro Devices, Inc. (NYSE:AMD) is eager to grab much attention and that is the reason the company is vigorously playing against rivals like NVIDIA Corporation (NASDAQ:NVDA). AMD has recently launched its HD 7000 graphics series that directly ambushed NVIDIA’s GK 104 and GeForce 600 line of products. Another hammer on NVIDIA’s head is that Radeon 7970 is capable of 550 M Hash per second while the NVIDIA GTX is only half as fast. The better performance in AMD hardware is due to having more shader cores than the identical NVIDIA graphics cards. One of the reasons AMD cards perform well at mining is that its GPUs have a number of features that boost their integer performance.
