Nvidia CFO resigns

[Compddd]

Nvidia Chief Financial Officer David White has resigned for personal reasons effective May 31, the graphics-chip maker said Tuesday.

http://online.wsj.com/article/BT-CO-20110315-716236.html

 

[Arkadrel]

Yeah read same thing on S/A yesterday.

and ofcouse him speculating at reasons for the fireing.
And the nvidia following that always follows in the comment section about charlie being out for nvidia.

 

[OCGuy]

Things are looking up for nV, (not that they were ever that bad, they had a couple bad quarters when everyone in the tech sector did) I doubt it has anything to do with forecasts.

As far as "S/A", I can't believe there are people that actually give that site page-clicks unless there is an upcoming release, at which point even I get suckered in to read the garbage.

 

[Arkadrel]

OCGuy I doubt he was fired for stock dropping abit.

S/A had the news yesterday, I read it, and even charlies possible theories.
I dont take them at their word I just like reading them. He exagerates alot of things, but usually has a point.

Things are looking up for nV

Im not saying things are down, or up, but why are things looking up? isnt it just biz as usual?

590 isnt looking that promising (very low clock speeds), 460x2 is bound to take 580 sales, 550ti didnt get great reviews, Tegra2 was only nr1 for around a week, until others had better chips. And they had another "woodscrew" ish type thingy (not as big though) at the Finacial Analyst week thingy.

 

[3DVagabond]

We have no reason to think that it's anything other than "personal reasons". There are some people (cough Charlie cough) who feel like any opportunity to kick a company is OK, not looking at the possibility of harming the individuals involved. We need to take into consideration the people involved sometimes, as well.

Let's just hope this man is OK and all is well with him and his family. One corporate officer, more or less, in the end, isn't going to make a bit of difference to nVidia. I'd be more concerned with a lead engineer leaving.

It's not like there was a hostile takeover and JHH is on the street now. So, Charlie should quit spinning and dancing around.

So nobody thinks I'm a Charlie hater, I look at what's on S/A daily and read the forums there a few times a day. Charlie's hate for nVidia though does "overload his ability to think clearly".

 

[Arkadrel]

He spins things, but no site is really unbiased, most sites have a slight bias that shows in their writeing.

Charlie is one of the few in the amd camp, though his bias is extream, there are many sites that have minor nV bias.

There are some people (cough Charlie cough) who feel like any opportunity to kick a company is OK, not looking at the possibility of harming the individuals involved. We need to take into consideration the people involved sometimes, as well.

huh? that seems abit over the top, Im sure when charlie wrote it, he didnt do it to "kick" the CFO "David White".
His artical doesnt read like that.... which makes your above statement sound abit weird.
Your reading things into it that I dont, or Im just missing things when I read it.


Also remember when Dirk Meyers left for "personal reasons"? Remember the treads dedicated to that?
Did you jump to Dirk Meyers defense back then too?

 

[formulav8]

I don't know if a stock holder would agree that things are 'looking up' and have 'mostly' looked up.

But I honestly havn't checked out their stock recently since I was looking to buy last year well before they brought out their 5xx series. I may have to recheck if things have really been looking up lately...

I also don't see any proof yet that the cfo leaving has to do with anything negative for nvidia.

Jason

 

[MentalIlness]

Let's just hope Dirk Meyers is OK and all is well with him and his family. One corporate officer, more or less, in the end, isn't going to make a bit of difference to AMD/ATI. I'd be more concerned with a lead engineer leaving.

I fixed that for you.

 

[OCGuy]

Im not saying things are down, or up, but why are things looking up? isnt it just biz as usual?

590 isnt looking that promising (very low clock speeds), 460x2 is bound to take 580 sales, 550ti didnt get great reviews, Tegra2 was only nr1 for around a week, until others had better chips. And they had another "woodscrew" ish type thingy (not as big though) at the Finacial Analyst week thingy.

They are making a healthy profit, their stock is up since August I believe, they recently won a suit against Intel, Tegra2 and its successors are looking very promising in the next few years, Project Denver, they still make the fastest GPUs, Kepler is supposedly on track, they can only increase DX11 marketshare from here (you can only go up from 0%, right )

590/6990 and any x2 board for that matter, make up about as close to 0% of marketshare and revenue as you can get.

Compared to their main competition, who is one x86 microprocessor flop away from being bought out..I would say they are sitting OK.

 

[Arkadrel]

their stock is up since August I believe.

Yeah they had a massive dive prior to August last year, with stock going down to around ~9. Today its around ~17.... so on a year basis it looks good, over the last month its gone from 25.0 -> 17.5, which is like a 25% drop. Amd hasnt gone up last month either,... gone from 9.5 -> 8.5. Like a drop 11%.

Tegra2 and its successors are looking very promising in the next few years

crowded market, Tegra2 didnt impresse that much, and a week lateron someone had a chip out that performed better. Very promising future? or cut throat biz? Nvidia do have a really impressive road map though, to the point of things being hard to believe being realistic (those powerpoint slides where they go x times faster than y, by a factor of 1000 or so. They certainly are optimistic).

Project Denver

Nvidia's version of a APU, but with the CPU buildt into the GPU... ment for servers (from what I understand of it). Yeah I guess it looks okay.

they still make the fastest GPUs

Fastest gpu? you mean fastest singel gpu card solutions? current fastest single card is the 6990, fastest single gpu card is the 580.

Though this is mainly because amd arnt trying as hard for it, nvidia's 580 is a 520mm^2 chip... AMDs 6970 is a 389mm^2 chip... thats like a 35% size differnce. Nvidias 580 is the fastest because AMD arnt raceing with them at those die sizes, they let nvidia have that area (smart move? maybe not, nvidia gets alot of hype from the 580 being faster than the 6970).

they can only increase DX11 marketshare from here (you can only go up from 0%, right

Im not sure... Atom+ION took a beating, APUs are gonna take over alot of mobil area, first with the netbooks(from APUs like the E-350) and then with the notebooks (from APUs like the Llano). Also as soon as Intel has Ivy Bridge they ll take up a peice of the Dx11 pie.

Also Nvidias DX11 marketshare is pretty good atm as far as I know.

 

[notty22]

Here's a chart with Nvidia , AMD and Dow Jones plotted against each other.
Last 6 months
Its hard to find a negative in that imo.
http://www.google.com/finance?chdnp...:AMD&cmptdms=0;0&q=NASDAQ:NVDA&ntsp=0&fct=big

 

[sandorski]

Dude's leaving Dodge before the announcement Nvidia is Bankrupt comes out....

 

[3DVagabond]

Dude's leaving Dodge before the announcement Nvidia is Bankrupt comes out....

Yeah, my thoughts exactly.

 

[Dark Shroud]

Project Denver

Until we actually get details on what Denver is instead of wild conjecture this doesn't amount to much of anything. Denver can just as easily be a be con compared to what it's up against in every market.

Compared to their main competition, who is one x86 microprocessor flop away from being bought out..I would say they are sitting OK.

Considering AMD's video card division as well as the mobile both have do very well. To the point that AMD mobile GPUs have been gaining market share even when paird with Intel CPUs.

Also this little pesky fact that AMD powers just about all the consoles out there and probably will continue to do so. I highly doubt AMD is going to have to sell out. Since they also even have a fab advantage over Nvidia.

EDIT:

Dude's leaving Dodge before the announcement Nvidia is Bankrupt comes out....

+1

 

[SlowSpyder]

Maybe him and Dirk are going to Matrox to create the new NVIDIAMD line of gaming cards.

 

[rockyjohn]

Here's a chart with Nvidia , AMD and Dow Jones plotted against each other. Last 6 months
Its hard to find a negative in that imo.

Nothinig? You don't find it strange that over a period of ony 3 months the stock first triples in price and then quickly drops down 50%?

 

[notty22]

Nothinig? You don't find it strange that over a period of ony 3 months the stock first triples in price and then quickly drops down 50%?

? It didn't quickly drop 50% and if you haven't been paying attention, the market just lost all of its gains for 2011 in the last week.

Why did it go up ?
Positive 'good' earnings
Tegra 2
Project Denver
Tablets in general - Nivida gets linked in numerous tech articles
Smart Phones in general
Gtx 5 series
Intel settlement
Increase in desktop share
full recovery from being late with Fermi, workstation and consumer.

 

[Arkadrel]

Compared to their main competition, who is one x86 microprocessor flop away from being bought out..I would say they are sitting OK.

I think its impressive that AMD bought ATI got 6.5b in debt in 2006? and now in 2011 they have that down to under 2b.

I know 1b is from intel, but really that doesnt matter, its down.. and it looks like at this rate 1b/year... 2years from now AMD will have cleared its debt.

I think APUs and Bulldozer are the first promissing CPU stuff from AMD in a ALONG time, that ought to help them pay off debt at a faster rate.

Apart from that? I think their graphics department, that is ATI is thriveing, if anything theyve stepped up their game in many reguards.


I dont see AMD going bankrupt as is atm or in the near future... Also with Intel and Nvidia monopoly *IF* that happend, I dont think it would be allowed to happend, someone would step in.


As for a future outlook... APUs look promising, its a decent vision to have.
AMDs CPU part is bound to do better, with this new arch than it has the last many years. I dont see why AMD graphics department would do bad either, ATI usually have a egde with new processes and nvidia holding back... soon theres a new process node and ATI will work its magic and likely do well there.

 

[WelshBloke]

Yeah they had a massive dive prior to August last year, with stock going down to around ~9. Today its around ~17.... so on a year basis it looks good, over the last month its gone from 25.0 -> 17.5, which is like a 25% drop. Amd hasnt gone up last month either,... gone from 9.5 -> 8.5. Like a drop 11%.

 

[Idontcare]

I think its impressive that AMD bought ATI got 6.5b in debt in 2006? and now in 2011 they have that down to under 2b.

The ATI acquisition was funded by only $2.5B in new debt, the rest was covered by some cash on hand and stock deals.

But it is true they have managed to reduce total debt from a peak of $5.269B in Dec 2007 to $2.421B by Dec 2010...but that debt reduction came from spinning off the fabs (and debt along with them) and the $1B cash from the Intel lawsuit.

No magical ways to make the remaining $2.4B disappear...they need strong positive net cashflow to be in a position of paying their bills.

 

[shangshang]

The ATI acquisition was funded by only $2.5B in new debt, the rest was covered by some cash on hand and stock deals.

But it is true they have managed to reduce total debt from a peak of $5.269B in Dec 2007 to $2.421B by Dec 2010...but that debt reduction came from spinning off the fabs (and debt along with them) and the $1B cash from the Intel lawsuit.

No magical ways to make the remaining $2.4B disappear...they need strong positive net cashflow to be in a position of paying their bills.

lol leave it to the corporate financial tricksters to work their magic

 

[shangshang]

Yeah they had a massive dive prior to August last year, with stock going down to around ~9. Today its around ~17.... so on a year basis it looks good, over the last month its gone from 25.0 -> 17.5, which is like a 25% drop. Amd hasnt gone up last month either,... gone from 9.5 -> 8.5. Like a drop 11%.

so basically anyone who bought NV in August 2010, they'd be sitting pretty!

 

[Keysplayr]

The ATI acquisition was funded by only $2.5B in new debt, the rest was covered by some cash on hand and stock deals.

But it is true they have managed to reduce total debt from a peak of $5.269B in Dec 2007 to $2.421B by Dec 2010...but that debt reduction came from spinning off the fabs (and debt along with them) and the $1B cash from the Intel lawsuit.

No magical ways to make the remaining $2.4B disappear...they need strong positive net cashflow to be in a position of paying their bills.

I didn't know this. Did you Arkadrel? Very interesting IDC, TY.

 

[wahdangun]

Dude's leaving Dodge before the announcement Nvidia is Bankrupt comes out....

dude, maxtor is dead, its just via with its S3 chromium GPU that struggleto even exist

 

[Madcatatlas]

So this is ..news?

Hands up if your immediate thought was "Jensen is resigning..waat?"

CFO..
reminds me of UFO..