Former Intel engineer and newly hired AMD employee, Biswamohan Pani, has plead guilty to five counts of fraud centered around the theft of sensitive Intel documents. The stolen information, valued at an approximate total of $1 billion, included chip-related design and manufacturing data. It is thought Pani intended to use the information for purposes of career advancement. However, AMD denied knowledge of Pani's wrongdoing and has cooperated fully with federal investigators.

Pani had worked at Intel's Hudson-based chip making plant located in Massachusetts before he submitted his resignation on May 29, 2008. Although his last day at Intel was June 11, Pani began his new job at AMD on Jun 2 while simultaneously retaining access to Intel's network. During this time, he had been downloading sensitive documents centered around Intel's manufacturing and chip designs.

Corporate espionage and intellectual property theft -- be it the theft of trade secrets, schematics or other proprietary information -- can be extremely lucrative in the right hands. Investigators have found no links between AMD and Pani however, in terms of willful espionage.

Intel quickly learned of the breach and stopped the engineer from pilfering documents before he could "use them to Intel's disadvantage". With Intel's help, federal investigators recovered approximately $200-$400 million worth of stolen information from Pani's home.

Pani, originally charged in 2008, may face up to 20 years in prison for each of the 5 counts of fraud brought against him. Sentencing is scheduled for August 8.

Summary

Model updated for restructuring charges and lower growth outlook.
My assumptions in the Levered Returns valuation models yield a fair value per share of $3.50, still 31% above its October 16th closing price of $2.67.
AMD represents a significant opportunity for long-term investors.
Q3 Earnings Announcement

• Advanced Micro Devices (NYSE:AMD) announced its Q3 earnings on October 16th, which missed analyst estimates, and the company decreased its Q4 outlook. It was not a press release investors cheer for. However, I still believe the company has long-term growth potential as AMD applies its technical expertise in CPUs and GPUs and enters other processor applications. In addition to diversifying its offerings, AMD continues to lower its cost structure.

Updated Levered Returns Valuation Model

I have updated my Levered Return's 5-year discounted cash flow "DCF" analysis shown below (prior analysis can be found here). Key differences include:

Updated for Q3 results.

• Projected revenue growth lowered to reach $5,691 million by fiscal year 2018 ($6,557 prior).
• Projected EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization) lowered to reach $580 million by fiscal year 2018 ($610 prior).
• Slightly lowered the company's long-term terminal growth rate from 3.0% to 2.5%.
• Adjusted the equity waterfall for the $57 million forecasted restructuring charges.

AMD: Patience Could Pay Off, Fair Value Price Target Moved To $3.50 - Advanced Micro Devices, Inc. (NYSE:AMD) | Seeking Alpha

Clorox is a respectable company that owns well recognized brands and delivers consistent cash flows. However, the company’s financial performance has lagged its public peers and currently trades at premium multiples. Applying an average to the Levered Returns models implies an intrinsic value of approximately $72.53 representing a 21.1% discount to Clorox’s latest trading price of $91.90 as of July 6th. I recommend value investors wait for a pull back before considering buying shares of Clorox at current prices.

Hidden Value In Kimberly-Clark: Interactive Valuation Model
Posted on July 4, 2014 by moabanker

Summary

Strong historical dividend growth for Kimberly-Clark, combined with no imminent threats, makes this tissue maker a strong buy at these levels. Levered Returns’ Gordon Growth Model provides the appropriate valuation check for Kimberly-Clark, implying a fair value of approximately $133. Applying my assumptions, Kimberly-Clark is 20.0% undervalued based on the July 1st close price of $111.52.

@Underexposed I am just posting news and articles that pertain to different stocks. It is up to the user to make an informed opinion.

I don't believe or care about most, if I did I would make some commentary about it.

Guidance

Management expects fourth-quarter 2014 revenues to decrease 13% sequentially, (+/- 3%), due to lower semi-custom revenues and a weak consumer PC environment. Non-GAAP gross margin is expected to be 35%. Operating expenses are expected to be approximately $385.0 million and interest expense is expected to be approximately $46 million.

Really...you don't care what you post here??? How useful is that?

Really...you don't care what you post here??? How useful is that?

there are many pertinent articles like this one form ZACKs

Stock Market Quotes | Stock Market Quotes and Symbols

Far more useful analysis and hard info.



this runs contrary to the "forecast" of that blogger who predicts increasing growth...but that is only the management's view...{shrug}