2 posts and columns on capital expense

Voices

Sirius XM: Goldman Cuts Target to 25 Cents, Trims Revenue Estimates

in News on October 28, 2008 at 11:33 am PT

According to Mark Wienkes of Goldman Sachs, the company’s equity holders face “near-certain dilution via either higher interest charges or new share issuance. …” Given the facts of falling satellite radio demand in general and Sirius XM’s inability to cover operating expenses in particular, it seems like the company’s equity is headed in the wrong direction, and pretty quickly.

Absolutely Fabless

in News on October 7, 2008 at 7:11 am PT

If it’s true that “real men have fabs,” as Advanced Micro Devices Inc. Chairman W. J. “Jerry” Sanders III once said, then AMD is the semiconductor industry’s latest eunuch. This morning the chipmaker said it will spin off its manufacturing operations, splitting itself into two companies–one to design chips and one to make them.