Analyst Conference Summary

Nvidia
NVDA

conference date: November 6, 2008 @ 2:00 PM Pacific Time
for quarter ending: October 26, 2008 (3rd quarter fiscal 2009)

But I own a competitor.
Forward-looking statements

Overview: Still sliding downward as AMD's ATI division ramps up the competition.

Basic data (GAAP) :

Revenues were $898 million, up 0.5% sequentially from $893 million, but down 20% from $1.12 billion year-earlier.

Net income was $61.7 million, well up sequentially from negative $121 million, but down from $235.7 million year-earlier.

EPS (earnings per share) were $0.11, well up sequentially from negative $0.22, but down from $0.38 year-earlier.

Guidance:

 

Conference Highlights:

Transitioned performance segment GPUs (graphics processing units) to 55 nm, "poised to recapture lost share." Introduced notebook motherboard chipset for Intel-based systems and Tesla supercomputing processor. Also 9400M motherboard GPU now used for Mac notebooks.

Non-GAAP numbers: net income $111.4 million or $0.20 per share. Excludes stock-based compensation, cost of revenue related to royalty dispute, restructuring charges and associated tax impacts.

Introduced the Quadro X especially to accelerate Adobe CS4 software.

Q&A:

 

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Disclaimer: Our analyst summaries may include both our condensations of statements made by company representatives and our own analysis. They are not covered by any warranty. We cannot guarantee anything said by company representatives is true. We try not to make errors, but it is possible. Before making or terminating an investment you should always verify any factual basis of your decision.

Copyright 2008 William P. Meyers