Three examples of companies with siginifcant levels of cash on hand are Nvidia [NVDA] ($2.98 cash), Corning [GLW] ($2 cash), and Broadcom [BRCM] ($6 cash). Karabell suggests that even if you discount 2009 earnings, this cash takes those already low valuation multiples even lower, making for incredible entry points on the buy side. Karen Finerman feels there are definitely a number of companies who are not burning through their cash positions right now. She believes that Nvidia seems remarkably cheap.

Down >70% when I bought it. Good company, with lots of cash.

2.6

I'm sure these stock will come back up i like there management.

Takeover

The Santa Carla-based chip maker announced that it will increase its buyback program by $1 billion. This ups the total authorization amount to $2.7 billion. The repurchased will be made from time to time pending on market conditions and the company offered no expiration date.


Nvidia has repurchased 68 million shares, worth $1.16 billion, since the inception of its buyback program through July 27, 2008.


On August 12, 2008 the second largest maker of computer-graphic chips reported disappointing second quarter earnings. During the quarter revenue dropped 5% to $892.7 million versus $935.3 million in the same period last year.


The company experienced a loss of $120.9 million, or 22 cents a share, compared with a profit of $127.7 million, or 29 cents a share, in the year-ago period. The loss can be attributed to $196 million the company spent on customer warranty issues and high packaging materials cost.


"We have a great product line-up and, having taken the necessary pricing actions, we are strongly positioned again. Our focus now is to drive cost improvements and to further enhance our competitiveness through the many exciting initiatives we have planned for the rest of
the year," said Jen-Hsun Huang, president and CEO of NVIDIA.


Analyst Patrick Wang at Wedbush Morgan Securities has a buy rating on the stock. He commented, "Despite near-term headwinds, we believe shares remain attractive longer-term, trading at 17x and 14x our FY09 and FY10 EPS estimates, respectively." He maintained his $15 price target.

The Santa Carla-based chip maker announced that it will increase its buyback program by $1 billion. This ups the total authorization amount to $2.7 billion. The repurchased will be made from time to time pending on market conditions and the company offered no expiration date.

Nvidia has repurchased 68 million shares, worth $1.16 billion, since the inception of its buyback program through July 27, 2008.

On August 12, 2008 the second largest maker of computer-graphic chips reported disappointing second quarter earnings. During the quarter revenue dropped 5% to $892.7 million versus $935.3 million in the same period last year.

The company experienced a loss of $120.9 million, or 22 cents a share, compared with a profit of $127.7 million, or 29 cents a share, in the year-ago period. The loss can be attributed to $196 million the company spent on customer warranty issues and high packaging materials cost.

"We have a great product line-up and, having taken the necessary pricing actions, we are strongly positioned again. Our focus now is to drive cost improvements and to further enhance our competitiveness through the many exciting initiatives we have planned for the rest of
the year," said Jen-Hsun Huang, president and CEO of NVIDIA.

Analyst Patrick Wang at Wedbush Morgan Securities has a buy rating on the stock. He commented, "Despite near-term headwinds, we believe shares remain attractive longer-term, trading at 17x and 14x our FY09 and FY10 EPS estimates, respectively." He maintained his $15 price target.

They Just Don't Get Nvidia!:
Marek Fuchs criticizes those in the business media who fell for Nvidia's stock buyback announcement.

Click here to watch the video.

The best.

They Just Don't Get Intel!: Marek Fuchs can't believe the business media managed to miss these points in Intel's press release.


Click here to watch the video.

Cant't trust the management

eh

Too early

just dumped 6 points for missing qtr.

Dummies have dropped the ball by pitifully introducing their newer product line.

had it's day

lost money

tech stock

lost money twice

"One bearish hedge-fund manager warns that all good things must come to an end for this stock, which last week was trading near 35, or 53.6 times trailing earnings. While the December quarter will still be strong, the manager predicts '08 will not be kind to Nvidia investors. Changes in component sourcing by Intel and Advanced Micro Devices mean Nvidia will lose share next year and see a drop in growth. The fund manager thinks the shares could fall up to 50%."