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Here is another proof of smart sales collaspiing( may be slowing is more apprpriate). Samsung and HTC are already see slowing sales and now APPL. These 3 makes the majority of sales.
Apple Cutting Second-Half iPhone Production, Says Wedge; China Mobile Upside
By Tiernan Ray
Wedge Partners’s Brian Blair today writes that he believes Apple has cut production volume for its iPhone across various models, including a speculated forthcoming iPhone 5S and a speculated lower-cost iPhone, to adjust to an apparent broad slowing in premium smartphone sales.
Citing lower-than-expected Q2 reports Thursday and Friday from Samsung Electronics (005930KS) and HTC (2498TW), Blair thinks Apple’s cut production as much as 20%, though he doesn’t say how he comes by his revised projection:
We believe Apple’s prior production forecast for the iPhone was in the 115-120 million range for the June to December period. However, we believe in recent weeks that Apple has trimmed forecasts for its iPhone to the 90 – 100 million unit range. We believe this number includes production for all iPhone models, including the forthcoming 5S, the 5, the 4S, as well as the low-cost iPhone. Our expectation for the low cost iPhone continues to be that Apple will repurpose the iPhone 4 with a plastic backing that will allow the handset to sell at a retail price below $250. As we head into earnings season in the coming weeks, we expect these lowered unit forecasts (along with the same from Samsung on the S4) to create an overhang for key smartphone suppliers like Qualcomm (QCOM) and Broadcom (BRCM).
Blair thinks the lower-cost iPhone will sell at China Mobile (CHL), among others, a breakthrough for Apple:
Initial production for the China Mobile model to be in the 10 million unit range for the first 30-60 days of TD-SCDMA production. China mobile currently has 730 million subscribers and represents the single biggest untapped carrier opportunity for Apple.
Blair thinks production plans for the iPad remain unchanged, and that Apple is gearing up for a new 10-inch iPad model in September.
Blair has no formal rating and target on Apple stock, but believes the shares are “attractive” at current levels.
Apple shares today are down $3.88, or 0.9%, at $413.54.
http://blogs.barrons.com/techtraderdaily/2013/07/08/apple-cutting-second-half-iphone-production-says-wedge-china-mobile-upside/?mod=BOLBlog
Here is summary of various analysts and their comments.
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12:04 PM
Intel: Evercore Says Sell, Citi Sees Further PC Slump, Bernstein Ponders Capex
By Tiernan Ray
Shares of Intel (INTC) are down 85 cents, or 3.5%, at $23.21, following a couple of negative notes today based on a perceived weakening of the personal computer market, and also worries that Intel may cannibalize its sales of desktop and laptop microprocessors with sales of cheaper “Atom” mobile chips.
Patrick Wang of Evercore Partners cut his rating on the shares to Underweight from Equal Weight, and cut his price target to $20 from $22, writing that cannibalization of PCs by tablet computers and a breakdown of demand in emerging markets will produce a 10% decline in PC unit shipments this year, worse than the 6% decline he’d previously forecast.
Intel’s progress in tablets — it recently won the deal to power Samsung Electronics’s (005930KS) “Galaxy Tab III” tablet computer — won’t offset the deleterious effect of lower prices:
We’ve been cautious on the LT story for some time and can no longer look past our structural concerns. Current PC trends are weakening and could result in a >10% YoY unit decline this year with no inflection in sight. More importantly, we see ASP challenges ahead as mgmt capitulates on Atom in PCCG and somewhat in DCG. Even assuming healthy GMs on Atom, the combination of cannibalization and ASP reduction will result in less overall profit dollars. Further, we don’t expect share gains in tablets and smartphones to be material to 2014 EPS. Clearly, things are in motion at Intel with CEO Krzanich reorganizing businesses, reupholstering the core business, and carefully structuring foundry plans. Looking ahead, we believe the Fall Analyst Day could serve as a potential catalyst with new leadership sharing their vision and perhaps providing an update to the financial model.
Wang cut his estimate for this year for Intel to $52.8 billion in revenue and $1.80 per share in net profit from a prior $53.2 billion and $1.85. For 2014, he projects $54.6 billion and $1.90, down from a prior $55.25 billion and $1.98.
Wang notes that a decline in EPS to $1.90 this year from $2.13 last year would be the second year in a row of profit decline in the last decade, and offers the following chart:
Evercore Intel Earnings Record July 2013
Glen Yeung of Citigroup, meanwhile, writes that “as we begin the second half of 2013, growth remains elusive” for the semiconductor group as a whole.
Yeung, who has a Hold rating on Intel shares, and a $24 price target, writes that a bounce in Q3 from sales of Intel’s Haswell won’t be able to offset the effect of a weakening PC market, and he cut his full-year estimate for Intel to $52.27 billion in revenue and $1.80 in profit from a prior $53.1 billion and $1.82:
It will come as no surprise to investors that the PC environment is still weak: notebook ODM sales have been below plan; China demand has been poor; and the supply chain has been prone to disappointment (e.g. ASUS, TPK). Consistent with this, checks suggest Intel’s demand to its back-end suppliers was flat to down 5% in 2Q13. While this may be attributable to inventory work down ahead of broader Haswell/Bay Trail builds, in light of the broad PC industry weakness, we suspect it portends weakness in Intel’s 2Q13. As such, we lower our 2Q13 revenue growth estimate to flat (guidance -1.4% to +6.5%), implying sales of $12.6B, below consensus of $12.9B. For 3Q13, we retain our growth estimate of 6.4% (consensus 6.6%, seasonal 7.4%), contemplating the “sell-in” benefit of Intel’s new products despite a still weak end-market; this implies a reduction from $13.7B to $13.4B. For 4Q13, we increase our growth estimate from 1.4% to 2.0% (consensus 4.1%, seasonal -1.2%), reflecting a modest degree of optimism around Intel’s new product suite (including Bay Trail tablets), albeit still implying an estimate reduction ($13.7B from $13.9B) and still well below consensus ($13.7B vs. $14.3B). While dividend yield and optimism around Intel’s opportunities in tablets and handsets limit downside, we find it difficult to believe INTC shares will breakout to the upside in light of the poor PC environment and negative estimate revisions—we remain on the sidelines with respect to INTC shares at this time.
On a slightly less negative note, Bernstein Research‘s Stacy Rasgon, who has an Underperform rating on Intel stock, and an $18 price target, suggests Intel could do a little better than expected if it can exploit higher yields in its factories from Atom chips and thus minimize its capital investment:
This dynamic could suggest one further potential strategy for Intel to follow in such a scenario – namely, cutting capex to reduce the rate of capacity growth […] We continue to find potential for revenue and EPS downside in the event of heavy self-cannibalization. However, a good fraction of the earnings shortfall does stem from under-utilization, hence non-cash depreciation. Thus, IF Intel can achieve the higher pricing for Atom they are seeking (say, $45/part, rather than the historical $25 or so), it could happen that operating cash flow would decline less than their wafer starts. This could suggest that the company could bring down capex more than operating cash flow, allowing FCF to be supported (or even increase a bit) if Atom chips self-cannibalize in heavy numbers […] That being said, we continue to see significant risks to the stock during the transition as 1) for the moment, Intel is pursuing the opposite strategy of BUILDING out capex in an attempt to capture incremental unit growth (we’ll see what they do with that next week at their earnings) and 2) the potential still exists for stagnating or declining revenue/earnings even in a “positive” scenario. We remain Underperform on the name.
http://blogs.barrons.com/techtraderdaily/2013/07/08/intel-evercore-says-sell-citi-sees-further-pc-slump-bernstein-ponders-capex/
What is being discussed on this board and for that matter on other boards are long term trend and what is Intel's position and how it will effect its market share and hopefully stock prices.
But in the short run or day to day basis, these discussions and trends have very little effect. and this is quite evident from what is happening today or over the last a few months.
Are you serious? You do a good job of writing technical article and do a good financial analysis but you have no say on wall street.
Have you seen the decline in Intel stock today. It is more than 4% when the market was up more than 100 points at one time.
Exactly. Intel's timing into phone market is illtimed. Both Samsung and HTC sales were disappointing to say the least.
There is down grade to the whole semi but Intel leads the pack. Citi downgraded the whole sector
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SAN FRANCISCO (MarketWatch) -- Intel Corp. intc led a downswing in the chip sector on Monday morning following a bearish note on the group from Citigroup. In a report, analyst Glen Yeung cut his estimates on Intel and took Qualcomm qcom off the broker's Top Pick's list, citing saturation in the high-end smartphone market for his latter move. Regarding Intel, Yeung wrote that despite the company's efforts to get into more mobile products, "we find it difficult to believe Intel shares will breakout to the upside in light of the poor PC environment and negative estimate revisions," maintaining a hold rating on the stock. Intel shares fell 2.8% while rival AMD amd fell 1.8% and Qualcomm slipped by 0.7%. The Philadelphia Semiconductor Index fell nearly 1% in early trades . Micron mu shares were down more than 2.7% despite Citi leaving the memory chip maker on its Top Picks list.
AMD Must Avoiding Losing Focus in Micro-Server War, Says Microprocessor Report
By Tiernan Ray
Venerable chip newsletter Microprocessor Report this week features an interesting piece by Jag Bolaria regarding Advanced Micro Devices‘s (AMD) push into so-called micro-servers, which make use of lower-power processors more often found in mobile computing devices. (Subscription required to read Microprocessor Report articles.)
Bolaria, referring to the annoucement two weeks ago by AMD of its server roadmap for 2014, writes that after losing most of its server market share in recent years, AMD has a chance to repair things if it can execute, because “System manufacturers are encouraging multiple processor suppliers to counter Intel’s dominance.”
AMD’s current “Jaguar” CPU core is “comparable to Intel’s (INTC) Atom CPU, although its capabilities are more similar to the forthcoming Silvermont than the current Atom design,” he notes. One of the new chips, “Berlin,” will use the new “Steamroller” core, while the other, “Seattle,” will rely on the “Cortex-A57” CPU core design from ARM Holdings (ARMH).
Bolaria writes that AMD is starting from a good place, as the existing “Opteron X1150? part in the market now “blows away the Atom S1260 (Centerton)” part from Intel, and AMD has performed the most integration into the chip of other system functions that servers need:
Having integrated the traditional system-logic chipset, Opteron X boasts the highest integration of any x86 server processor. It includes USB2/3, PCIe Gen2, SATA II/III, and legacy interfaces. This high integration makes the processor attractive for dense microserver applications. The on-chip memory controller supports DDR3 with ECC at up to 1,600MT/s and can support two DIMMs for a total of 64GB of memory. Server enhancements, such as reliability, availability, and serviceability (RAS) features, increase the TDP to 22W, compared with Kabini. The X2150 also trims the maximum CPU clock rate to 1.9GHz and the maximum GPU frequency to 600MHz.
A big question is whether the Berlin part will best Intel’s forthcoming “Avoton” server chip when it comes to integration, he writes:
Berlin’s performance could take the device into Xeon E3 turf, but with the benefit of greater integration. Out of concern for maintaining Avoton’s segmentation, Intel may be reluctant to support this integration level on the E3. If so, AMD could lay exclusive claim to a growing x86 server market that wants an SoC and high performance at reasonable power efficiency.
When it comes to competing with other vendors of ARM’s intellectual property, such as Applied Micro Circuits (AMCC), AMD is coming late to market. But Bolaria thinks that’s okay if the company’s server assets prove themselves in the Seattle part:
Seattle’s technical specifications fall short of X-Gene from AppliedMicro, which is closest to offering an ARM server processor. X-Gene is currently sampling at about 2.4GHz and is scheduled to sample at 3.0GHz by the end of this year—about one quarter ahead of Seattle. Seattle will also compete for design wins with ARM-based server processors from Calxeda, Cavium, and others, AMD can achieve a competitive edge by using its extensive experience developing server processors and knowing which IP to integrate. Specifically, it has highperformance DRAM controllers, RAS features, and experience in optimizing the cache-memory subsystem.
He ends with the admonition that AMD must avoiding losing focus and must execute crisply:
Having three server-product lines in flight, AMD is in danger of spreading itself too thin and hampering its ability to deliver a competitive ARM server product as well as a competitive x86 server-processor lineup. Furthermore, AMD is a competitor for OEM customers as it continues to ship server systems and that could push customers to competitors. Consequently, we expect customers to wait until the company delivers production-worthy products before making long-term commitment. Thus AMD’s future rests on its product execution.
AMD shares today closed down 13 cents, or 3.2%, at $3.97.
http://blogs.barrons.com/techtraderdaily/2013/07/02/amd-must-avoiding-losing-focus-in-micro-server-war-says-microprocessor-report/?mod=BOLBlog
Here you again. You can't get this out of your system.
every time you get a chance you will bring this up.
Please keep up with this as you will need to live in this world.
This analyst is always bearish on Intel. Nothing new but repeat the same theme with the current news.
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Intel: Foundry Prospects Dim with TSM-Apple Deal, IBM Progress, Says Piper
By Tiernan Ray
Piper Jaffray’s Gus Richard today reiterates an Underperform rating on shares of Intel (INTC), and a $20 price target, writing that the company “keeps investing in fabs and process technology that is likely to result in diminishing returns, in our view.”
Richard’s first point of concern is the article this morning by Jessica Lessin, Lorraine Luk, and Juro Osawa stating that Apple (AAPL) has signed a long-rumored chip deal with Taiwan Semiconductor Manufacturing (TSM) to move some production away from Apple’s chip supplier and arch-rival, Samsung Electronics (005930KS):
Taiwan Semiconductor and Apple have reportedly signed a three year foundry agreement for 20nm, 16nm and 10nm. We believe it is now unlikely for INTC to get any of Apple’s business in CY14 or CY15 and in a best case scenario only some of the business in CY16. We estimate Apple’s mobile processor business is a $5-6B/year. We also think it is highly unlikely for Samsung to broadly adopt Intel’s CPUs in its smartphones or tablets. We think this shuts the door on the high-end mobile market for Intel for the foreseeable future. We believe this also limits Intel’s ability to drive mobile and foundry revenue over the next two years.
Interestingly, Richard actually notes Taiwan Semi has stumbled in some of its production efforts:
Even though TSMC has signed Apple, it continues to fail to execute. It has been reported in the press that the Apple/TSMC deal was delayed due to power issues. Our contacts have confirmed the power consumption issues at TSMC at 20nm. This is on the heels of missteps at 40nm, 32nm and failure to meet customer demand at 28nm last year. We believe 16nm is unlikely to be in production at TSMC next year. While TSMC is not catching up with Intel, we do not think they are losing ground. TSMC remains a fast follower.
Despite Intel’s lead in chip technology, Richard actually thinks TSM, IBM and others pose a credible threat, in part because Intel doesn’t have the right intellectual property to fill the fabs:
We expect Intel to ship 14nm product at the end of this year. Right behind Intel is Samsung who is working on its first FinFET process and we expect Samsung to start shipping 14nm in CY14. Behind Samsung and Intel are TSMC, STMicroelectronics and IBM. Surprisingly, IBM and STM look to have surprisingly strong process technology at 14nm. IBM has a FinFET transistor built on Fully-Depleted Silicon on Insulator (FD-SOI) and STM continues to work on FD-SOI. We believe the IBM and STM processes provide low power and very good analog performance. While Intel remains in the lead in process geometry, we do not believe they have a lead in the SoC designs needed for the mobile era. Intel needs to drive either foundry or mobile revenue to fill its fabs in a stagnant PC environment […] We are seeing a resurgence in IBM’s foundry activity. We believe the company recently signed a licensing deal with ARMH for its 32-bit processor line for ASIC customers. Moreover, our contacts are telling us that they are making customer visits promoting their 14nm process.
http://blogs.barrons.com/techtraderdaily/2013/07/01/intel-foundry-prospects-dim-with-tsm-apple-deal-ibm-progress-says-piper/
After Fighting Mobile Trend, Intel Now Embraces It
By VINDU GOEL
Intel, which became a global behemoth by making the chips that drive most of the world’s desktop computers and laptops, missed the mobile revolution. In tablets and smartphones, the company is a bit player.
That’s hardly news to anyone who follows technology. But it was still a bit of shock to hear the company’s new chief executive, Brian Krzanich, acknowledge that the company actively fought what everyone else could see was an inevitable shift toward smaller, more portable computing devices.
“We stopped and we held off and we tried to keep everything” frozen at personal computers, he said Friday during a meeting with a small group of reporters in San Francisco. Mr. Krzanich was certainly in a position to know, since he has spent his entire career at Intel and was the company’s chief operating officer from 2002 until he was given the top job in May.
The PCs-forever attitude was so pervasive that the people working on the company’s mobile-chip line, the Atom, were essentially second-class citizens, without access to Intel’s latest production technologies and the resources lavished on the Core line of PC chips and the Xeon line of server chips.
Now Intel is not just trying to catch up in mobile but also trying to leapfrog the competition. As Mr. Krzanich put it, Intel’s strategy is: “Embrace this and embrace it fast and actually move quicker and try and go ahead of this.”
Transforming Intel into a mobile leader won’t be easy. The company will continue to get the vast bulk of its revenue, which topped $53 billion last year, from PCs and servers. The mobile arena is dominated by other giant companies like Qualcomm and Samsung, which are constantly improving their own chips to make them do more while using less battery power.
But Mr. Krzanich and his No. 2, Renée James, who also ascended to her post in May, said that the Atom chip had now been elevated to the same level of importance as the other lines among the company’s priorities.
One advantage that Intel has, according to Ms. James, is the cross-platform and backward compatibility of its designs. Its x86 standard, which dates back decades in one form or another, allows businesses in particular to use the same software across generations of machines and different kinds of devices.
“We believe compatibility is a value proposition that no one else on the planet can offer,” she said.
Leveraging that notion, Intel is angling to persuade big PC makers like Lenovo, which already uses Intel chips in its computers, to use Atom chips as they move more aggressively into the mobile phone market.
Wearable computers, two-in-one tablet and laptop combinations, and the next generation of smartphone designs could also offer opportunities.
“Whatever is the leading technology today probably won’t be tomorrow. So it gives us the chance to insert ourselves,” Mr. Krzanich said.
One area in which Intel is trying to insert itself — Internet-based television service — is still rough going. Intel’s plan to offer streaming television shows through its own media box has run into opposition from established cable TV players.
“From a technical standpoint, we’ve built a game-changing device,” Mr. Krzanich said.
But the company is still evaluating the business model. Unlike Apple or Comcast or Time Warner, it has little experience in negotiating contracts for entertainment content. “We’re being cautious,” he said.
Like many in Silicon Valley, Mr. Krzanich believes that wearable computers will be the next big wave of computing. He said that in addition to chips for such devices, Intel is also working on a service that could connect all kinds of wearables.
Lately, Mr. Krzanich has been playing around with Google Glass, the Internet-connected eyeglasses being tested by the search giant. But he isn’t sure that glasses are the best form factor for computing.
“I love the Google Glass,” he said. “But there are times when I just want the earpiece talking to me.”
Intelligent earbuds? Now that’s the kind of innovation that would distinguish Intel from the rest of the pack.
It is quite clear that TSMC is having problem with producing processors for Apple.
From market reaction to Intel stock to Brian's news, there is some thing cooking. I will not be surprised if for ipad design win, Intel will agree to build processor for iphone-win and win for Intel.
wbmw,
We can all argue about what Microsft did with Win8. The real answer lies that market place rejected it. Sales of Win8 were disappointing to say the least. Second proof is that it came out with Win8.1 so quickly. all these issues affected sales of Intel microprocessors in some way or another.
Very interesting read into media business.
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Intel’s Set-Top Gambit: Skeptics Ponder Competition with Customers, Pricing
In this week’s Barron’s print magazine, I wrote an article based on a demonstration by Intel (INTC) of a television service the chip giant plans to offer later this year.
A couple of sell-side analysts today weighted in on the prospects for Intel as they see it.
Let me briefly explain what’s being assessed: Intel’s offering will consist of a set-top box that brings live television over your broadband Internet connection, with no need to pay the cable provider the traditional pay TV fee, instead paying Intel for one of several bundles of channels. The service will offer time-shifting features that go beyond traditional DVR capabilities, and a new look for the on-screen menu system. Many questions are unanswered, such as pricing, branding, the exact content offerings, and the retail distribution strategy.
Raymond James’s Simon Leopold, who follows the shares of cable network technology vendor Arris Group (ARRS), and rates them Overweight, as well as Cisco Systems (CSCO) stock, also Overweight, on the one hand sees little immediate threat from an Intel effort.
Writes Leopold, “We maintain our view that the STB market will evolve to an IP hybrid, which will trigger a product cycle that in our view allows for at least stable sales if not growth for the leading players ARRIS, Cisco, and Pace.”
“Over the top (OTT) products such as the Intel product still require a piece of equipment from the network operator (cable or telco) to serve as a demarcation point for Internet service.”
At the same time, he sees Intel’s decision to be a retail product vendor putting the chip maker into competition with its customers, thus imperiling its own attempt to sell chips for the set-top:
We are not sure if Intel is competing with itself; regardless, we see a conflict. At the CES, Intel had an ARRIS gateway featuring its Puma SoC on display in its booth. Intel representatives said it did not intend to compete with its customers (e.g., ARRIS, Cisco, Pace, etc.) and that it was happy to have succeeded in breaking into what has long been a Broadcom stronghold (STBs). Intel acknowledged that it did not intend to be a consumer product company, which is what the Barron’s article suggests. Intel lacks a channel to sell this new box. The opportunity to sell Puma SoCs via ARRIS, Cisco, and Pace appears meaningful. According to Infonetics in 2012, ARRIS (via the Motorola acquisition) sold 13.3 million STBs globally and 8.3 million in North America, Cisco sold 15.0 and 8.8 million, and Pace sold 10.2 and 3.8 million, respectively. We doubt Intel would risk losing the potential to sell over 30 million units to enter the market with its own product. At the Cable Show last week, ARRIS, Pace and Cisco showed new boxes (X2) that featured the Puma SoC from Intel. We expect these new boxes begin shipping into Comcast in 4Q12 for its launch in 1Q14. Furthermore, some of the next-gen features highlighted in the article (e.g., looking back at recent episodes) are offered by leading cable providers prominently on the emerging generation of IP hybrid STBs.
My own view of Leopold’s point is that Intel and its customers such as Arris likely do not view an Internet-delivered live TV service as immediate competition for traditional set-tops.
On the other hand, as made clear in the article, Intel has already concluded that the actual revenue and profit potential from selling chips into the set-top market is somewhat limited.
In a somewhat different vein, Craig Moffett, formerly a cable analyst with Bernstein Research, and now running his own shop, Moffett Research, humorously describes the Intel ambition as “Waiting for Godot.”
After noting that Intel’s service as I describe it seems not particularly novel in terms of offering versus Comcast‘s (CMCSA) “Xfinity/X2” offering to its subscribers, Moffett goes on to explain that any offering from Intel or another party for live TV necessarily has to undercut pay TV on price as its main appeal.
Moffett sees that as being very difficult. It’s unlikely Intel can pay less per channel, and the company seems to be willing to pay a premium, as explained in an article earlier this month by Reuters’s Ronald Rover, Liana Baker and Noel Randewich.
Trying to make the providers unbundle channels probably won’t reduce cost, as Intel would likely be forced to simply pay more for each channel to the content folks.
Intel could still try to “arbitrage the distribution charged by cable and satellite operators,” by somehow cutting out the basic transport cost of the cable guys.
That’s not likely to happen, writes Moffett, as the cable guys still sell you the broadband connection you need to get Intel’s service:
Herein lies the fallacy of most OTT fantasies. The transport function of the cable operator survives regardless of whether a cable operator provides that function on behalf of content providers directly (in its traditional model) or on behalf of third party content aggregators (like Netflix, Hulu, or, yes, Intel) in an OTT model. All too often, technologists conceptualize OTT video services as an end run around the egregious margins charged by cable operators. This is simply wrong. OTT services are not “alternative pathways to the home.” They are simply alternative content aggregation layers. The pathway to the home is, in either case, the cable company’s physical infrastructure.
Cable companies could torpedo Intel’s offering if they started charging a fee based on usage, which would jack up the total cost to subscribers. Somewhat oddly, however, after asserting the power of the cable operators, Moffett actually concludes that cable companies’ ability to do so is slipping away:
But, as we also described in our initiation, there is a vast difference between adopting a pricing plan a priori that would prevent a service like Intel’s from catching on, and adopting a pricing plan ex post facto that would kill a service like Intel’s after it had gotten started. It may already be too late.
My view is that Moffett raises good questions about whether Intel can reach a viable arrangement with content providers. Intel’s point of view, as I understand it, is that the service will not be about competing on price as Moffett assumes. Intel seems to view its service as being desirable at the same price as pay TV, or even more, if the feature set is correct, including the bundles of content. Intel is betting a substantial number of people are so dissatisfied with their cable and telecom TV offerings that they would gladly pay the same amount of money or more to someone else.
Intel shares today fell 62 cents, or 2.5%, to close at $23.58.
Here you go again.
I hope it sells well. The screen resolution is on low side.
Do we need another Andy? You alone are enough.
But what makes this offer crazy that it went over Intel's head.
I guess it is because of amount of shares-4m. TRC thinks that if it goes to open market or hedge funds, it can get that price. A ridiculous reasoning to start with.
You are correct but the difference is lot more than $0.75---$25.40-$23.75=$1.65
Intel is very bullish on itself. It is asking shareholders to reject the mini offer
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Intel Recommends Stockholders Reject TRC Capital’s “Mini-Tender” Offer
Business Wire - 3:00 PM ET
Intel Corporation recently learned of an unsolicited “mini-tender offer” made by TRC Capital Corp. to Intel stockholders to purchase up to 4 million shares of Intel common stock at $23.75 per share. Intel does not endorse TRC Capital’s mini-tender offer and recommends that Intel stockholders reject the offer and not tender their shares in response to the offer. This mini-tender offer is at a price
Saturn/WBMW,
It looks very good on papers. Do you really believe that OEMs will have so many models on the markets? I have my doubts.
That is too many models to cop with and manage inventory. This is especially true when most of them are having difficulty making money.
Sales of every kind of PC and to some extent some tablets have been disappointing to start with.
If the current sluggish economy continues, then there is no way it can happen.
AMD Could Double, Helped By Its Server Strategy
By TIERNAN RAY | MORE ARTICLES BY AUTHOR
Use of low-power chips and foray into the "microserver" market could pay off for the No. 2 chip maker.
Advanced Micro Devices (ticker: AMD), the No. 2 PC-microprocessor maker, has a fairly impressive headquarters building in Sunnyvale, Calif., near the offices of its much larger rival Intel (INTC) in neighboring Santa Clara. Both have stood the test of time as a slew of start-ups have moved in and out of the anonymous office parks dotting the Valley. Every once in a while, when the old titans need new blood, they troll the newbies in those rented cubicles. In February 2012, for example, AMD bought SeaMicro, a 2007 start-up just down the block, if you will.
The deal was important. SeaMicro offers AMD a chance to take share in the mainstream server-computer market, in which Intel sells about 96% of the chips, according to IDC. If the effort succeeds, it could lift AMD's stock substantially. At a recent price of $3.94, the shares are up 64% this year, but still down 32% in the past 12 months, as last spring's fleeting hopes of a sustained turnaround faded.
This time could be different. SeaMicro's technology looks good; its management team, astute; and the market opportunities, promising. One newly converted bull, Dan Niles, who bought AMD this year after being negative on its prospects last year, thinks the shares could go to over $8. Niles, who works at AlphaOne Capital Partners, sees this happening if AMD's revenue grows to $7 billion by 2015, and if its stock multiple of enterprise value to trailing 12-month sales rises from 0.7 times now to 1.3 times, which would bring it closer to Intel's 2.2. He considers this very possible.
The 30-year circus of AMD versus Intel is at a particularly interesting juncture. The SeaMicro deal places AMD's server-microprocessor business under the purview of the start-up's founder, Andrew Feldman, a Stanford University brat and an economist by training, who built SeaMicro by allying with Intel and teaching the semiconductor giant how to better use its own chips.
This comes at a time when the plain old personal-computer market is terrible, a concern for both companies, albeit more so for Intel, which sells the vast majority of PC microprocessors.
Markets that neither chip maker dominates, such as those for tablets and "microservers," a new class of server computers, offer lots of opportunity for both companies. The tablet market could expand by more than 50% this year, while microservers are a brand-new market.
Along with Feldman, much of the AMD management team is relatively new, including CEO Rory Read and Lisa Su, head of its global business units, each of whom came aboard in the past two years.
At AMD's offices last week, Feldman wildly scribbled diagrams about the server market on a whiteboard, and made it clear that he relishes the irony of battling his former partner.
Feldman built SeaMicro by convincing Intel of the promise of microservers. Intel wanted to sell traditional Xeon chips—among its most expensive—to SeaMicro to use in microservers. But Feldman insisted on much cheaper Atom chips that Intel sells for tablets and smartphones. These are vastly weaker than Xeon processors, but can be grouped to accomplish specific tasks, such as serving up Web pages or databases. "What I was able to show Intel is that we would sell four times as many Atom chips as Xeon chips, and that Intel would make 1.7 times the revenue as they would have with Xeon," says Feldman.
THE WAY FELDMAN DID THAT was to design a "fabric" chip that combines all the Atom chips with the memory and network bandwidth they need to operate in concert. He had concluded that power consumption is the biggest variable cost facing companies such as Google (GOOG) that are building the world's biggest data centers. A fabric chip lets the Atom do needed tasks while using much less power.
The microserver promises to boost ARM Holdings (ARMH), which sells designs to all of Intel's competitors, including AMD, to make small, power-efficient chips for mobile phones and tablets.
A new technology from ARM, called the Cortex A57, is that company's first attempt to help partners such as Qualcomm (QCOM), Nvidia (NVDA), and AMD storm the server market, where the ARM camp has had no presence. Feldman's microprocessor team will sell ARM-based chips, as well as the x86 chips that are compatible with Intel processors. "All you have to ask is, Will ARM win? And will AMD win with ARM?" says Feldman.
The ARM camp can, indeed, win in servers, he contends, given that history shows that smaller, higher volume, lower cost technologies of the kind ARM develops usually win the day against big, overdesigned parts like Xeon.
Even some analysts who appreciate Intel's strengths agree that chips running on ARM technology will capture share in the server market. FBR Capital Markets' Christopher Rolland, who recently raised his rating on Intel to the equivalent of a Buy, writes that ARM-based parts will steal 10% of Intel's business by 2018.
Of course, AMD isn't unique in offering the guts of a server on a chip. FBR's Rolland observes that Intel recently purchased Valley start-up Fulcrum Microsystems, and has bought various product lines from Cray (CRAY), the supercomputer giant, and QLogic (QLGC), the storage-networking vendor.
This week, AMD will announce details of its server-chip strategy. Feldman thinks its chips, which will ship in 2014, will be very competitive with Intel's next server processor, code-named Avoton, which will use the same technology that the Atom does for phones and tablets. Yes, Intel has learned the lesson Feldman taught it. "Whether Avoton will close the gap with AMD is hard to say right now," comments Linley Gwennap, whose Linley Group evaluates microprocessors. "Intel really hasn't given sufficient details to make that conclusion."
High sales of server chips could help AMD, starting in 2014. The company's revenue fell 17% last year, to $5.4 billion, following gains in 2010 and 2011. That was in part the breakdown of the PC market, still a concern for AMD, but also in part the onslaught of Intel in server chips, where the Xeon line, although expensive, did rack up gains.
Overall, AMD's prospects look better than they have in quite some time. It has already won the business to power both the new PlayStation 4 game console from Sony (SNE), as well as the rival next-generation Xbox from Microsoft (MSFT). But the server business could be an even bigger prize.
Intel powers the fastest super computer-in China though
---
NEWS HIGHLIGHTS
-- The new world's fastest supercomputer is powered by Intel Xeon Phi(TM)
coprocessors and Intel Xeon processors, delivering twice the speed of
the previous leader.
-- Intel processors power more than 80 percent of all systems on Top500
list of world's most powerful supercomputers including 98 percent of new
listed systems.
-- Intel expands the portfolio of current generation coprocessors with new
Intel Xeon Phi(TM) 3100 and 7100 product families, providing a variety
of cost and performance options.
-- Intel also disclosed the next generation of Intel Xeon Phi(TM)
technology, codenamed "Knights Landing," promising to extend its
supercomputing leadership.
LEIPZIG, Germany--(BUSINESS WIRE)-- A system built with thousands of Intel(R) processors and co-processors was just named the most powerful supercomputer in the world in the 41st edition of the Top500 list of supercomputers.
The system, known as "Milky Way 2," includes 48,000 Intel(R) Xeon Phi(TM) coprocessors and 32,000 Intel(R) Xeon(R) processors and operates at a peak performance of 54.9 PFlops (54.9 quadrillion floating point operations per second) -- more than twice the performance of the top rated system from the last edition of the Top500 list in November 2012. This is the first exclusively Intel-based system to take the top spot on the list since 1997.
Intel also announced the expansion of the Intel Xeon Phi coprocessors portfolio and revealed details of the second generation of Intel Xeon Phi products code named "Knights Landing." The new products and technologies will continue to radically increase the energy efficiency and performance of supercomputers worldwide.
The worldwide high performance computing (HPC) server segment is expected to grow its annual revenue by 36 percent1 from $11 billion to $15 billion over the next four years. The dramatic increase and growth of supercomputers continues to be driven by the need to quickly compute, simulate and make more informed decisions across a range of industries. Supercomputers are used to increase the accuracy of weather predictions, help to explore more efficient energy resources, develop cures for diseases, sequence the human genome and analyze big data.
"Intel is helping to blaze a path toward new innovation, discovery and competitiveness with its supercomputing vision and products," said Raj Hazra, vice president and general manager of Technical Computing Group. "There is an insatiable demand for more computing power while also achieving new levels of power efficiency. With the current and future generations of Intel Xeon Phi coprocessors, Intel Xeon processors, Intel(R) TrueScale fabrics and software, Intel is uniquely equipped to deliver a comprehensive solution for our customers without compromise."
Since the introduction of Intel Xeon Phi six months ago, Intel Xeon processors and Intel Xeon Phi co-processors have become a powerful combination now powering many of the world's fastest supercomputers. Intel Xeon Phi coprocessors based on the Intel(R) Many Integrated Core (Intel MIC) architecture address the need for higher performing yet more energy efficient and user-friendly technology.
"Milky Way 2" - the World's Fastest Supercomputer
Built for the National Supercomputing Center in Guangzhou China, the "Milky Way 2" system is powered by 32,000 of the upcoming 12-core Intel Xeon processors E5-2600 v2 based on Ivy Bridge architecture, and 48,000 Intel Xeon Phi coprocessors, with a total system power of 17.8 MW. Not only is it the fastest, but also one of the most power-efficient systems on the Top500 list. The system uses "neo-heterogeneous architecture," whereby the hardware architecture has multiple classes of compute capabilities that are accessed by a common programming model, streamlining development and optimization processes - an advantage not possible when using a combination of CPUs and GPU accelerators.
The system's leading performance and energy efficiency were achieved by using the upcoming Intel Xeon processor E5-2600 v2 product family based on Intel's leading 22nm manufacturing process. In addition to powering the "Milky Way 2", these processors also power two other systems on the Top500 list from Bull*, the 54th ranked system with 557 TFlops and the 329th with 139 TFlops, as part of an "early ship" program Intel uses to equip supercomputer customers. The products will be generally available next quarter, and will feature up to 12 cores and up to 2.7GHz clock speeds, delivering 259 GFlops per socket, a 56 percent increase over the previous generation.
More than 80 percent (403 systems) of the supercomputers on the 41st edition of the Top500 list are powered by Intel processors. Of those systems making their first appearance on the list, Intel-powered installations account for 98 percent. The June edition of the list had recorded 11 systems based on the Intel Xeon Phi coprocessor, including the Petaflops class systems like "Milky Way 2" at 54.9 PFlops and "Stampede" at 8.5 PFlops of peak performance.
The semi-annual TOP500 list of supercomputers is the work of Hans Meuer of the University of Mannheim, Erich Strohmaier and Horst Simon of the U.S. Department of Energy's National Energy Research Scientific Computing Center, and Jack Dongarra of the University of Tennessee. The complete report is available at http://www.top500.org/
New Intel(R) Xeon Phi(TM) Coprocessor 3000 and 7000 Product Families
Intel also announced the expansion of its current generation Intel Xeon Phi coprocessors with the addition of five new products that feature various performance options, memory capacity, power efficiency and form factors that are available today. The Intel Xeon Phi coprocessor 7100 family is designed and optimized to provide the best performance and offer the highest level of features, including 61 cores clocked at 1.23GHz, 16 GB of memory capacity support (double the amount previously available in accelerators or coprocessors) and over 1.2 TFlops of double precision performance. The Intel Xeon Phi coprocessor 3100 family is designed for high performance per dollar value. The family features 57 cores clocked at 1.1 GHz and 1TFlops of double precision performance.
Lastly, Intel added another product to the Intel Xeon Phi coprocessor 5100 family announced last year. Named the Intel Xeon Phi coprocessor 5120D, it is optimized for high-density environments with the ability to allow sockets to attach directly to a mini-board for use in blade form factors.
"Knights Landing" - A Choice of Coprocessor or CPU
Intel revealed details of its second generation Intel Xeon Phi products aimed to further increase their supercomputing capabilities. Codenamed "Knights Landing," the next generation of Intel MIC Architecture-based products will be available as a coprocessor or a host processor (CPU) and manufactured using Intel's 14nm process technology featuring second generation 3-D tri-gate transistors.
As a PCIe card-based coprocessor, "Knights Landing" will handle offload workloads from the system's Intel Xeon processors and provide an upgrade path for users of current generation of coprocessors, much like it does today. However, as a host processor directly installed in the motherboard socket, it will function as a CPU and enable the next leap in compute density and performance per watt, handling all the duties of the primary processor and the specialized coprocessor at the same time. When used as a CPU, "Knights Landing" will also remove programming complexities of data transfer over PCIe, common in accelerators today.
To further boost the performance for HPC workloads, Intel will significantly increase the memory bandwidth for all "Knights Landing" products by introducing integrated on-package memory. This will allow customers to take full advantage of available compute capacity without encountering memory bandwidth bottlenecks experienced today.
More information on Intel news from ISC'13 including Raj Hazra's presentation are available on the Intel Newsroom.
About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world's computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.
Intel, Xeon and the Intel logo are trademarks of Intel Corporation in the United States and other countries.* Other names and brands may be claimed as the property of others.
INFORMATION IN THIS DOCUMENT IS PROVIDED "AS IS". NO LICENSE, EXPRESS OR IMPLIED, BY ESTOPPEL OR OTHERWISE, TO ANY INTELLECTUAL PROPERTY RIGHTS IS GRANTED BY THIS DOCUMENT. INTEL ASSUMES NO LIABILITY WHATSOEVER AND INTEL DISCLAIMS ANY EXPRESS OR IMPLIED WARRANTY, RELATING TO THIS INFORMATION INCLUDING LIABILITY OR WARRANTIES RELATING TO FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY, OR INFRINGEMENT OF ANY PATENT, COPYRIGHT OR OTHER INTELLECTUAL PROPERTY RIGHT.
1 Source: IDC: Worldwide Technical Computing Server 2013-2017 Forecast
Software and workloads used in performance tests may have been optimized for performance only on Intel microprocessors. Performance tests, such as SYSmark and MobileMark, are measured using specific computer systems, components, software, operations and functions. Any change to any of those factors may cause the results to vary. You should consult other information and performance tests to assist you in fully evaluating your contemplated purchases, including the performance of that product when combined with other products.
Intel product plans in this presentation do not constitute Intel plan of record product roadmaps. Please contact your Intel representative to obtain Intel's current plan of record product roadmaps.
Intel's compilers may or may not optimize to the same degree for non-Intel microprocessors for optimizations that are not unique to Intel microprocessors. These optimizations include SSE2, SSE3, and SSE3 instruction sets and other optimizations. Intel does not guarantee the availability, functionality, or effectiveness of any optimization on microprocessors not manufactured by Intel.
Microprocessor-dependent optimizations in this product are intended for use with Intel microprocessors. Certain optimizations not specific to Intel microarchitecture are reserved for Intel microprocessors. Please refer to the applicable product User and Reference Guides for more information regarding the specific instruction sets covered by this notice.
Notice revision #20110804
All products, computer systems, dates, and figures specified are preliminary based on current expectations, and are subject to change without notice.
Intel processor numbers are not a measure of performance. Processor numbers differentiate features within each processor family, not across different processor families. Go to: http://www.intel.com/products/processor_number
Intel, processors, chipsets, and desktop boards may contain design defects or errors known as errata, which may cause the product to deviate from published specifications. Current characterized errata are available on request.
Intel, Intel Xeon, Intel Xeon Phi, the Intel Xeon Phi logo, the Intel Xeon logo and the Intel logo are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries.
Intel does not control or audit the design or implementation of third party benchmark data or Web sites referenced in this document. Intel encourages all of its customers to visit the referenced Web sites or others where similar performance benchmark data are reported and confirm whether the referenced benchmark data are accurate and reflect performance of systems available for purchase.
Absolutely. These guys have reason to sell. Most of them have written Intel off.
PO stated once-Intel rather loose sales to itself and not to its competitors.
Analysts are weighing on Intels's design wins in tablets.
----------------------------
http://blogs.barrons.com/techtraderdaily/2013/06/06/this-morning-cien-surges-a-cheer-for-xone-debating-intel-tablet-prospects/
Analysts are debating the prospects for Intel (INTC) in tablets after the company said on Tuesday that Samsung Electronics (005930KS) will use its “Clover Trail+” processor in the next “Galaxy Tab” 10.1-inch tablet.
Lazard Capital’s Daniel Amir reiterates a Buy on Intel, writing that “We view the company’s recent design wins within Samsung Tab 3 and Asus tablets as validation of Intel silicon in tablets and believe this is an important milestone for the company in its efforts to gain traction in mobile.” But Sterne Agee’s Vijay Rakesh, reiterating a Neutral rating on the shares, writs that “if during the holiday season, an OEM or a consumer has to choose between buying a Silvermont Win8.1 Tablet (~$40 INTC content) and a Haswell 8.1 NB (~$110 content), assuming some cannibalization, the net processor revenue impact for Intel is negative.”
Headlines was-Intel readies Baytrail for holidays.
Highlights Next-Generation 22nm Intel Atom Processor Products Aimed at Tablets
and Smartphones, and Demonstrates Global 4G LTE Solution
NEWS HIGHLIGHTS
* Next-generation 22nm Intel AtomTM processor-based SoC for tablets based on
Silvermont microarchitecture to include quad core processing, Gen 7 graphics,
support for DX11, full HD, Intel Burst Technology 2.0, hardware-based security
features, 2x CPU improvement and 3x graphics improvement1 and support for
Windows* and Android*.
* Highlights recent momentum around the Intel Atom processor Z2580 with the
Lenovo* K900 and ASUS* Fonepad Note FHD6 and ASUS* MeMO Pad FHD 10
announcements.
* New Samsung GALAXY Tab 3 10.1-inch, equipped with Intel`s 3G and 4G LTE
solutions, and powered by the Intel Atom processor-based SoC ("Clover Trail+")
platform for Android* tablets.
* Demonstrates Intel XMM 7160 multimode 4G LTE solution, now in final
interoperability testing (IOT) with Tier 1 service providers across North
America, Europe and Asia.
TAIPEI, Taiwan--(Business Wire)--
COMPUTEX - At an industry event in Taipei today, Hermann Eul, general manager of
Intel`s Mobile and Communications Group, unveiled new details about the
company`s forthcoming Intel Atom processor-based SoC for tablets ("Bay Trail-T")
due in market for holiday this year.
Based on the new Silvermont microarchitecture, the next generation 22nm Intel
technology for tablets and ultra-mobile devices will enable sleek designs with 8
or more hours of battery life2 and weeks of standby, as well as support Android*
and Windows 8.1*.
Eul also spoke to recent momentum and announcements around the smartphone
business and demonstrated the Intel XMM 7160 multimode 4G LTE solution, now in
final interoperability testing (IOT) with Tier 1 service providers across North
America, Europe and Asia.
"The mobile category is undergoing a tremendous amount of innovation and
constant change," said Eul. "As we look at growing it, we continue to invest in
and accelerate our efforts across all aspects of mobility with a focus on
smartphones, tablets and wireless communications. Intel`s unique assets will
enable more compelling and differentiated products and experiences, while at the
same time helping to shape and lead markets in the future."
Next-Generation 22nm Intel Atom Processor-based SoC for Tablets and 2-in-1s
Building on the progress of the Intel Atom processor Z2760, the new products
will deliver efficient, quad core processing that doubles the performance over
the previous generation, according to Eul.
The next-generation Intel Atom processor-based SoC for tablets ("Bay Trail")
provides the best balance of performance, features and battery life, he added.
Taking full advantage of the broad spectrum of capabilities enabled by Intel`s
design, microarchitecture, 22nm tri-gate transistor technology, and leading-edge
manufacturing, Intel can quickly scale up and down in performance and power
efficiency to address various market and product needs. With the new 22nm
Silvermont architecture, Intel delivers industry-leading performance with fewer
cores, allowing Intel platforms to bring to life incremental features and
capabilities.
Eul discussed Intel`s focus on enabling a richer media and content experience by
improving graphics performance. He then highlighted the tablet platform`s new
Gen 7 graphics that will offer more than three times the graphics capabilities1,
with support for DX11 for expanded PC application and game support.
The new Intel Atom processor-based platform comes equipped with hardware-based
security with McAfee Live Safe. This digital life protection suite keeps online
identity private, protects from phishing attacks and keeps data secure while
protecting the devices.
Intel`s next-generation Atom processor for tablets will provide the benefits of
both performance and productivity. Any task performed on a tablet or 2-in-1
device, from light photo editing to office productivity, becomes much faster and
more interactive. People will see increased capability and richer content and
will be able to play popular 3-D games on these sleek, battery-efficient devices
than previously possible.
Bay Trail also represents the first time Intel is offering its customers a
mobile platform solution that is flexible with regard to operating system and
the company will provide the same great Intel tablet performance and
high-resolution graphics at cost savings to consumers.
Enabling Mobile Devices with Intel Inside
Intel platform and enabling programs have been the foundation of OEM and ODM
innovation for decades. Eul said the company is currently focused on work with
leading ODMs and OEMs to speed time-to-market of leading-edge mobile devices
based on Intel technology.
Intel`s platform and ecosystem enabling efforts will be focused initially on
Intel Atom processor-based tablets running Android* and Windows*. The company is
providing pre-qualified solutions with simplified building blocks to scale
designs quickly for mature and emerging markets.
Eul said that the Taiwanese ecosystem is vital to this effort and will bring
speed, scale and exciting new innovation.
Long-Term Evolution (4G LTE)
Intel`s strategy is to deliver leading low-power, globalmodem solutions that
work across multiple bands, regions and devices.
Intel`s XMM 7160 is one of the world`s smallest and lowest-power
multimode-multiband LTE solutions. The modem supports 15 LTE bands
simultaneously, and also includes a highly configurable RF architecture running
real-time algorithms for envelope tracking and antenna tuning that enables
cost-efficient multiband configurations, extended battery life and global LTE
roaming in a single SKU.
Eul demonstrated the solution by showcasing a Bay Trail-based tablet over an LTE
network connection, and said that Intel will begin shipments of multimode data
4G LTE in the coming weeks following final IOT with Tier 1 service providers in
North America, Europe and Asia.
Intel in Smartphones and Tablets
Eul also highlighted recent momentum with the "Clover Trail+".
Jerry Shen, ASUS CEO, joined Eul on stage to showcase two innovative Intel-based
devices -- the ASUS Fonepad Note FHD 6 and the ASUS MeMO Pad FHD 10.
The ASUS Fonepad Note FHD 6 features the Intel Atom processor Z2560. It has a
display brightness rating of 450 nits so it can be used outdoors under bright
sunshine, while twin speakers with ASUS SonicMaster* technology guarantees
optimized high definition audio. In addition, the bundled stylus enables quick,
accurate input on ASUS-exclusive note-taking apps.
The ASUS MeMO Pad FHD 10 also features the Intel Atom processor Z2560 1.6GHz and
a 1920 x 1200 Full HD IPS display for vivid visuals with 178-degree wide viewing
angles. It features stereo speakers with SonicMaster audio technology, a 10-inch
screen ideal for entertainment, 1080p video playback and handheld gaming.
The ASUS MeMO Pad FHD 10 includes Intel Hyper-Threading Technology for improved
graphics performance and increased energy efficiency. The slim design has a
1.2-megapixel front-facing camera and a 5-megapixel rear-facing camera with
autofocus for impressive photos. It is just 9.5mm thick and 580g light, and its
lithium polymer battery lasts for up to 10 hours.
Intel announced that the new Samsung GALAXY Tab 3 10.1-inch is powered by the
Intel Atom processor Z2560 ("Clover Trail+"). Additionally, the new Samsung
GALAXY Tab 3 10.1-inch tablet will come equipped with Intel`s XMM 6262 3G modem
solution or Intel`s XMM 7160 4G LTE solution.
Lenovo* recently announced the general availability of the Lenovo K900
smartphone with Intel Inside. The handset, based on the Intel Atom processor
Z2580 phone chip, is now available in China and very shortly in India,
Indonesia, Malaysia, Russia, Thailand, the Philippines and Vietnam. Additional
markets will be announced in the near future. The Lenovo K900 combines powerful
performance with elegant design and user-friendly capabilities such as an
advanced camera and rich, immersive HD graphics.
Building on this, ZTE also disclosed the ZTE Grand X2 IN smartphone with Intel
Inside and the ZTE GEEK. Featuring the Intel Atom processor Z2580, the
smartphones are scheduled to be available in Europe and then China in the second
half of this year.
Looking forward, Eul highlighted Intel`s next Atom processor-based SoC for
smartphones, codenamed "Merrifield." Taking advantage of the new, versatile 22nm
Silvermont microarchitecture, Merrifield will enable a performance increase of
greater than 50 percent and will also increase battery life over
current-generation "Clover Trail+" product offerings. The platform also brings
support for contextual awareness and personal services via an integrated sensor
hub, and increased data, device and privacy protection.
About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company
designs and builds the essential technologies that serve as the foundation for
the world`s computing devices. Additional information about Intel is available
at newsroom.intel.com and blogs.intel.com.
1Compared to the Intel Atom Processor Z2760 Platform
2Based on a 30W Hour battery on 19x10 resolution on 10.1" display. Higher
resolution will require larger battery. Active use measured as 1080/30 fps local
video playback. Battery life may differ based on SKU and SoC performance.
Intel, Atom, Core and the Intel logo are trademarks of Intel Corporation in the
United States and other countries.
*Other names and brands may be claimed as the property of others.
Intel
Kathy Gill, 503-200-0681
kathy.m.gill@intel.com
Claudine Mangano, 408-887-2706
claudine.a.mangano@intel.com
Here comes downgrade
------
JPMorgan analyst Christopher Danely believes Intel's (NASDAQ: INTC) growth outlook for the second half of the year is at risk due to continued softness in PC demand. Danely noted that share gains in tablets were not enough to offset declines in PCs, and he sees downside to H2 estimates.
JPMorgan has a Neutral rating on Intel with a price target of $18.00.
For an analyst ratings summary and ratings history on Intel (NASDAQ: INTC) click here. For more ratings news on Intel click here.
Shares of Intel closed at $25.36 yesterday, with a 52 week range of $19.23-$27.75.
I don't think so. The number suggests that it is a real deal.
I know we all have talked about this for the last a few days. But to my surprise, it also has Intel 3G/4G LTE. We all were thinking that 4G LTE will not be ready till the end of the year. That is not the case, it is shipping in this Samsung product.
Is Intel phone in US is far away? Not really.
---------------------------------------
Intel(R) AtomTM Processor Z2560 and Intel XMM 7160 LTE Solution to Ship Globally in New Tablet
NEWS HIGHLIGHTS
-- New Samsung GALAXY Tab 3 10.1-inch, equipped with Intel's 3G and 4G LTE
solutions, and powered by the Intel Atom(TM) SoC ("Clover Trail+")
platform for Android* tablets.
-- Intel Atom(TM) processor Z2560 provides outstanding performance,
battery life and overall experience for Android tablet users.
-- Intel XMM 7160 is one of the world's smallestand lowest-power
multimode-multiband solutions for global LTE roaming in one SKU with
envelope tracking and antenna tuning.
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Signaling the company's continued momentum in the tablet market segment, Intel Corporation today announced that the new Samsung GALAXY Tab 3 10.1-inch is powered by the Intel(R) Atom(TM) Z2560 processor ("Clover Trail+"). Additionally, the new Samsung GALAXY Tab 3 10.1-inch tablet will come equipped with Intel's XMM 6262 3G modem solution or Intel's XMM 7160 4G LTE solution.
"Customers are selecting Intel technology because it offers the best balance of high performance, power efficiency and battery life," said Hermann Eul, Intel vice president and general manager of the company's Mobile and Communications Group. "It's ultimately about the consumer experience, and we are confident people will be pleased with what Intel Inside(R) has to offer."
Intel in Android-based Tablets
People expect more from their tablets, and the dual-core Intel Atom SoC ("Clover Trail+") platform for Android* tablets provides double the compute performance and 3x graphics capabilities with competitive battery life compared to the previous-generation Intel Atom processors platform1.
Intel Atom processors are designed and optimized for a lightning-fast applications experience, responsive Web browsing, stunning 3-D graphics, advanced camera capabilities and vivid HD video with energy efficiency for outstanding battery life.
The integrated Intel(R) Graphics Media Accelerator provides compelling and realistic 3-D gaming experiences, 1080p HD video and crystal-clear graphics. Advanced camera features including face recognition, mobile HDR and panorama help users create like never before. Additionally, Clover Trail+ offers dual-core performance along with Intel(R) Hyper-Threading Technology, supporting four simultaneous application threads for smoother, seamless multitasking.
Long-Term Evolution (4G LTE)
Intel's strategy is to deliver leading low-power, global modem solutions that work across multiple bands, regions and devices.
Intel's XMM 7160 is one of the world's smallest and lowest-power multimode-multiband LTE solutions2. The modem supports 15 LTE bands simultaneously and also includes a highly configurable RF architecture, running real-time algorithms for envelope tracking and antenna tuning, that enables cost-efficient multiband configurations, extended battery life and global LTE roaming in a single SKU. It supports multiple devices including smartphones, tablets and Ultrabooks(TM).
Intel will begin shipments of multimode data 4G LTE in the coming weeks following final interoperability testing (IOT) with Tier 1 service providers in North America, Europe and Asia.
About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world's computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.
Intel, Atom, Core, Ultrabook and the Intel logo are trademarks of Intel Corporation in the United States and other countries.
*Other names and brands may be claimed as the property of others.
1 Software and workloads used in performance tests may have been optimized for performance only on Intel microprocessors. Performance tests, such as SYSmark and MobileMark, are measured using specific computer systems, components, software, operations and functions. Any change to any of those factors may cause the results to vary. You should consult other information and performance tests to assist you in fully evaluating your contemplated purchases, including the performance of that product when combined with other products. Configurations: Compared to the Intel Atom Processor Z2460 platform; Graphics clock will vary based on SKU: Z2580, Z2560, Z2520. For more information go to http://www.intel.com/performance; 2Compared with competitive solutions shipping in market today.
<img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130604005939r1&sid=acqr4&distro=nx" />
CONTACT: Intel Corporation
Kathy Gill, 503-696-6151
kathryn.m.gill@intel.com
Source: Intel Corporation
http://www.bloomberg.com/news/2013-06-03/intel-pushes-haswell-chips-at-computex-fighting-pc-slump.html
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Intel Pushes Haswell Chips at Computex Fighting PC Slump
By Ian King & Dina Bass - Jun 3, 2013 4:25 PM PT
Intel Corp (INTC). and personal-computer makers are relying on a new power-sipping chip to restore demand to an ailing PC market reeling from consumers abandoning laptop computers for tablets.
Called Haswell, the chip design delivers 50 percent more battery life than Intel’s previous model, enabling thinner, lighter notebooks and machines that convert to tablets. PC makers including Hewlett-Packard Co. will show devices with the chip this week at Computex, the biggest annual computer event.
Enlarge image
Intel Corp. signage stands outside the company's office in Santa Clara, California. Haswell is Intel’s latest attempt to move away from producing processors that suck as much electricity as small televisions to make chips that can let laptop users watch three movies on a single battery charge. Photographer: Noah Berger/Bloomberg
As Intel enters a predicted second straight year without revenue growth, Chief Executive Officer Brian Krzanich is counting on Haswell and other energy-efficient processors in the pipeline to bolster laptop sales and win more business in tablets. By 2015, global tablet shipments are expected to eclipse PCs as consumers flock to smaller, more affordable machines, according to researcher IDC.
“For the first time there will be lower price points and new form factors that will help PCs,” said Tristan Gerra, an analyst at Robert W Baird & Co. in San Francisco. “In notebooks, Haswell is the first laptop chip that’s going to provide enough battery life.”
Haswell is Intel’s latest attempt to move away from producing processors that suck as much electricity as small televisions to make chips that can let laptop users watch three movies on a single battery charge. Devices on display at Computex in Taipei will highlight the chip’s ability to blur the lines between tablets and laptops, allowing transformable machines with detachable touch screens and keypads.
‘Tablet Demand’
“We are all in on Haswell,” said Ron Coughlin, senior vice president for consumer PCs and solutions at Hewlett-Packard. “We know the convertible area can pick up some of the tablet demand.”
Apple Inc. will include Haswell in the MacBook, according to people familiar with the plans, who asked not to be named because the information isn’t public. Acer Inc. used the processor in its Aspire 57 laptop, featured at Computex.
Haswell is the first generation of chips that “can achieve balance between high performance and very low power consumption,” Acer President Jim Wong said in an interview.
Even with some manufacturers lining up behind Haswell, Intel may struggle to overcome the surge of consumers abandoning PCs for tablets and smartphones as they increasingly choose to surf the Web, watch video and complete basic computing tasks on handheld machines.
Mobile Chips
Tablet shipments are projected to grow 45 percent from this year to reach 332.4 million in 2015, compared with an estimated 322.7 million for PCs, according to Framingham, Massachusetts-based IDC. PC shipments may decline 7.8 percent this year, the worst annual drop on record, the researcher said.
In mobile chips, Santa Clara, California-based Intel is playing catchup to Qualcomm Inc. (QCOM), the market leader.
Intel rose the most since 2011 yesterday after Christopher Rolland, an analyst at FBR Capital Markets, upgraded the shares to outperform, saying mobile technology gives the chipmaker “new avenues of growth.” The stock has rallied 22 percent this year, compared with a 15 percent gain for the Standard & Poor’s 500 Index.
More than 20 tablets coming to market this year, including Samsung Electronics Co.’s Galaxy Tab 10.1, will use Intel processors, said Bill Calder, a company spokesman.
‘Massive Reduction’
From the start, Haswell was designed with mobility in mind. Intel streamlined manufacturing for this chip and built it to maximize power gating, a technique that turns off transistors that aren’t in use and revives them only when needed. With on-chip power management and voltage regulation, Haswell has 20 times the energy efficiency in standby mode that Intel achieved with a processor released two years ago.
“The massive reduction in power does not come at the expense of compromised performance,” said Rani Borkar, a vice president of Intel’s architecture group.
While Haswell will bring mainstream laptops closer to tablet performance in terms of battery life and thinness, Intel is also readying the Silvermont mobile processor design to go directly into smartphones and handheld machines. Silvermont will deliver three times the performance and is as much as five times more power-efficient than its predecessor, Intel said May 6. Tablets built around it will appear in the second half of the year.
Tablet Share
“The place where we need to look for Intel to be better is irons in the fire in tablets and the ability to deliver a best-in-class experience,” said Doug Freedman, an analyst at RBC Capital Markets in San Francisco. He has an outperform rating on the company’s shares. “They’ve suffered through the cannibalization of the high-end notebook.”
Intel, whose processors run about 80 percent of the world’s personal computers, has less than 1 percent of the market for smartphone and tablet processors, according to research by Sanford C. Bernstein & Co.
To expand its reach in tablets, Intel plans to introduce versions of Silvermont for Google Inc.’s Android operating system and Microsoft Corp.’s Windows 8 software at the same time. That may help Intel reach more consumers who are unwilling to buy laptops that do more than they need, according to Patrick Wang, an analyst at Evercore Partners Inc.
‘Smaller, Streamlined’
“Consumers aren’t buying the big, expensive ones, they’re buying the smaller, streamlined ones,” Wang said. “You can’t undo the influence of the tablet.”
Notebook shipments from the five largest contract manufacturers may decline 18 percent in the second quarter from a year earlier, according to an estimate from Chris Caso, an analyst at Susquehanna Financial Group. That comes on top of a 12 percent drop in the prior three-month period.
With Haswell, Intel has an opportunity to reverse this trend if the company also considers lowering its prices, Caso wrote in a research report.
“Haswell will undoubtedly offer better battery life and even thinner form factors, which will make for more attractive devices,” Caso said. “The main issue is system price points, and we don’t think Haswell will address this issue, since our checks suggest Intel isn’t budging.”
Intel may also have to wait until next year to see a measurable benefit from the new chips, said Gerra. Many products with Haswell won’t appear until later this year, and even then, Intel’s fortunes remain tied to the success of the PC market.
“The risk to our thesis is that it takes another year for the PC to rebound,” Gerra said.
Intel Shrinks its Chips, Not Its Mobile Ambitions
JUNE 3, 2013 AT 10:10 PM PT
Perrenially seeking to make deeper inroads in the phone and tablet business, Intel plans to show off a couple things on Tuesday that show its progress in the mobile business.
On the phone front, Intel is expected to show a reference design using the company’s Merrifield processor, based on a thin 22-nanometer chipmaking process and a tri-gate architecture known as Silvermont. Although Intel will hold it up and show a working model, the underlying silicon won’t reach customers until late this year or early 2014.
More on the near-term front, Intel will show a tablet running Intel’s first LTE chip capable of handling multiple bands simultaneously. That technology, paired with the company’s Bay Trail processors will be shipping to customers within a few weeks.
Meanwhile, on Monday, Samsung announced that an Intel chip would power the new 10-inch Galaxy Tab 3–one of Intel’s most significant design wins to date.
The company has also powered a smattering of devices from Motorola and Lenovo as well as provided chips for a number of carrier branded devices and phones from lesser-known providers, such as India’s Lava.
Intel has promised continued progress on the mobile front, while rivals say it doesn’t have the skills needed to parlay its PC success into a significant position on phones and tablets.
http://allthingsd.com/20130603/intel-shrinks-its-chips-not-its-mobile-ambitions/
FBR full article
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Intel: FBR, Benchmark Cheer Tablet, Server Prospects
By Tiernan Ray
The Street today offers a couple of endorsements of Intel (INTC) on multiple fronts, but especially as regards the battle with ARM Holdings (ARMH) and its licensees, such as Qualcomm (QCOM), Nvidia (NVDA), Broadcom (BRCM).
Intel shares today are up 92 cents, or 3.8%, at $25.20, while shares of ARM are down $1.52, or 3.5%, at $42.36.
FBR Capital’s Christopher Rolland raised his rating on Intel to Outperform from Market Perform, and raised his price target to $28 from $26, in part because he believes licensees of ARM’s technology will only take away perhaps as much as 10% of Intel’s server microprocessor market share.
In a note reviewing the world of the “microserver,” more power-efficient machines with highly integrated “system-on-chip” processors, Rolland, who is hosting a conference call with clients this morning, details how the ARM camp may take share in servers:
Borrowing technology from some of the world’s most powerful supercomputers, microservers attempt to deliver a step function in performance and delivery per dollar for some of the largest Web companies in the world. The proliferation of Web-enabled devices, smartphones, and tablets is driving massive increases in smaller, more transactional workloads, and thought leaders like Google, Amazon, Facebook, and others are demanding more accommodating hardware. In response to these demands, new server silicon players are rising to the challenge and driving innovation. Starting in early 2014, the undisputed server king Intel will face an ARMy of challengers, which we believe will capture more than 10% of the total server market by 2018, accounting for more than $1.3 billion in annual revenue.
However, in his dedicated note on Intel, Rolland brushes aside concerns about Intel, writing that “we acknowledge the challenges ahead for Intel in the PC market, but now believe the company has added more than enough new avenues of growth to replace lost PC units.”
Rolland believes that Intel will cede share in micro servers, but he also thinks that the company has some formidable potential parts ahead, with the help of its “Silvermont” CPU architecture that was recently unveiled for mobile computing:
ARM-based server SoC will get off to a slow start and even by 2018, we only expect Intel to lose 10% share, more than replaced by overall server growth. Despite ceding 10% share in servers, we estimate that overall server growth is still expected to allow Intel to grow units at a mid-single-digit CAGR for 2013–2014 […] The highest-performing Centerton SoC, the S1260, operates at 2.0 GHz and at an 8.5-watt TDP. In a benchmarked comparison provided by Anandtech.com between the Atom N2800 (closest chip to Centerton) and Calxeda’s ECX-1000, the two chips performed on par. However, Intel’s chip was an 8.5-watt TDP versus Calxeda’s 5-watt TDP, and the Atom SoC did not include integrated management and networking. So according to Anand, “The current A9-based Calxeda EC 1.4 GHz is about 40% faster and consumes half the power of the Atom S1260.” Therefore, it is not unreasonable to assume that the performance per watt ratio of the Calxeda SoC will be up to three times better. Avoton, built on Silvermont, a quantum leap forward. Avoton will be based on the Silvermont architecture and will integrate a 1 GbE controller on die. Improvements to the Silvermont core over the prior Bonnell core launched in 2008 include “out of order execution,” 22 nm process technology, and vastly superior power efficiency owing to Intel’s 3-D Tri-Gate manufacturing process (Tri-Gate is only currently available for Ivy Bridge and not Atom).While still well below many of the high- bandwidth ARM counterparts, we believe it is a sign of things to come. Avoton will also have 16 lanes of PCIe 2.0, out of order processing, and up to eight CPU cores with speeds up to 2.8 GHz at a 15- watt TDP. It should also be noted that Intel will ship a follow-on microserver SoC just a year later at 14 nm in the Airmont architecture as Atom falls into Intel’s traditional tick-tock model.
Moreover, as networking “collides” with computing, Intel has a chance to offer chips that are a “game changer,” Rolland thinks, having bought startup Fulcrum Microsystems, and key assets from QLogic (QLGC), and Cray (CRAY):
Advanced Micro Devices’ (AMD) purchase of SeaMicro and three Intel acquisitions with various switching assets highlights a growing trend among those in the computing market: the need for robust networking and fabric capabilities […] Over the next two years, we expect [Intel] to launch a top-of-rack switch code-named “Red Rock Canyon” that may for the first time offer a Xeon server processor with integrated 10 Gb Ethernet switch silicon on die. Intel has made a series of various interconnect acquisitions: Fulcrum Micro, QLogic’s InfiniBand assets, and Cray’s supercomputing fabric, all of which we understand Intel expects to integrate “on CPU.” While this transition may be slow at first, make no mistake about it, Intel is moving into networking.
In a similarly positive vein, The Benchmark Company’s Gary Mobley, reiterating a Hold rating on ARM shares, writes that Intel is making inroads in ARM’s partners’ mobile franchise, citing the announcement this morning by Samsung Electronics (005930KS) that it will offer a 101.-inch “Galaxy Tab” tablet computer running Google‘s (GOOG) Android on top of a 1.6-gigahertz Intel part.
Writes Mobley,
The news Intel has finally landed a tier-one tablet design win could take a bite out of ARM’s share price, a stock that trades at 43.0x fwd-12-month non-GAAP EPS estimates (consensus). The Samsung announcement confirms earlier reports from Reuters last week and Android.OS a few weeks which both speculated on such a design win for Intel. Since those reports from began to surface over the past 11 days, ARM’s share price has declined approximately 12%. Samsung’s decision to begin using Intel in a marquee Android device is a coup for the U.S. chipmaker as it races to establish itself in a mobile market it was slow initially to recognize and invest in […] To put things into perspective, application processors used in tablet PCs should represent only 2%-3% of ARM’s PD (Processor Division) royalty units during 2013. However, the royalty rate per unit ARM fetches from tablet processors is 5.0x-6.0x that of the corporate average, meaning tablet- related (tablet processor only) royalty revenue represents approximately 10%-15% of ARM PD revenue, or 5%-10% of total revenue.
Another upgrade-this time from Wells Fargo
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INTC: Expect Desktop, Server ‘Haswell’ Debut This Week, Says Wells
By Tiernan Ray
TAGS
ANDROID
CHIPS
HASWELL
LAPTOP
MOBILE
NOTEBOOK
PC
SEMICONDUCTOR
SERVER
TABLET
Yet another bull on Intel (INTC) offers up his thoughts today about the company’s outlook: Wells Fargo‘s David Wong pens a brief item about what to expect from an official debut tomorrow of the “Haswell” family of notebook, desktop and server parts, which may take place at the Computex computer conference going on in Taipei, Taiwan.
Wong, who has an Outperform rating on Intel shares, and a $28 to $33 “valuation range,” thinks a formal announcement at the show will this week, perhaps tomorrow. He notes that while there’s been no official press release, “Intel has updated its ARK website with 37 ‘launched’ Haswell products (16 desktop products, 8 mobile products, and 13 Denlow 1-way server products).”
Wong expects to see announcements of products in various categories using Haswell, and also some tablet computers running Google‘s (GOOG) Android OS on top of Intel’s “Clover Trail+” family of mobile processors. Note that Samsung Electronics (005930KS) this morning announced tablets with Intel chips.
Haswell chips have gotten some good early benchmarks, notes Wong, but he thinks it won’t be till September that the parts spread to lower-power mobile devices:
Much as we expected, Intel’s first Haswell chips are desktop, 1-way server, and high end quad-core notebook processors. We suspect that Intel will not be launching lower power Haswell chips for Ultrabooks and tablets at Computex. We expect Ultrabooks using lower power 15W Haswell chips to ramp in the September 2013 quarter and tablets as well as Ultrabook/tablet convertibles using the new very low power 10W Haswell chips to become available in the December 2013 quarter. A review article on the website Anandtech highlighted, appropriately we think, that Haswell offers a modest improvement in CPU performance and an improvement in power consumption and performance/watt. According to Anandtech’s review of the Core i7-4770K and Core i5-4670K, idle power consumption for Haswell was approximately 10 watts less than Ivy Bridge. Anandtech found that under heavy loads, Haswell consumed more power than Ivy Bridge, but Haswell also completed the benchmark faster, indicating performance/watt gains.
Shares of Intel are up 83 cents, or 3.4%, at $25.11.
Previously: Intel: FBR, Benchmark Cheer Tablet, Server Prospects, June 3rd, 2013.
Here is what some of us were looking for yesterday-Barron's article
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ntel (Nasdaq: INTC) is higher on the session Monday amid an upgrade at FBR Capital earlier (here) and positive mention in Barron's over the weekend.
Though lagging the S&P 500 over the last one-, three-, and five-year time frames, shares are outpacing expectations this year and some see the stock doubling within the next five years. Most suspect that gains will come as the Company gets a more-solid footing in the mobile market like smartphones and tablets.
Right now, about 67 percent of Intel's profits come from the ebbing PC segment. The Company has 80 percent market share in PC chips and 87 percent for laptop chips.
For mobile devices, most are run on ARM Holdings (Nasdaq: ARMH)-based chips from Samsung and Qualcomm (Nasdaq; QCOM).
Spending for Intel has ramped recently, which might cause near-term pain for investors. The Company is expected to spending about seven-times more than Qualcomm on research and development activities. Earnings in FY13 are expected to slip about 12 percent to $1.87.
This year, Intel is expectd to launch an Atom line of chips with 22-nanometer (nm) architecture, moving to 14-nm next year. ARM-based chips will still be at 28-nm by then. The smaller number equates to the space between lines; a smaller number provides for faster processing speeds, lower power consumption, or both.
Investors shouldn't jump to the conclusion that Intel moving further into mobile with spike numbers by that much. Barron's noted that, while desktop chips go for about $100 each and enterprise are around $600, chips used in mobile devices only sell for about $30 or less.
But, increased data from the slew of new mobile devices will call for an upgrade to server performance, with newer chips to boot. Intel has said that every 122 new tablets requires one new server, which uses two chips or more. The Company's server revenue is about one-fifth of the total and one Wells Fargo analyst sees the segment growing in the mid-teens percentage over the next few years.
On PCs, shipments are expected to drop 7.8 percent this year, flattening to 1.2 percent next year, according to IDC. Wells sees PC chip revs rising in the low-single-digit range, while laptop chips could see double-digit revenue gains.
Last, Intel's $12 billion of CapEx should help it cut manufacturing costs while helping it to win new business. The Company has inked deals with Microsemi (Nasdaq: MSCC) and Altera (Nasdaq: ALTR), and could potentially land a contract with Apple (Nasdaq: AAPL) as Apple tries to move away from Samsung.
Given that expectations for earnings of $3 per share by the end of the decade, applying a modest 15 times multiple results in a share price of $45. Adding in dividend over the next five years and that price moves to $50.
Intel is up 3.8 percent on the session.
News Provided by Acquire Media Corporation
What I thought was most important-it is just the tip of the iceberg.
This news is already known by most of us.
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his morning it was reported that an upcoming Galaxy Tablet by Samsung will feature a processor built by Intel (Nasdaq: INTC). The win is a blow to ARM Holdings plc (Nasdaq: ARMH), which usually powers Android devices.
The news is providing bulls with new ammunition, and some say this could be the tip of the iceberg for Intel's growing mobile presence. Checks by RBC suggest further traction in mobile is on the way, a realization that could catch many investors by surprise.
Commenting, analyst Doug Freedman said, "The data point is in support of our thesis that Intel's mobile presence, which is currently being discounted in the marketplace, will become increasing visible on 32nm Clover Trail+, ahead of its move to leading-edge 14nm in 2014. We highlight this is particularly encouraging given that we expect Bay Trail 22nm to be more significant than Clover Trail+ based on its performance lead."
"Even marginal upside from handset revenues should push the applied multiple higher, as it shows that Intel's bet on x86 against ARM is finally making in-roads," added the analyst.
RBC has an Outperform rating on Intel with a price target of $29.
For an analyst ratings summary and ratings history on Intel (Nasdaq: INTC) click here. For more ratings news on Intel click here.
Shares of Intel closed at $24.21 yesterday, with a 52 week range of $19.23-$27.75.
News Provided by Acquire Media Corporation
This news that we all knew here.
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his morning it was reported that an upcoming Galaxy Tablet by Samsung will feature a processor built by Intel (Nasdaq: INTC). The win is a blow to ARM Holdings plc (Nasdaq: ARMH), which usually powers Android devices.
The news is providing bulls with new ammunition, and some say this could be the tip of the iceberg for Intel's growing mobile presence. Checks by RBC suggest further traction in mobile is on the way, a realization that could catch many investors by surprise.
Commenting, analyst Doug Freedman said, "The data point is in support of our thesis that Intel's mobile presence, which is currently being discounted in the marketplace, will become increasing visible on 32nm Clover Trail+, ahead of its move to leading-edge 14nm in 2014. We highlight this is particularly encouraging given that we expect Bay Trail 22nm to be more significant than Clover Trail+ based on its performance lead."
"Even marginal upside from handset revenues should push the applied multiple higher, as it shows that Intel's bet on x86 against ARM is finally making in-roads," added the analyst.
RBC has an Outperform rating on Intel with a price target of $29.
For an analyst ratings summary and ratings history on Intel (Nasdaq: INTC) click here. For more ratings news on Intel click here.
Shares of Intel closed at $24.21 yesterday, with a 52 week range of $19.23-$27.75.
News Provided by Acquire Media Corporation
If Moto phones don't use Intel processor, the market will see this as a big disappointment. Intel just got a great win from Samsung for Galaxy tablet. With all the positives announcements about Haswell and Silvermoont Atoms and Samsung win, it will reinforce that Intel may get some tablets designs but not phones design wins.
Tablets volume with out Kindle/Apple and Google are relative very small compare to phones volume.
Hopefully I am wrong.
These articles don't describe whose processors it will use. Hopefully Intel makes it. Originally Moto has indicated that it will work with Intel.
Exactly. To compare latest AMD with Clovertail is comparing apples and oranges. It is unfair. The truth is that Intel still has its chip in products and AMD is no where to be seen.