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We all like this news if true. Officially Samsung has not announced the product.
If Samsung is willing to use Intel app processor, then every one else definitely will use it. The concern I have is what happens to Samsung foundry business going forward. It will crumble when eventually Intel is in smart phones. That day is not far away.
Samsung is loosing Apple business and now its own chip business, it will become extremely hard to keep on pouring big $ in foundry business. Not that I care if Samsung gets out of foundry business. It is very good for Intel in long run.
I also know Samsung makes a ton of every thing else-TVs, PCs, washing machines, dryers, refrigerators, air conditioners and heavy equipment like CAT. Smart phones/tablets may be very small part of its chip business.
But it has no choice if Intel processors are far betters than every one else.
It is all hind sight now. Apple probably asked Intel to make a custom chip.
Yes, it was true that Intel design cycle for new architecture was too long but at the moment, both ATOM and Core can be customized quite fast by adding certain IP required by customers.
I did not read that Intel was asked to make ARM chips. It was probably ATOM at much lower price.
I was shocked to read that. It was a big mistake on part of Intel.
But it is difficult to argue with data when it clearly states that it will be difficult to make money.
You are correct that he admitted mistake on part of Intel's management. It was not his fault.
I am sure Apple is really upset with Intel on this especially in light of what is happening with apple's relationship with Samsung.
Hopefully, it works for all of you. I was able to listen to Stacy.
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DateLine: May 16 (Reuters) - Stacy Smith, Intel CFO, speaks to CNBC's Jon Fortt about business as PCs fall on hard times. "We have unmatched assets to make the best devices," he says. Time/Date: 17:30 GMT - Thu, 16 May 2013 Title: Intel CFO: 'Highest-Powered Products at Lowest Cost' Source: CNBC Description: Stacy Smith, Intel CFO, speaks to CNBC's Jon Fortt about business as PCs fall on hard times. "We have unmatched assets to make the best devices," he says. View Show: http://insider.thomsonreuters.com/link.html?cn=share&cid=1077208&shareToken=MzU0Mzk6MWM4MmVhNTMtYWQ2NC00MTIzLTk1ODQtYjBlM2FjNTU2ZDY1&playerName=ReutersNews
Part of what BK said today
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SAN FRANCISCO, May 16 (Reuters) - Intel Corp's new CEO Brian Krzanich said on Thursday that under his leadership the top chipmaker will be more responsive to customers in an intensified focus on the fast-growing smartphone and tablet market where it lags its rivals.
Krzanich took over as chief executive at Intel's annual shareholders meeting, replacing Paul Otellini, who in November unexpectedly announced his plan to retire. Under Otellini, Intel has been sidelined in smartphones and tablets while demand for its PC processors is on the wane.
"Yes, we missed it, we were slow to tablets and some of the mobile computing. We do believe we have a good base," Krzanich told shareholders at an annual meeting.
Krzanich, a 30-year Intel veteran who made his name running Intel's cutting-edge manufacturing plants, said he and software honcho Renee James, who the board elevated to president, have already started meeting with manufacturing customers.
"They're all showing us - here's where the market's moving and here's where we need Intel to move," Krzanich said. "We're going to make adjustments in our architecture and our product choices."
Intel for decades has called the shots in the personal computer industry but it was slow to react to the explosion of smartphones and tablets, markets now dominated by competitors like Qualcomm and Samsung Electronics , which design their chips using architecture licensed from ARM Holdings Plc .
Intel's strength has traditionally come from its manufacturing prowess, and Krzanich's promotion is seen as confirmation by the board that the company's multibillion-dollar network of cutting-edge factories still holds the key to success.
James' promotion underscores a belief in Intel that software and other related services are also important ingredients.
"I think the emphasis is important," Chief Financial Officer Stacy Smith said of Krzanich's remarks.
"A focus on the end-customer, a focus on execution and a really strong focus on the ultra-mobile segment of the business. That's pretty important," Smith told Reuters.
Last week, Intel unveiled the most extensive overhaul to date of its Atom mobile processors that underpin its push into smartphones and tablets.
Intel's processors have been used in a handful of smartphones in Asia, Africa and Europe but the company has yet to release Long Term Evolution, or LTE, a high-speed wireless technology already offered by Qualcomm and increasingly found in smartphones launched in the United States, including Apple's iPhone and Samsung's Galaxy line.
Mobile phones are introduced at much faster pace. This phone in Q213 and with Merrifield in Q2014.
It will tell the mobile phone communities about Intel progress and how serious Intel is about this business.
I think it is very good thing.
This article is contrary to what Bernestein's analysts were talking.
This person is well known in the industry. I will value his opinion over any one else.
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Intel ‘Immune’ to Challenges of Moore’s Law, Says Microprocessor Report
By Tiernan Ray
Microprocessor Report‘s Linley Gwennap today pens in interesting editorial about what he has coined “Moore’s Mountain,” the prospect that “haves and have nots” face different fates as they try to pursue semiconductor production along Moore‘s Law, the rule of thumb that transistor density of chips doubles roughly every two years.
Moore’s Law is not running out of steam, writes Gwennap, but the increasing cost of producing smaller and smaller transistors faces some companies such as Taiwan Semiconductor Manufacturing (TSM) with challenging investments. As a result, what is being branded as transistors of smaller sizes actually produces chips that are no more dense in terms of actual transistor count:
After a fairly routine shrink from 40nm LP to 28nm LP, TSMC and other foundries rolled out high-k metal-gate (HKMG) technology, which greatly reduces leakage power. The HKMG process is more expensive than the standard 28nm version, but both have the same transistor density. At 20nm, HKMG becomes mandatory, because otherwise, the leakage of the tiny gates would be overwhelming. Double patterning is also needed at this node, adding more cost. FinFETs, another technology to reduce power, compound the cost problem. TSMC is adding FinFETs to its 20nm process and calling it 16nm FF, but the transistor density remains unchanged (see MPR 4/29/13, “Foundries Stretch for FinFETs”). Other foundries have a similar plan for their first-generation FinFETs. […] the bottom line is that wafer cost will more than double between 28nm LP and 16nm FF, but the transistor density will only double. Thus, the cost per transistor will increase during this transition. During previous generations, wafer costs have risen gradually while transistor counts have doubled every two years (the definition of Moore’s Law). These trends have created a tremendous reduction in the cost per transistor over the past 40 years, leading to chips integrating hundreds of millions of transistors but selling for less than $10.
Gwennap thinks companies making top-tier devices, such as Nvidia (NVDA), Broadcom (BRCM), and Qualcomm (QCOM), will be able to pass along the higher costs of more expensive transistors, while those selling into markets for cheaper devices may not be able to afford the most expensive process technology.
Gwennap sees Intel (INTC) as well-positioned to use its process technology advantage to deliver on Moore’s Law and, hence, scale Moore’s Mountain:
Intel seems immune to the troubles that the foundries are facing. It has been shipping PC and server processors built in its 22nm FinFET process since last year and plans to begin production using its 14nm FinFET process by the end of this year. The company’s massive investment in process development lets it move nimbly from node to node, outpacing TSMC and others. Intel has consistently doubled transistor density at each node, but it doesn’t discuss its wafer costs. The bulk of its chip revenue comes from high-margin PC and server processors, so manufacturing cost is less critical than the value each new process brings.
Gwennap’s essay is something of a contrast to a note put out today by analysts at Bernstein Research, who claim that a broad shift to lower-priced devices will pressure the company’s cash flow as it invests in the most advanced process technology.
http://blogs.barrons.com/techtraderdaily/2013/05/13/intel-immune-to-challenges-of-moores-law-says-microprocessor-report/
But it is working for him today and opportunity for any of us to get into Intel if interested.
AMD shorts are getting squeezed and stock well above $4.00.
This May is different. So far it is not working.
Intel is ready today as it provides the reference designs. I think Telco companies want to have their own devices. That is why Intel is doing that.
If some where along the lines, Intel sees these efforts not bring right rewards, Intel will not hesitate to bring its own devices.
I hope it does not happen that way as you still need the blessings of these Telco companies.
You are correct. Don't fall for his trap. He does this purposely.
It appears that momentum is shifting in Intel favor.
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Intel: Wells, MKM See PC, Tablet Upside; Resist Urge to Take Profits
By Tiernan Ray
The bulls on Intel (INTC) are out in force today.
In addition to a note this morning from B. Riley & Co.’s Craig Ellis cheering the appointment of COO Brian Krzanich as the company’s new CEO, and also cheering the formal unveiling of the company’s new “Silvermont” technology for mobile, the stock gets a thumbs up today from Daniel Berenbaum of MKM Partners, and from David Wong of Wells Fargo.
Wong, who has an Outperform rating on the shares, and a $28 to $33 “valuation range,” reiterates a theme he explored a week ago, the prospect that the PC market is actually healthier than the Street is currently expecting.
Wong likes the prospects for a doubling of the Atom line of mobile chips’ performance with Silvermont, relative to its predecessor, “Saltwell.”
Wong sees a big increase in Intel tablet processor share in the coming two years:
Over the next two years we think Intel will grow its tablet market share significantly by entering the Android tablet processor market in Q2 2013, enabling a high end tablet market with notebook class processors that have appropriately low energy consumption (Ivy Bridge Y–Q2 2013, Haswell-Y–Q4 2013, Broadwell–2014), and pulling ahead of ARM-based competitive chips with moves to 22nm (Q4 2013) and then 14nm (2014). Our numbers suggest that Intel had about 1% tablet processor market share in 2012. Given ramping Windows 8 tablet sales and Intel’s entry into Android tables in 2013, we think that Intel’s tablet processor unit share could grow to 5-10% of the total tablet processor market in 2013 and possible rise from this range in 2014.
MKM’s Berenbaum, who has a Buy rating, raises his price target to $28 from $24, writing that the “inclination to take profits after its recent run” is understandable — the stock is up 16% this year, outperforming the Nasdaq Composite’s 12% run — he thinks the stock can appreciate on multiple expansion alone.
Berenbaum sees cheap valuation and the prospect of a greater progress with Intel’s “Haswell” processors for PCs adding fuel to the shares:
First, macro factors are likely to continue to drive investors toward large-cap tech, where reasonable valuation and high dividend yields provide support. Second, new PC form factors (e.g., sub-$600 touch-enabled ultrabooks with all-day battery life) enabled by INTC’s new Haswell CPUs will likely help drive PC sales in 2H (against easy comps) – and, although this is far from a sure thing, we see a good chance that these new form factors will help short-circuit the bear argument that “the PC is dead.” Lastly, we maintain our view that, over the long term, INTC will be able to monetize its technology and manufacturing advantage through its own products in mobility, PCs, servers, and communications infrastructure, as well as through providing foundry services for non-competitors.
Intel shares today are up 12 cents, or half a percent, at $24.03.
http://blogs.barrons.com/techtraderdaily/2013/05/07/intel-wells-mkm-see-pc-tablet-upside-resist-urge-to-take-profits/?mod=BOLBlog
They had already made up their mind before the presentation. This is the way it has been for years since Intel missed the so called mobile train. And nothing will ever change, unfortunately.
Intel gives them Silvermont and analysts want Airmont. Never satisfied, in my opinion.
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Intel: RBC Ups to Buy, Topeka Starts at Buy, on Margins, Mobile
By Tiernan Ray
Shares of Intel (INTC) today are down 6 cents at $23.90 despite a couple of positive notes from the Street.
RBC Capital‘s Doug Freedman raised his rating on the shares to Outperform from Sector Perform, and raised his price target to $29 from $24, writing that the company’s gross margin is likely to improve from here, and given the lousy sentiment about PCs may have simply grown to negative to sustain itself at this point.
Freedman sees Intel’s gross margin coming in ahead of expectations later this year, as start-up costs for its “Haswell” chip architecture become less onerous:
We do believe that due to the roll-off of start-up costs and bonus back of inventories, gross margins can move higher with limited revenue growth in 2HCY13. As a result, our gross margin assumption for 2013 of 60.7% is higher vs. Street at 59.2% (despite our revenues estimate of $53.49bil being lower than Street’s $55.55bil).
Freedman also thinks that a wave of product designs may finally grant the company a better position in smartphones and tablets versus chips from licensees of ARM Holdings (ARMH) such as Qualcomm (QCOM), Nvidia (NVDA), and Broadcom (BRCM):
Our checks suggest that traction in mobile is upcoming, as we believe the magnitude of design wins are expected to be surprising to investors. We feel that even ahead of a more compelling leading-edge 14nm line-up in 2014, Intel is today receiving a lot of interest from OEMs. There has been chatter from the handset ecosystem suggesting that the 2014 Intel platform may be their best yet. We find this is especially encouraging given that the expectation on Intel’s success in Ultramobile is very low. Even marginal upside from handset revenues would push the applied multiple higher, as it shows that Intel’s bet on x86 against ARM finally would make in-roads (albeit small initially with accelerated 2014 ramp). Recall that today Intel is shipping LTE basebands and is expected to ship LTE multi-mode voice and data baseband solutions by year-end. On the CPU-side, its 32nm dual-core Clover Trail+ is gaining increasing momentum on improving GPU performance. Its newer HSPA+ platform reference design around Clover Trail+ is a positive step forward for the company as the nextleg up will be LTE.
Also, Freedman thinks the appointment last Thursday of 31-year veteran Brian Krzanich, currently COO, to replace Paul Otellini as CEO on May 16th, may produce more change than people think, despite his being a long-time insider:
We believe the selection of an insider should NOT be misconstrued with the thought that Intel does not intend to deviate from its current vision. Our view is Krzanich’s appointment was awarded as a result of changes in the future direction of the company, with these changes expected to become visible over the next few quarters. We suspect part of this vision could be a shift away from being the sole source of innovation toward assisting their customers with innovation efforts. And this ambition would be likely supported by using software as an enabler for not only driving adoption, but also profitability.
The stock also got an initiation of coverage today from Suji De Silva of Topeka Capital Markets, with a Buy rating and a $28 price target, writing that the PC market may “normalize” as new products with touch capabilities come to market.
In a brief phone conversation this afternoon, De Silva tells me, “Haswell is a very real effort for them, and a part of the story that is being under-appreciated.” Haswell is intended to dramatically improve the power efficiency of Intel’s X86 processors compared to ARM-based chips, especially for mobile devices.
De Silva thinks that at this point, the sluggishness of Windows-based PCs is a matter of consumers waiting for better product.
“People are just getting used to Windows 8, you have to get used to the new feel” of the software, he tells me. “I think that Haswell will mandate touch capabilities for ultrabooks, and other devices, and Windows is clearly designed for touch,” says De Silva, referring to the ultrabook specification Intel assigns laptop makers and developers of hybrids that incorporate notebook and tablet capabilities.
“The tablet phenomenon has been in the marketplace for quite a while now,” observes De Silva. “At this point, it’s not the marginal buyer who’s opting for a tablet, rather, people are stalling until the notebook gets to the form factor it should be.”
In related Intel news, the company today hosted a webcast to discuss “Silvermount,” the new CPU “core” for its “Atom” line of low-power mobile processors. Patrick Wang of Evercore Partners, who has an Equal Weight rating on the shares, reflecting on that announcement, writes that Silvermount is important for Intel to be more competitive with ARM’s technology:
“Silvermont (22nm) will launch in 2013 and Airmont (14nm) in 2014. We’re constructive on Silvermont as it finally adopts Out of Order (OoO) execution, a key weakness of current Atom cores (Saltwell). Silvermont will be found in SOCs for tablet (Bay Trail), handset (Merrifield), comms (Rangeley), and server (Avoton) … helping close the gap with ARM: It’s unclear at this point how Silvermont will perform against ARM’s Cortex-A15. That said, it’s more important to see how it stacks up against Apple’s new SOC (A7) and Qualcomm’s Krait CPU. We think Silvermont gets closer, but our focus remains on Airmont.
http://blogs.barrons.com/techtraderdaily/2013/05/06/intel-rbc-ups-to-buy-topeka-starts-at-buy-on-margins-mobile/
Who cares? I am surprised that Bloomberg is giving Hector so much importance.
None of them do. They have already made their mind that what ever Intel is doing is wrong and it will be not relevant player any more.
same news with comments from analysts and others
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Intel Names COO Krzanich CEO: Staying the Course, Says Street
By Tiernan Ray
The Street is giving its instantaneous analysis of Intel's (INTC) announcement this morning Brian Krzanich, its chief operating officer, will replace Paul Otellini as CEO when Otellini retires this month. Krzanich's official start date is May 16th, the date of Intel's annual shareholder meeting.
Intel shares today are unchanged at $23.99 following the news, but has traded down for a good chunk of the morning.
Krzanich's appointment follows months of speculation about whether Intel would look inside or outside for a new chief, and whether the strategy would be to stay the course or make a radical departure. As a 31-year veteran of Intel, similar to Otellini's long tenure with the chip maker, Krzanich represents someone with deep background on Intel's operations, in particular its semiconductor process technology.
Intel chairman Andy Bryant remarked of Krzanich that “His track record of execution and strategic leadership, combined with his open-minded approach to problem solving has earned him the respect of employees, customers and partners worldwide.”
“He has the right combination of knowledge, depth and experience to lead the company during this period of rapid technology and industry change.”
I spoke with Intel chairman Bryant a short while ago. Bryant noted that in the appeals to the board of directors, Krzanich and Intel software and services head Renee James had actually teamed up to offer a combined vision for Intel, and that vision swayed the board. Krzanich won out against James based on his substantial experience with Intel, said Bryant. Bryant said he was not yet at liberty to disclose what the vision was. He said those who think Krzanich's familiarity with Intel's chip manufacturing signals a deeper push into the contract foundry business “are overstating the case a bit,” though he added that he has always thought Intel should do more foundry work than it has. When asked how Krzanich's tenure may be different from Otellini's, Bryant pointed out that with each new CEO over the years, Intel has invented new markets for its chips, but now it may be time for Intel to listen to the market.
With Grove, we got the PC. With [Craig] Barrett, we got communications, especially WiFi [Intel's Centreno initiative]. With Paul, we got servers. The market had been mainframes and Paul really created that [X86] server market. Intel has always created a market for itself. That's been one of its strengths. I'm hoping with Brian it will likewise open up some new markets. We're hoping now to have a little more outside-in thinking, to hear what the market is saying.
The bears on Intel stock, who are in the majority these days, have been the swiftest out of the gate so far. They opine that while Krzanich may take Intel deeper into the business of being a contract chip manufacturer for third parties, essentially, his appointment means the company is staying the course with its market strategy to date. Some worry that won't be enough to combate ARM Holdings (ARMH) and the many licensees of its chips.
Christopher Danely, J.P. Morgan: Rates Intel shares Neutral. “We believe Mr. Krzanich is the best person for the job as he understands both the PC industry and manufacturing, which we believe will be critical as Intel’s foundry business continues to gain momentum. We continue to believe Intel’s foundry business can generate $4.2 billion in annual revenue by 2017 which could offset the loss of revenue from the PC market losing share to tablets and smartphones [...] Will Intel stop thinking like Facebook and start thinking like Philip Morris? We believe the appointment of Mr. Krzanich as CEO could be a positive for Intel if he changes its focus from trying to be a growth company to its core competency of manufacturing and returning cash to shareholders. We believe this would result in higher margins and cash generation via lower operating and capital expenditures driven by exiting businesses that Intel is not competitive in, are not synergistic, and have inferior/negative returns such as the wireless chip business, Itanium, and many of the software businesses.”
Doug Freedman, RBC Capital Markets: Rates Intel shares Sector Perform. “History was very much in Mr. Krzanich's favor as Intel’s has had a history appointing prior COOs to the CEO role, including Andy Grove, Craig Barrett and Paul Otellini. We believe that Mr. Krzanich’s deep understanding of its global operations through his prior role is an asset to the CEO role. As such, we view Intel’s current strategy as very much in-tact, with little chance of disruption. We highlight that it is very likely that Intel’s Foundry aspirations are the result of Mr. Krzanich’s efforts to leverage Intel’s process leadership. The market reaction could be viewed as slightly negative given the lack of traction in the PC market while some could view this decision as a missed opportunity to move the company in a different direction.”
Rick Schafer, Oppenheimer & Co.: Rates Intel shares “Perform.” “We believe the move has been well telegraphed to investors and generally like the choice. As COO, Krzanich excelled in increasing the shine on INTC's largest crown jewel: manufacturing. INTC is arguably the best semiconductor manufacturing company in the world, and the process technology advantage has accelerated under Krzanich's watchful eye. With flailing PC sales, a yet unproven mobile strategy and new emergence of competitors in the data center, we believe the hire of Krzanich is an indication that INTC will increasingly leverage its vast manufacturing advantage into the foundry business. INTC is well on its way in the transition to a strategic foundry, and the hire of Krzanich solidifies the intent and muscle behind the move. We like the focus of INTC to leverage its single largest advantage, but continue to have questions about the gross-margin and return-on- capital implications of the slow (now quicker?) transition to foundry. We're sticking to the sidelines until profitable growth emerges in the INTC model.”
Gus Richard, Piper Jaffray: Rates Intel shares Neutral. “Krzanich has been rumored to be the lead candidate for some time. We view the selection of Mr. Krzanich as the company staying the course and not a positive development. In the post PC era, the company needs to transform the company and culture to adapt to a changing landscape. We continue to believe Intel needs to license ARMH and focus on becoming a direct-to-OEM foundry. Promoting the COO is doubling down on the manufacturing roadmap and does not address the issues the company is facing. We believe the market will view this announcement as a disappointing development. Maintain Neutral.”
http://blogs.barrons.com/techtraderdaily/2013/05/02/intel-names-coo-krzanich-ceo-staying-the-course-says-street/
All new things are expensive and a very few of them(< than 5%) ever get to market.
Intel labs is a development organization. It is not a P&L. It is built into business model.
Wearable computing has been discussed in the past by its head.
I think Intel knows when to fold if the idea does not pan out.
APPL and GOOG are doing the same with Glasses and Wist watches. So what is not to like. Intel should not be caught again like it was in mobile as some perceive it. I don't think Intel did not focus on mobile.
Intel labs head has talked about this kind of computing.
I understand that. Intel clearly stated that it is up to those company to announce this and that is what happening.
I am sure there a few more like CSCO. It is up to CSCO to announce it when it feels it is time to do so.
That is great. Microsemi was never mentioned before for Intel foundry business.
Thanks. Intel buying AMD-I don't think so.
AMD fan club is very enthusiastic about Temash. That is what was written by various followers in response to Intel announcement of new ATOM architecture next Monday
AMD shares are up huge. What is going on? Any one has seen any news or pure hype as usually.
This is an old article from January.
It is not whether we are sweet or not. This is an investment board for Intel. We are here to learn about if it is good idea to invest or not in Intel.
Your comments don't help in that regard. I am sorry.
Do you work for AMD or you did in the past. Or Intel kicked you in your a**.
You are so bitter.
I did read that very clearly. Intel will need a lots of this if it has to become successful in smart phone market.
Yes, I know that the new factory is quite away out but it does tell you what Intel has in mind.
That does explain rumors/speculation about Intel getting back into memory business.
The new plant in Arizona with 450 mm wafer plant will be used to produce eDram for SOC to be used in high end phones.
No one knows for sure even you. Only PO knows or the board. Every one of us have different opinions and that is fact.
I believe that PO left for his reasons but I am not 100% sure.
Headlines definitely are in favor of AMD when in reality earnings are terrible. It always get a better treatment than Intel in headlines.
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MD Off 5%: Q1 Rev, EPS Beat, Q2 Rev View Beats
By Tiernan Ray
TAGS
CHIPS
EARNINGS
SEMICONDUCTORS
Shares of chip maker Advanced Micro Devices (AMD) are down 12 cents, or almost 5%, at $2.39, after the company reported Q1 revenue and a smaller-than-expected net loss per share, and projected this quarter’s revenue higher as well.
Revenue in the three months ended in March fell 31%, year over year, to $1.09 billion, yielding a net loss of 13 cents per share.
Analysts had been modeling $1.05 billion and a 17-cent loss.
Gross margin in the quarter was 41%, on a non-GAAP basis, up from 39% in Q4 but down from 46% a year earlier.
For the current quarter, the company projected revenue in a range of down 1% to up 5% from last quarter, or $1.11 billion at the mid-point. Analysts have been modeling $1.075 billion in revenue this quarter.
CEO Rory Read remarked,
Our first quarter results reflect our disciplined operational execution in a difficult market environment. We have largely completed our restructuring and are now focused on delivering a powerful set of new products that will accelerate our business in 2013. We will continue to diversify our portfolio and attack high-growth markets like dense server, ultra low-power client, embedded and semi-custom solutions to create the foundation for sustainable financial returns.
I have not seen Bloomerberg clip but CNBC was OK
Here is to my surprise one upgrade and what a joke.
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April 16 (Reuters) - Intel Corp :
* Sterne Agee raises target price to $20 from $18; rating neutral
This transcripts lacked emotions. I did not hear the call. O for sure I can't say that.
But it appeared two teachers(PO and SS) were trying to explain to various students(analysts)how is business run. Despite various attempts, it seemed it was for naught.
No one believed how come Intel can do so well despite all kind of warnings from them. No trust on Intel data; no explanation was good enough for capex. GS even went to the extent comparing data to 2009.
I will not be surprised to see various downgrade tonite or tomorrow morning.
again then what is new.
Intel Conference call transcript
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http://seekingalpha.com/article/1346081-intel-s-ceo-discusses-q1-2013-results-earnings-call-transcript
AN FRANCISCO, April 16 (Reuters) - Intel Corp :
* Exec says process on track to replace outgoing CEO
* Exec says board's goal remains to name successor by the time otellini retires
at annual meeting in may
* CEO says has unannounced customers for foundry business, now in mode of
"collecting serious customers"
* CEO says ground rules for potential foundry deals include making relationship
strategic, beyond single transaction
I had missed this news last week after the IDF. I apologize if it has been posted before.
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Intel And Baidu Partnership Is A Step In The Right Direction
by Asean Century
Intel (INTC) announced last week that it was partnering with Chinese search engine Baidu (BIDU) in a joint innovation lab. They plan to create software for the growing Chinese mobile Internet market. In this lab, Chinese developers will have access to PCs and mobile devices powered by Intel chips. Intel also hopes that these developers will create apps that will have voice-command and facial-recognition features. This joint venture was announced at the end of the Intel Developer Forum in Beijing. read more »
Maui3, you are correct. 60% + GM are for the second half.
What I liked the most of Stacy interview on CNBC was the fact that Intel SOC are surprising every one with savings in power. OEMs expect Intel SOC to have better performance any way.
That is very encouraging. 11 wins of Smart Phones in 17 countries.
Volume is up to 78K. so is the volume for April 21 and 21.5 puts.
Stock should close to 21.80-21.90 range for all of these to become worthless.