Intel Corp (INTC)

[mas]

Intel Mobile and Communications unit to rebound, says Wells Fargo

http://www.theflyonthewall.com/permalinks/entry.php/INTCid2020898/INTC-Intel-Mobile-and-Communications-unit-to-rebound--says-Wells-Fargo

Wells Fargo expects the sales of Intel's Mobile and Communications unit to bottom in the March quarter, and the firm predicts that the unit's sales will grow sequentially during each quarter for the rest of the year. Wells expects the unit's losses to rise further in the June 2014 quarter and the second half of this year, and then diminish rapidly in 2015. The unit could move towards break even, potentially enabling the company to beat expectations in 2015 and 2016, added Wells, which reiterates an Outperform rating on the shares.

http://www.bloomberg.com/news/2014-06-05/intel-says-mobile-investment-needed-to-ensure-future.html