- After opening slightly lower, Intel (INTC +0.9%) is rising on an up day for equities in the wake of a Q3 beat that was accompanies by healthy margins, light Q4 guidance, another capex cut, cautiously optimistic PC industry commentary, and news of a Broadwell manufacturing delay. B. Riley's upgrade could be helping.
- Jefferies (Buy) likes the fact Intel's enterprise PC CPU sales are stabilizing,. The firm remains optimistic about Intel's long-term ability to use its manufacturing edge to take mobile share, as does FBR.
- However, Needham (Hold) doesn't like the Q4 guidance and the Broadwell delay. The firms also claims Intel's server CPU sales still missed its Q3 estimate by $100M, and thinks the business could come short of a company target for 10%+ 2013 growth.
- Brian Krzanich mentioned on the CC Intel's NAND flash sales rose 20% Y/Y, and promised Q4 will see the launch of $99 Atom tablets, $349 Atom convertibles, and $299 low-power Haswell notebooks. His remarks come as Lenovo (LNVGY.PK) launches the Miix, an $299, 8", Bay Trail/Windows 8 tablet that has Office Home and Student 2013 built-in.
- CFO Stacy Smith admitted Intel's mobile processor push will impact ASPs, but also declared Bay Trail to have "a much better cost structure" than Intel's low-end Celeron CPUs.