Fresh off raising $6B, Intel (INTC -0.8%) has received two negative sell-side notes. 1) Raymond...

|About: Intel Corporation (INTC)|By:, SA News Editor

Fresh off raising $6B, Intel (INTC -0.8%) has received two negative sell-side notes. 1) Raymond James has downgraded shares to Underperform, warning gross margin could fall below 55% from the 62%-65% seen lately, thanks to competition from AMD and ARM-based chips. It's also skeptical any internal replacement for CEO Paul Otellini will provide needed change. 2) Nomura thinks the odds of Apple eventual dumping Intel are high, arguing desktop-caliber ARM processors are now possible and the move could save Apple $100/unit in costs.