Intel Corporation (INTC) - NASDAQ
  • Apr. 16, 2013, 4:24 PM

    More on Intel: Investors happy with capex revision, given industry conditions. Q1 gross margin was 56.2%, -180 bps Q/Q and -780 bps Y/Y, and below guidance midpoint of 58%. Q2 gross margin guidance of 56%-60%. But opex was $100M lower than guidance. PC CPU division sales (63% of total) -6% Y/Y, even with Q4's decline. Server division (20% of total) +7.5%, better than Q4's +4%. Other Intel architecture (Atom/embedded) -9%, worse than Q4's -7%. Software/services +3%. $533M in buybacks. PC CPU ASPs +1% Q/Q and Y/Y, server CPU ASPs -1% Q/Q and +2% Y/Y. INTC +0.7% AH. (PR) (CFO comments)

    | Apr. 16, 2013, 4:24 PM | 10 Comments
  • Apr. 16, 2013, 4:06 PM
    Intel (INTC): Q1 EPS of $0.40 misses by $0.01. Revenue of $12.58B (-2.5% Y/Y) misses by $30M. Expects Q2 revenue of $12.4B-$13.4B vs. $12.9B consensus. Expects "low single-digit" 2013 revenue growth, unchanged from prior guidance and compares with 0.7% consensus. Lowers 2013 capex guidance range by $1B to $11.5B-$12.5B. Shares +2.1% AH. CC at 5PM ET (webcast). (PR)
    | Apr. 16, 2013, 4:06 PM | 32 Comments
  • Apr. 16, 2013, 12:10 AM
    Notable earnings after Tuesday’s close: CSX, IBKR, INTC, LLTC, URI, YHOO
    | Apr. 16, 2013, 12:10 AM
  • Apr. 15, 2013, 5:35 PM
    Notable earnings after Tuesday ’s close: CSX, IBKR, INTC, LLTC, URI, YHOO
    | Apr. 15, 2013, 5:35 PM | 2 Comments
  • Apr. 15, 2013, 2:33 PM

    After growing by $4.5B from 2010 to 2013, TSMC's (TSM -2.2%) smartphone/tablet-related revenue will only grow by $3B from 2013 to 2015, estimates Morgan Stanley's Bill Lu, who is cutting shares to Equal Weight. Lu sees slowing growth and lower chip content per device hurting sales in spite of a $1.5B benefit from winning Apple's business. He also sees demand for TSMC's next-gen 20nm process ramping more slowly than 28nm demand, due to a smaller performance boost. On the flip side, Lu argues Intel (INTC) "lacks the [manufacturing] process flexibility" needed for its foundry business to become a major threat.

    | Apr. 15, 2013, 2:33 PM | 8 Comments
  • Apr. 12, 2013, 6:55 PM

    Thanks to the PC industry's woes, Intel's (INTC) capacity utilization rate is down to 60%, well below historical norms, reports industry analyst Jim McGregor. McGregor adds the rate is increasing as Intel burns off inventory, but sees the chip giant saddled with excess capacity for some time, and claims Intel has delayed production at a new Arizona fab (Fab 42). "The walls are up, and they took in some equipment, but they are delaying outfitting it." Intel has set an aggressive capex budget of $12.5B-$13.5B for 2013.

    | Apr. 12, 2013, 6:55 PM | 8 Comments
  • Apr. 12, 2013, 2:33 PM

    H-P (HPQ) Moonshot servers featuring AMD's low-power Kyoto CPU will arrive in 2H13. H-P praises AMD's GPU expertise, which it thinks makes Kyoto well-suited for video/graphics-centric tasks. Also arriving in 2H are servers using Intel's (INTC) next-gen Avoton Atom CPUs - the first Moonshot systems use Centerton Atom CPUs. Meanwhile, ARM-based CPUs will be provided by Texas Instruments (TXN - PR), AppliedMicro (AMCC - PR), and Calxeda - H-P talks up the inclusion of a DSP in TI's Keystone ARM processor.

    | Apr. 12, 2013, 2:33 PM | 3 Comments
  • Apr. 11, 2013, 4:02 PM

    No mercy has been shown to Microsoft (MSFT -4.3%) today in the wake of IDC's figures (blamed in part on Win. 8) and Goldman's downgrade. Goldman now sees the PC/tablet sales ratio falling to 59/41 in 2014, and thinks Microsoft could respond with price cuts or SG&A spending cuts. Nomura's Rick Sherlund wonders if a breakup or privatization is possible for Microsoft. He notes March was better than Jan. or Feb. for PC sales, but is still downbeat. "It really takes your breath away, just how bad the quarter was." Separately, Argus has downgraded Intel (INTC -2%) to Hold.

    | Apr. 11, 2013, 4:02 PM | 26 Comments
  • Apr. 11, 2013, 8:24 AM

    In addition to the fall in Microsoft's shares, companies exposed to the PC market drop further after IDC said yesterday that global computer shipments slid 13.9% in Q1. H-P HPQ -5.2%, Lenovo (LNVGY.PK) -5.8% in Hong Kong, Intel (INTC) -2.3%, AMD -2.7%, Nvidia (NVDA) -2.1%, Seagate (STX) -1.85%, Western Digital (WDC) -1.3%. (previous)

    | Apr. 11, 2013, 8:24 AM | 6 Comments
  • Apr. 10, 2013, 4:52 PM
    PC-exposed names trade lower AH in response to IDC's bleak Q1 data. HPQ -1.8% AH. MSFT -1%. INTC -1.3%. Will the numbers give Michael Dell and Silver Lake more ammo to justify their $13.65/share LBO offer?
    | Apr. 10, 2013, 4:52 PM
  • Apr. 10, 2013, 4:43 PM

    Global PC shipments fell 13.9% Y/Y in Q1 to 76.9M units, per IDC. That surpasses Q4's 6.4% drop and Q3's 8.6% decline, and is steep even in light of IDC's recent commentary. IDC: "It seems clear that the Windows 8 (MSFT) launch not only didn’t provide a positive boost to the PC market, but appears to have slowed the market." H-P (HPQ) was the market's leader, but its share fell 200 bps Y/Y to 15.7%. #2 Lenovo (LNVGY.PK) saw its share rise 210 bps to 15.3%, and #3 Dell's rose 40 bps to 11.8%. Apple's (AAPL) U.S. share rose 60 bps to 10%, though U.S. Mac shipments fell 7.5% to 1.4M.

    | Apr. 10, 2013, 4:43 PM | 33 Comments
  • Apr. 9, 2013, 5:04 PM

    Those who have seen Intel's (INTC) Web TV service "describe it as a significant advance over any existing cable or satellite platform," AdAge reports. Intel has been looking to bake in a number of novel features, as well as a streamlined UI. One lingering concern is the hostile response many cable/telco ISPs could show to the service, given most of them double as pay-TV providers. But net neutrality rules stand to limit interference, at least beyond bandwidth caps.

    | Apr. 9, 2013, 5:04 PM | 19 Comments
  • Apr. 9, 2013, 12:14 PM

    A (relatively) bullish MKM note on Intel (INTC +2.1%) appears to be giving a lift to the chip giant. The Street is already expecting Intel's PC CPU sales to fall 10% Y/Y in 1H13, thinks analyst Daniel Berenbaum, who believes plenty of bad news is baked in ahead of Intel's April 16 Q2 report. "Longer-term, we maintain our view that INTC will be able to monetize its technology and manufacturing advantage by gaining share in mobility, expanding its foundry business and continuing to dominate the data center space." Other PC-related names are also higher: MSFT +2.2%. WDC +1.4%. STX +1%.

    | Apr. 9, 2013, 12:14 PM | 6 Comments
  • Apr. 8, 2013, 11:58 AM

    H-P (HPQ -0.9%) unveils its first Moonshot system, the fruits of a much-hyped effort to develop the kind of densely-packed, low-power systems many Web/cloud service providers have embraced. The first Moonshot server uses Intel's (INTC) S1200 (Centerton) Atom CPU. 45 of them fit into a small enclosure containing shared power/networking/storage components, and H-P claims 1,800 servers can fit into a rack. AMD and ARM-based (ARMH) servers will arrive later. The likes of Google, Facebook, and Amazon probably won't adopt Moonshot, but some enterprises and service providers hoping to emulate those firms might.

    | Apr. 8, 2013, 11:58 AM | 13 Comments
  • Apr. 5, 2013, 6:43 PM

    "I think there’s an opportunity for the company for the first time to have the perception of ‘Intel Outside,’" says Intel Media (INTC) chief Eric Huggers, discussing the potential for Intel's Web TV service to change its image. While skeptics point to Intel's long history of failed living room-focused ventures, Intel is betting unique features, national reach, and the fact the project (unlike prior efforts) is run by an independent team stacked with media vets will prove them wrong. GigaOm observes trademark filings for the service indicate it will support a smorgasbord of multimedia features.

    | Apr. 5, 2013, 6:43 PM | 3 Comments
  • Apr. 5, 2013, 5:07 PM
    Intel (INTC) has begun shipping its Haswell CPUs to OEMs ahead of a launch set for later in Q2, CNET reports. Both Intel and its clients are counting on Haswell's power savings and ability to enable thinner/lighter ultrabooks and convertibles relative to Ivy Bridge systems to give a lift to PC demand, which (from all indications) remained weak in Q1. (JMP report/Intel's response)
    | Apr. 5, 2013, 5:07 PM | 24 Comments
Company Description
Intel Corp. designs, manufactures and sells computer components and related products. It also engages in the designing and manufacturing of computing and communication components, such as microprocessors, chipsets, motherboards, and wireless and wired connectivity products. The company develops... More
Sector: Technology
Industry: Semiconductor - Broad Line
Country: United States