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  • Mon, Oct. 24, 11:46 AM
    • Movidius will supply Myriad 2 Vision Processing Unit technology for a new range of Hikvision smart cameras.
    • Deep neural network technology capable of "allowing security systems to automatically detect anomalies such as suspicious packages, drivers distracted by mobile devices, and intruders trying to access secure locations" noted.
    • While operating deep neural networks has traditionally required external, cloud compute processing, Movidius VPUs are low-power and able to run these algorithms internally.
    • Movidius CEO Remi El-Ouazzane: “Advances in artificial intelligence are revolutionizing the way we think about personal and public security. The ability to automatically process video in real-time to detect anomalies will have a large impact on the way cities infrastructure are being used. We’re delighted to partner with Hikvision to deploy smarter camera networks and contribute to creating safer communities, better transit hubs and more efficient business operations.”
    • Hikvision CEO Hu Yangzhong: "There are huge amounts of gains to be made when it comes to neural networks and intelligent camera systems. With the Myriad 2 VPU we’re able to make our analytics offerings much more accurate, flagging more events that require a response, while reducing false alarms. Embedded, native intelligence is a major step towards smart, safe and efficiently run cities. We will build a long term partnership with Movidius and its VPU roadmap."
    • Intel (INTC +0.2%) acquired Movidius early in September.
    | Mon, Oct. 24, 11:46 AM | 1 Comment
  • Thu, Oct. 20, 4:51 AM
    • An adviser to the Court of Justice of the European Union (ECJ) has backed Intel's (NASDAQ:INTC) appeal against a record €1.06B ($1.16B) fine for antitrust violations and believes a lower court should review it.
    • "Intel's appeal...for abuse of its dominant position should be upheld," Advocate General Nils Wahl said.
    • EU regulators imposed the penalty in 2009 for Intel's attempts to stifle Advanced Micro Devices (NYSE:AMD). This included giving rebates to major PC makers for purchasing the bulk of their computer chips from Intel.
    | Thu, Oct. 20, 4:51 AM | 25 Comments
  • Tue, Oct. 18, 5:35 PM
    | Tue, Oct. 18, 5:35 PM | 2 Comments
  • Tue, Oct. 18, 4:45 PM
    • Intel's (NASDAQ:INTC) Q3 is highlighted by 9.1% Y/Y revenue growth and 21% Y/Y net income ($3.9B) growth. Further records gross margin of 64.8%, operating income of $5.1B, EPS of $0.80, cash from operations of $5.8B, paid dividends of $1.2B and share repurchases of  $457M.
    • Key business unit revenues: Client Computing Group – $8.9B (+21% Q/Q, +5% Y/Y), Data Center Group – $4.5B (+13% Q/Q, +10% Y/Y), IoT Group – $689M (+20% Q/Q, +19% Y/Y), Non-Volatile Memory Solutions Group – $649M (+17 Q/Q, -1% Y/Y), Intel Security Group – $537M (unchanged Q/Q, +6% Y/Y, Programmable Solutions Group – $425M (-9% Q/Q).
    • Projections: Q4 revenue of $15.7B (+/- $500M) [$15.87B consensus], gross margin of 63% (+/- few percentage points), R&D plus MG&A spending of $5.2B, amortization of acquisition-related intangibles included in operating expenses at $0, impact of equity investments and interest and other, net at -$100M, depreciation of $1.5B and tax rate of 22%. For FY 2016, models no non-GAAP restructuring charges and $9.5B (+/-$500M) in full-year capital spending. Remainder of total restructuring and other charges of $2.3B to primarily be recorded between now and mid-2017, with $1.8B realized to-date and $250M anticipated for Q4.
    • Brian Krzanich, Intel CEO: "It was an outstanding quarter, and we set a number of new records across the business. In addition to strong financials, we delivered exciting new technologies while continuing to align our people and products to our strategy. We’re executing well, and these results show Intel’s continuing transformation to a company that powers the cloud and billions of smart, connected devices."
    • Despite the after-hours downturn, Intel shares are still presently up 1.2% since yesterday's close.
    • Conference call
    • CFO commentary
    • Press release
    | Tue, Oct. 18, 4:45 PM | 41 Comments
  • Tue, Oct. 18, 4:04 PM
    • Intel (NASDAQ:INTC): Q3 EPS of $0.80 beats by $0.08.
    • Revenue of $15.78B (+9.1% Y/Y) beats by $200M.
    • Shares -3.8%.
    • Press Release
    | Tue, Oct. 18, 4:04 PM | 39 Comments
  • Tue, Oct. 18, 9:39 AM
    • Analyst Blayne Curtis sees Intel transitioning "from a no-growth story to one of accelerating growth" that will contribute to greater valuation.
    • Further notes positives of Data Center Group constituting one-third of overall revenue and improving PC market decline (low single-digits).
    • Projects Q3 revenue in-line ($15.6B, +/-$300M) with potential to the upside considered.
    • Price target on Intel (INTC +0.9%) shares raised from $38 to $45 (current price $37.68).
    • Yesterday: Brean Capital notes upside potential for Intel's Q3 despite guidance raise
    | Tue, Oct. 18, 9:39 AM | 7 Comments
  • Mon, Oct. 17, 5:35 PM
    | Mon, Oct. 17, 5:35 PM | 9 Comments
  • Mon, Oct. 17, 11:56 AM
    • Intel previously updated its revenue outlook for the September-ended quarter to $15.6B (+/- $300M).
    • Analyst Mike Burton's modeled estimate is in line with this figure, though suggests the possibility for upside based on September-momentum out of Taiwanese motherboard manufacturers and notebook original design manufacturers. Intel's provided gross margin estimate of 63% (+/- a few points) is similarly forecasted by Burton.
    • A December-quarter guidance raise is additionally expected, with a closer-to $16B revenue number cited (consensus $15.8B).
    • Rates Intel (INTC), which reports Q3 results tomorrow, at Buy with a $40 price target (current price $37.45).
    | Mon, Oct. 17, 11:56 AM | 4 Comments
  • Mon, Oct. 17, 11:12 AM
    • Ahead of Intel (INTC +0.3%), Taiwan Semiconductor Manufacturing Company (TSM -0.1%) and others.
    • Availability of devices utilizing components built on the first generation of the technology are expected in early 2017, with broader expansion projected throughout the year. Large-scale production of second generation process is scheduled for H2 2017.
    • Reports have Samsung in an exclusive deal with Qualcomm to manufacture the latter's Snapdragon 830 processors, predicted to be used in products from Google, HTC, Sony and others, in addition to Samsung's own smartphone offerings. Apple, meanwhile, presently maintains an exclusive arrangement with Taiwan Semiconductor Manufacturing Company to manufacture the iPhone 7's A10 Fusion SoC.
    • Though Samsung's (OTC:SSNLF) Galaxy Note 7 setback has been in the spotlight of late, the company is diversified across many business lines and appears to nevertheless progress uninterrupted within its foundry segment.
    • See also: Samsung Electronics reportedly readying for major 64-layer 3D NAND production
    | Mon, Oct. 17, 11:12 AM | 23 Comments
  • Fri, Oct. 14, 4:47 AM
    • Tech giants including AMD, Dell/EMC, Google (GOOG, GOOGL), HPE, IBM, Mellanox (NASDAQ:MLNX), Micron (NASDAQ:MU), Nvidia (NASDAQ:NVDA) and Xilinx (NASDAQ:XLNX) have linked up to give Intel (NASDAQ:INTC) a good kick in the datacenters.
    • The group has come up with an open specification, dubbed OpenCAPI, that can boost server performance by up to 10x.
    • Effectively they are moving away from PCIe, the current industry standard, to something that is both more open and vastly more powerful.
    | Fri, Oct. 14, 4:47 AM | 78 Comments
  • Mon, Oct. 3, 11:59 AM
    • Luxottica (LUX -3.3%) and Intel (INTC -0.2%) announce the launch of smart eyewear product Radar Pace.
    • The next-gen device is available at some Oakley stores and on the Oakley website.
    • Radar Pace is said to act as a hands-free virtual coach that supports athletes during running and cycling training by interpreting data in real time. The device collects data on power output, heart rate, speed, cadence, time, pace, and distance.
    • Source: Press Release
    | Mon, Oct. 3, 11:59 AM | 8 Comments
  • Mon, Oct. 3, 9:10 AM
    • September monthly performance was: +0.58%
    • AUM of $7.66M
    • 52-week performance vs. the S&P 500 is: -9%
    • $0.23 in dividends were paid in September
    • Top 10 Holdings as of 8/31/2016: Apple Inc (AAPL): 3.96271%, Microsoft Corp (MSFT): 3.09853%, Johnson & Johnson (JNJ): 2.24259%, General Electric Co (GE): 1.95493%, Exxon Mobil Corp (XOM): 1.64204%, Procter & Gamble Co (PG): 1.33805%, Wells Fargo & Co (WFC): 1.31607%, Pfizer Inc (PFE): 1.21901%, Nestle SA (OTCPK:NSRGF): 1.15897%, Intel Corp (INTC): 1.14963%
    | Mon, Oct. 3, 9:10 AM
  • Fri, Sep. 23, 3:22 PM
    • The companies, Lenovo (OTCPK:LNVGY -0.7%), (INTC -0.7%), (PYPL -0.8%) and (SYNA -1.5%) are collaborating to bring FIDO-enabled biometric authentication to Lenovo laptops.
    • A goal of moving beyond passwords to reduce fraud and heighten security is noted.
    • Intel's 7th generation processors, Synaptics' sensors and PayPal's payment ecosystem will merge to offer built-in hardware security just as Yahoo's substantial security breach refocuses attention on the importance of digital defense.
    • Press release
    | Fri, Sep. 23, 3:22 PM | 5 Comments
  • Tue, Sep. 20, 12:25 PM
    • Price target of $42 (current price 37.15).
    • With Intel (INTC) hitting 15-year highs last Friday, raising Q3 guidance while noting PC demand turnaround that same day and confirmation the company's supplying iPhone 7 components, the rating isn't too difficult to justify.
    | Tue, Sep. 20, 12:25 PM | 3 Comments
  • Tue, Sep. 20, 9:47 AM
    • The Cortex R-52 chip is designed for automotive, robotics, healthcare, farming, aviation, construction and other industry implementations.
    • ARM VP of product marketing, John Ronco: "You would want this anywhere there was a danger of loss of life or limb due to machine-human interaction."
    • Development of the processor has been underway for five years and has already been licensed in a deal with French-Italian semiconductor manufacturer STMicroelectronics (STM +1.5%).
    • The Cortex R-52 new chips are suggested to compete with Intel's (INTC -0.1%) Yogitech technology and further mark ARM's most significant design introduction since it was bought out by SoftBank (OTCPK:SFTBY +1.5%) for $32B back in July.
    | Tue, Sep. 20, 9:47 AM | 3 Comments
  • Mon, Sep. 19, 4:15 PM
    • Reports to CEO Brian Krzanich and will oversee global finance, IT organizations and the company's corporate strategy office.
    • Krzanich: "Bob brings a wealth of leadership and financial experience to Intel. His financial acumen and strategic insight will be welcome additions to our leadership team as Intel’s transformation continues."
    • Swan: "I’m thrilled to join Intel, a company where incredible innovation is supported by strong financial management."
    • Outgoing CFO Stacy Smith will be taking on a broader position within manufacturing and sales and operations, a transition previously expected.
    • Intel (NASDAQ:INTC) shares +0.72% after hours.
    • Executive bio
    | Mon, Sep. 19, 4:15 PM | 8 Comments