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westcoastinvests

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  • More on Intel's (INTC +2.3%) debt offering: Intel states in a prospectus it will offer a mixture of 5, 10, 20, and 30-year notes. To no one's surprise, the yields Intel are offering are pretty low: they range from 80-150 bps above what treasuries of similar maturity are yielding. Moody's rates the debt A1, and S&P A+. [View news story]
    And another INTC downgrade to get the day started, this time its Raymond James
    Dec 5 09:32 AM | Likes Like |Link to Comment
  • It looks as if Intel (INTC +1.3%) again plans to issue debt to finance stock buybacks: the chip giant says it will make a senior notes offering of undisclosed size, and intends to use the proceeds "for general corporate purposes and to repurchase shares." Extremely low interest rates and a stock trading near its 52-week low both act as incentives. Intel had $7.16B of debt on its balance sheet as of Sep. 28, and $14.9B in cash and investments. (2011 debt offering[View news story]
    While not ground breaking news this is basically the first good news INTC has had in months
    Dec 4 12:18 PM | 1 Like Like |Link to Comment
  • Intel (INTC -2.1%) is trading lower after Citi and Goldman slash their estimates. Goldman, reiterating a Sell, thinks Intel's gross margin will probably drop in the coming quarters due to high inventories and declining ASPs. Meanwhile, AMD (AMD +7.4%) is rallying for the second day in a row after announcing plans to sell and lease back its Austin campus, though shares remain down sharply on the year. 27.9% of AMD's float was shorted as of Nov. 15. [View news story]
    What is scariest about INTC stock performance is how much it has dropped in the face of a pretty strong broad market.
    Nov 30 02:38 AM | Likes Like |Link to Comment
  • Intel (INTC -2.1%) is trading lower after Citi and Goldman slash their estimates. Goldman, reiterating a Sell, thinks Intel's gross margin will probably drop in the coming quarters due to high inventories and declining ASPs. Meanwhile, AMD (AMD +7.4%) is rallying for the second day in a row after announcing plans to sell and lease back its Austin campus, though shares remain down sharply on the year. 27.9% of AMD's float was shorted as of Nov. 15. [View news story]
    Each time INTC appears it may be putting in base it is hit by a new rumor or downgrade.
    Nov 29 04:56 PM | Likes Like |Link to Comment
  • Intel (INTC -2.1%) is trading lower after Citi and Goldman slash their estimates. Goldman, reiterating a Sell, thinks Intel's gross margin will probably drop in the coming quarters due to high inventories and declining ASPs. Meanwhile, AMD (AMD +7.4%) is rallying for the second day in a row after announcing plans to sell and lease back its Austin campus, though shares remain down sharply on the year. 27.9% of AMD's float was shorted as of Nov. 15. [View news story]
    there are the downgrades
    Nov 29 12:42 PM | Likes Like |Link to Comment
  • Is Windows 8 making a bad situation worse for the (non-Apple) PC industry? NPD believes U.S. retail sales of Windows gear is down 21% Y/Y since Oct. 26, the day Win. 8 launched. Notebooks -24% and desktops -9%. Also, thanks to inventory-clearing and perhaps also a cautious enterprise response, Win. 8 has only made up 58% of Windows device sales since launch time, compared with 83% for Windows 7 in its first 4 weeks. 6% of Win. 8 notebook sales involved touchscreens, and ASPs rose to $477 from $433 in the year-ago period. (40M licenses[View news story]
    Well at least now we know what news has been hammering INTC this morning.
    Nov 29 10:38 AM | 2 Likes Like |Link to Comment
  • More on Intel's Q3: PC division sales -8% Y/Y, server division +6%. PC CPU prices -1% Q/Q and -4% Y/Y. Gross margin was 64.3%, nearly flat Q/Q and better than expected. But it's forecast to fall to 57%-59% in Q4, which suggests pricing/ASP weakness. 2012 capex, previously expected to be at low end of $12.1B-$12.9B range, is now expected to total just $11B-$11.6B (a negative for chip equipment stocks). INTC -1.9% AH. CC at 5PM ET (webcast). (CFO comments - PDF) (PR[View news story]
    Yes AMD has been allowed to survive for years to avoid regulatory pressure, now as INTC faces competition from non PC chip makers there seems little need to worry about pushing out AMD.
    Oct 16 06:12 PM | 2 Likes Like |Link to Comment
  • On average, U.S. iPhone users are slightly younger and much wealthier than Android counterparts, according to charts from Horace Dediu. ~40% of iPhone users have household income of at least $100K, compared with ~25% of Android users, while the % of Android users with household income of less than $25K is about twice as high as the % of iPhone users. Two possible takeaways: The iPhone's demographics will help it maintain its app monetization edge (which affects developer support), and the iPhone would likely grab more share if Apple cut unsubsidized prices and enabled cheaper plans. (Piper[View news story]
    40% of Iphone users have 100K+ income, I don't know but I really have a hard time believing that statistic.
    Oct 12 07:19 PM | 8 Likes Like |Link to Comment
  • Advanced Micro Devices Warns On Weak Demand: What's Next? [View article]
    Salman, I get your frustration with INTC but I would strongly bet against it falling to 15 where it would yield 6% at it's depths in Feb 09 it yielded about 4.7%.

    Ashraf, I appreciate the honesty in your article, very few who post on Seeking Alpha can ever admit they were wrong about anything.
    Oct 11 08:33 PM | 2 Likes Like |Link to Comment
  • PC shipments fell a stunning 8.3% Y/Y in Q3, estimates Gartner - that figure makes Q2's 0.1% drop look great by comparison, and is raising eyebrows even with all of the negative industry data that has emerged. Weak back-to-school sales and cautious retailer orders are blamed, though the tablet market's growth is hard to overlook. U.S. shipments -13.8% Y/Y (both consumer and corporate sales were weak), EMEA -8.7%, and Asia-Pac -5.6% (China's slowing growth had an effect). [View news story]
    I am curious how well this data is protected pre-release. It doesn't seem that it's the kind of company specific insider information that couldn't be disseminated or traded on before being made public. Not trying play conspiracy theorist but I do wonder how many see this data before official release. The very recent drubbing PC stocks have received at least fits with the idea that some knew this was coming. If they were to bounce after the news that might hint at this idea a little more/
    Oct 11 08:33 AM | Likes Like |Link to Comment
  • Intel's 17% Correction Presents A Buying Opportunity For Long-Term Investors [View article]
    Yes if you had put that in the article I think it would have strengthened article, thanks for response.
    Sep 27 12:36 PM | 2 Likes Like |Link to Comment
  • Intel's 17% Correction Presents A Buying Opportunity For Long-Term Investors [View article]
    Not trying to be rude, but an error that big in the second sentence of an article makes one hesitant to want to read on.
    Sep 27 12:00 PM | Likes Like |Link to Comment
  • Intel's 17% Correction Presents A Buying Opportunity For Long-Term Investors [View article]
    To the author, INTC traded over 29 in early May.
    Sep 27 09:30 AM | Likes Like |Link to Comment
  • Intel: Buy The Market's Over-Reaction [View article]
    I think you have to also at least recognize the rather amazing impact that Warren Buffett has had on the stock price. INTC went on a huge run after it was announced that Berkshire was now buying into a tech company. The recent sharp drop from 26.90 began exactly as it was discovered that Berkshire had liquidated entire position. I am in no way sure how to quantify the length of time the Buffett effect remains in place but it seems that it should be starting to wear off. Interestingly INTC management is usually very good with coming out with some sort of positive story when their stock price is struggling, so far recently they have been able to come out with very little as their developers forum underwhelmed.
    Sep 26 10:08 AM | Likes Like |Link to Comment
  • Intel (INTC -1.7%), AMD (AMD -2.9%), Dell (DELL -1.9%), and H-P (HPQ -2.2%) underperform after Evercore's Rob Chira slashes his estimates on (what else?) concerns about PC demand. Chira now predicts 2012 PC unit sales will fall 4% Y/Y, worse than IDC's forecast, and expects flat sales next year. "We estimate Q3 units fall year-over-year across every major market: Consumer, corporate, desktop, notebook, U.S., Europe, and APAC," he writes. AMD is also getting hit by an estimate cut from JMP. [View news story]
    The great race to not be the last to downgrade the PC sector. Who is next to cut their estimates?
    Sep 24 01:14 PM | 1 Like Like |Link to Comment
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