Company
Intel Corp
NASDAQ:INTC
Intel Corp is engaged in designing and manufacturing products and technologies. The company's segments include Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG) and Intel Foundry Services (IFS).
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Hardware & electrical equipment
Intel slashes quarterly dividend in latest cost-cutting move
Intel’s shares are down 60% from their 2021 high, as a struggling PC market, increasingly stiff competition and dwindling financial results have left their mark on the stock
Hardware & electrical equipment
Intel ordered to pay VLSI Technology US$948.8mln by Texas jury for patent infringement
Intel said it "strongly disagrees" with the verdict and plans to appeal
Hardware & electrical equipment
Intel beats on profits but falls short on revenue in 3Q; cost-cutting measures expected
On a year-over-year basis, Intel’s earnings and revenue were down 15% and 59%, respectively
Hardware & electrical equipment
Intel spin-out Mobileye jumps more than 37% on market debut
At the IPO price of $21 per share, Mobileye was valued at $17 billion, significantly lower than the roughly $50 billion valuation Intel had previously hoped for
Hardware & electrical equipment
Instacart pulls IPO on volatile market conditions - report
The San Francisco-based food delivery company has not completely ruled out the option to go public, a source told Reuters, but they added that the plans to list the company in 2022 look extremely unlikely
Hardware & electrical equipment
Intel plans to announce 'targeted' layoffs in November, says report
The Oregonian newspaper said Intel chief executive Pat Gelsinger addressed employees via a video, and promised more details on the layoffs on November 1
Hardware & electrical equipment
Intel eyes significantly lower valuation for IPO of Mobileye unit - WSJ
Mobileye, which was originally expected to land a roughly $50 billion valuation, is now set to target one that is under $20 billion and sell a smaller number of shares than originally planned, the newspaper said
Hardware & electrical equipment
Intel plans to cut thousands of jobs due to hit from PC slowdown - report
Citing people with knowledge of the situation, Bloomberg News said the layoffs at the chipmaker will be announced as early as this month
Hardware & electrical equipment
Intel shares plunge at the open after 2Q earnings target miss; full-year guidance reduction
The chipmaker reported a 22% decline in GAAP revenue to $15.3 billion for the second quarter, compared to $19.6 billion in the year-ago quarter, and the $17.9 billion consensus analyst expectation
Hardware & electrical equipment
Intel shareholders vote overwhelmingly (to no avail) against executive pay packages
Votes against pay packages are not binding, which begs the question, why have the vote?
Hardware & electrical equipment
Intel to grow Israeli semiconductor presence with US$5.4bn Tower takeover
The acquisition will enhance Intel’s access to specialised production and help reduce the global semiconductor shortage
Intel to spend Mobileye proceeds on chip factories
The company announced on Monday that it intended to list the Israeli company in New York
Hardware & electrical equipment
Intel to float self-driving arm in 2022
Intel’s subsidiary is rumoured to be valued around US$50bn
Hardware & electrical equipment
Intel shares sink on margin concerns as chip shortage dents third-quarter revenue
Chief executive Pat Gelsinger does not expect the semiconductor shortage to end until 2023
Archive
US stocks close higher for third-straight day despite unexpected jump in jobless claims
The number of Americans seeking unemployment benefits rose to 419,000 last week from 368,000 the previous week, upending analyst predictions of a drop to 350,000
Archive
US stocks close lower on inflation fears despite strong retail sales
Data showed US retail sales rose 0.6% in June in contrast to the 0.4% decline predicted by analysts
Hardware & electrical equipment
Intel looking to boost semiconductor capacity with GlobalFoundries buy, says report
GlobalFoundries is owned by Abu Dhabi sovereign wealth fund Mubadala
Archive
Wall Street has the rug pulled out by report that Biden is planning capital gains tax hike
Stocks were steadily improving until a sudden drop in the afternoon
Hardware & electrical equipment
Intel sees third quarter margins tumble as consumers buy cheaper PCs and businesses clamp down on spending
The group sold a higher volume of less-profitable chips in its PC business, driving operating margins down to 36% in the third quarter from 44%
Hardware & electrical equipment
Intel launches US$10bn accelerated buy-back, can the chipmaker play catch up with in-favor FANG stocks?
"Intel shares are currently trading well below our intrinsic valuation, and we believe these repurchases are prudent at this time,” Bob Swan said.
Hardware & electrical equipment
Intel stock drops on manufacturing shock
Analysts say the chip-maker's potential move to outsource more manufacturing is like a significant admission of failure.
Hardware & electrical equipment
Intel stock soars after 4Q earnings beat on cloud growth
The chipmaker now expects 1Q earnings of approximately $1.30 per share on revenue of about $19 billion
Hardware & electrical equipment
Intel shares higher as 3Q revenue, profit beat Wall Street estimates
The chipmaker says its positive results were powered by sales to data centers and easing concerns about slowing demand
Hardware & electrical equipment
Intel slips in spite of big after-hours earnings beat; Apple paying $1 billion for majority of its modem chip business
The chip maker’s biggest segment, its client-computing or traditional PC business, saw revenue rise by 1% to $8.8 billion when analysts had expected a 6.8% decline
LATE MOVERS: Target wobbles after Amazon floats one-day shipping; Ford shifts into high gear on 1Q earnings beat;
Also moving Friday were Intel, Shutterfly, Mattel and Amazon
LATE MOVERS: Sprint and T-Mobile drop on merger doubts; Morgan Stanley posts better-than-expected 1Q results
Also moving Wednesday were Qaulcomm and Apple, IBM, Intel, United Continental and CSX
Investments and investor services
MOVERS: Snap's new gaming platform earns upgrade; Intel dips on downgrade
Also making moves Friday were Intel and Office Depot
LATE MOVERS: Stitch Fix gains after giving better-than-expected 4Q results
Boeing stock fell after a plane crash, and Nvidia's agreement to buy Mellanox boosted shares of both companies
Archive
LATE MOVERS: Symantec shares surge on the back of strong earnings results
Mellanox Technologies, the Israeli-based computer group also saw shares rise continue to rise on Thursday
LATE MOVERS: Facebook shares jump after hours with 4Q earnings beat; Tesla dips on big EPS miss
Also in play are Amgen, Mellanox Technologies and Juniper Networks
Esports Entertainment Group joins integrity coalition monitoring online gambling
The Esports Integrity Coalition works with betting operators and e-sports organizations to protect players, combat cheating and educate audiences
CryptoCann™ Report: Intel files patent for energy-efficient Bitcoin mining; Study finds fewer opioid overdoses in places with marijuana dispensaries
Intel’s patent describes a hardware accelerator that could reduce energy for Bitcoin mining by up to 15%
Hardware & electrical equipment
Nvidia misses on revenue in Q3, dragging the rest of the chip sector down with it
The chipmaker continued to combat the decline in the sales of cryptocurrency mining products
Investments and investor services
Intel beats on 3Q revenue and EPS while upping guidance; Oppenheimer rates shares as Perform
The chipmaker posted growth in every business segment during the quarter
Early Movers: Amazon shares tumble on disappointing earnings while the McRib sandwich makes a comeback at McDonald's
Snap, the parent of the social media messaging app Snapchat, is also being punished for a lacklustre earnings report, before the opening bell
Hardware & electrical equipment
Baird says Micron’s full ownership of IM Flash Technologies is a long-term positive
The analysts said the move gives Micron “full control over” its next-gen memory investments and capacity
Hardware & electrical equipment
Qualcomm accuses Apple of sharing trade secrets with Intel in a plot to replace its chips
The chipmaker accused Apple of engaging in "a multi-year campaign of sloppy, inappropriate and deceitful conduct”
Hardware & electrical equipment
Micron Technology shares slip after CFO says Trump's tariffs will hit business and issues disappointing outlook
In the three months ended August 30, Micron reported earnings of US$4.33bn or US$3.56 per share, on revenue of US$8.44bn
Hardware & electrical equipment
Goldman Sachs cools toward Micron, downgrades stock to Neutral from Buy
The analysts turned negative as memory downturns usually 'last for several quarters’ and can spur an acceleration in price declines
Hardware & electrical equipment
Baird analyst slashes price target on US chipmaker Micron Technology
Baird analyst Tristan Gerra says DRAM pricing is set to hit a peak in 3Q while the oversupply of NAND flash chips is worsening
Hardware & electrical equipment
Intel's stock downgraded by Goldman Sachs
Goldman analyst Toshiya Hari would adopt a more positive stance on Intel if the chipmaker were to refocus its portfolio
FTSE 100 closes slightly in red as traders sit on hands ahead of central bank updates
FTSE 100 closed down 0.46 points, or 0.01% at 7,700 on Monday
Hardware & electrical equipment
Intel shares slip despite riding past 2Q market estimates thanks to demand for chips
A surge in cloud computing lifted demand for chips in the second quarter
Hardware & electrical equipment
Apple’s MacBook Pro gets a makeover, including new Intel chips
The 13-inch and 15-inch laptops will feature eight-generation Intel chips, improved keyboards and other perks
PRE-MARKET MOVERS: Lee Enterprises lifts off after Berkshire Hathaway newpaper tie-up, while General Electric lights up too
Harley Davidson also rolled into view in pre-market, while Intel Corp lags after broker downgrade
Hardware & electrical equipment
Intel CEO steps down amid investigation into past relationship with an employee
The tech company also upped its guidance for the second quarter
Hardware & electrical equipment
Micron bucks Wall Street, soars to 18-year high
There’s been a ton of good news, and a US$10bn share buyback fueling the chip maker’s high-octane ascent
Investments and investor services
Mixed start expected ahead of GDP data as Amazon continues its quest to conquer the world
Tech giants old and new - namely Microsoft, Intel and Amazon - were tearing it up in pre-market trading after upbeat trading statements.
FTSE 100's dollar earners enjoy sterling's day of misery on the forex markets
The FTSE 100 index managed to finish just above 7,500, helped by sterling's dive on the foreign exchange markets
Hardware & electrical equipment
Intel shares soar after 1Q earnings smash Wall Street expectations
The chipmaker trounced market expectations by reporting earnings per share of US$0.87 on revenue of US$16.07bn
Latest Tesla executive departure hints at “impending problems”, says Jim Chanos
Tesla’s Autopilot boss has left the carmaker to join Intel and becomes the latest top-level executive to leave in the past year or so
Investments and investor services
Dow and Nasdaq up triple digits by the closing bell, led by Facebook and Visa
The Dow climbed up triple digits with the help of strong earnings from Facebook and Visa
Archive
Wall Street recovered losses to close in the red by a smidgen
Markets took their cue from a report that President Trump is not a target in the Mueller probe
Hardware & electrical equipment
Analyst: Much ado about Intel losing Apple
The computer maker accounts for less than 1% of Intel’s profit, says Stifel analyst