Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Software and Services, and All Other segments. The companys platforms are used in various computing applications comprising notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, retail devices, and manufacturing devices, as well as for retail, transportation, industrial, buildings, home use, and other market segments. It offers microprocessors that processes system data and controls other devices in the system; chipsets, which send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive or solid-state drive, and optical disc drives; and system-on-chip products.
Intel plans to cut thousands of jobs Intel Corp (INTC) is planning to cut thousands of jobs this spring, including reducing headcount in some business units by double-digit percentages, news website Oregonlive said, citing sources inside the company familiar with the plan. Read full article here: http://www.msn.com/en-us/money/companies/intel-plans-to-cut-thousands-of-jobs-report/ar-BBrO83b
INTC reports after the bell and there is small decline today as the Nasdaq is down 15 ponts. If INTC disappoints it could drag the whole tech sector down, if not up we go
Intel’s Next Threat: AMD Chinese Deal May Plunder Server Market Advanced Micro Devices (AMD) is making a play for Intel’s (INTC) Chinese server market — and maybe “Super 7” clients Alibaba (BABA), Baidu (BIDU) and Tencent (TCEHY) — as the No. 1 chipmaker prepares for 12,000 layoffs, MKM analyst Ian Ing suggested Friday. Late Thursday, during AMD’s Q1 earnings call, AMD CEO Lisa Su announced a $293 million joint venture with China’s Tianjin Haiguang Advanced Technology Investment to “help gain share in the fastest-growing region of the server market.” Su might as well have shouted a battle cry. This week, Intel announced a 12,000-layoff restructuring plan, cutting about 11% of its workforce, to “intensify” investments in the Internet of Things, memory and data centers. Intel’s Q1 data center sales rose 9% year over year, vs. 7% for the company overall. AMD’s Chinese joint venture is “(the) best challenge yet to Intel’s server dominance,” MKM analyst Ian Ing wrote in a research report. Last year, Chinese officials announced a plan to curb reliance on foreign chips. Partnering in China gives AMD “access to design and IP resources that are tailored to the China market and significant local field sales and support resources to help win designs at a wide range of customers,” Ing wrote. Intel’s turn from PC reliance — 55% of its total sales in Q1 — could further boost AMD, which might scoop some PC market share, Ing wrote as he upgraded AMD stock to buy from neutral but maintained his price target of 4. More http://www.investors.com/news/techn...ver-market/?ven=YahooCP&src=AURLLED&ven=yahoo
Intel Beats PC Doldrums On Apple iPhone 7 As Rival AMD 'Cracks' No 1 chipmaker Intel (INTC) will breeze through the PC doldrums thanks to Apple's (AAPL) iPhone 7, but rival Advanced Micro Devices' (AMD) three quarters of better-than-expected sales will likely "crack," forcing shares to tumble from four-year highs, analysts said Friday. In early afternoon trading on the stock market today, Intel stock was up 2%, near 34, while Advanced Micro Devices stock was up 1.5%, above 5. The companies are slated to report Q2 earnings on July 20 and July 21, respectively. Intel stock broke out a flat base at a 32.79 buy point on June 23, so it remains within buy range. http://www.investors.com/news/techn...amd-cracks/?ven=YahooCP&src=AURLLED&ven=yahoo
Intel Stock Rises on Analysts' Upgrades (INTC, AAPL) Shares of Intel Corporation (INTC) are rising about 2% in the early trading session Friday after the semiconductor company received multiple upgrades from analysts at Bernstein and RBC, who see positive improvements in the company's competitive position. http://www.investopedia.com/article...alysts-upgrades-intc-aapl.asp?partner=YahooSA
The chipmaker reported earnings of 59 cents per share on revenues of $13.53 billion. Analysts expected Intel to post earnings of 53 cents a share on $13.54 billion in revenue, according to a consensus estimate from Thomson Reuters. Nice gamble leonx if you got in. I wont lie, I bought to Open INTC AUG 19 2016 34.50 PUTS 2c @ $0.51
AverageJoesTrades, I did pick up 5 JUL 29 $35.50 puts for $0.68. Hope the price stays as it is or better to drop more. so that we both can make some profits.
to be honest, I'm kicking myself. I meant to grab some 7/22s. They're gonna be ripping tomorrow if the price stays as is or gets better.
I sold my puts early bc I'm a chicken shit. Sold to close @ .87 this morning. Oh well, profit is profit - right?
AverageJoesTrades, total agree with you - profit is profit. I have just sold my puts a minute ago for $1.51.
Advanced Micro Devices and Intel Showing Signs of Stabilization http://marketrealist.com/2016/08/am...n-pc-market/?utm_source=yahoo&utm_medium=feed
