The value of Intel CEO Paul Otellini’s pay package rose 10 percent to $18.9 million last year as he prepared to retire. His departure next month follows a tough year during which Intel Corp. stumbled as the growing popularity of mobile devices reduced demand for the company’s personal computer chips. …read more
Source: FULL ARTICLE at Phys.org
Tag Archives: Intel Corp
Chip Stocks: Shorts Losing Interest in the Sector (INTC, AMD, QCOM, ARMH, MU, SNDK, BRCM, MRVL, NVDA, TXN, AMAT, SMH)
Filed under: Technology
We have tracked the key short interest changes as of February 28 in the following semiconductor leaders: Intel Corp. (NASDAQ: INTC), Advanced Micro Devices Inc. (NYSE: AMD), Micron Technology Inc. (NASDAQ: MU), SanDisk Corp. (NASDAQ: SNDK), Qualcomm Inc. (NASDAQ: QCOM), ARM Holdings PLC (NASDAQ: ARMH), Broadcom Corp. (NASDAQ: BRCM), Marvell Technology Group Ltd. (NASDAQ: MRVL), Nvidia Corp. (NASDAQ: NVDA), Texas Instruments Inc. (NASDAQ: TXN) and Applied Materials Inc. (NASDAQ: AMAT). We also chose to look at how the Market Vectors Semiconductor ETF (NYSEMKT: SMH) has held up.
Intel Corp. (NASDAQ: INTC) short interest rose 3.8% to 216.01 million shares. About 4.4% of Intel’s float is now short.
Advanced Micro Devices Inc. (NYSE: AMD) saw short interest drop by 0.8% to 85.74 million shares, or 14.2% of the company’s total float.
Qualcomm Inc. (NASDAQ: QCOM) short interest fell 7.8% to 14 million shares, which represents 0.8% of the company’s float.
ARM Holdings PLC (NASDAQ: ARMH) saw a 19.3% drop in short interest to 5.33 million shares, which represents about 1.2% of the firm’s float.
Micron Technology Inc. (NASDAQ: MU) showed a rise of 10.7% in short interest, to 73.23 million shares, or about 7.2% of Micron’s float.
SanDisk Corp. (NASDAQ: SNDK) saw short interest rise by 5.8% to 7.09 million shares, or 2.9% of the company’s float.
Short interest in Broadcom Corp. (NASDAQ: BRCM) increased 29.3% to 8.26 million shares. That is 1.6% of the total float.
Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a 12.1% drop in short interest, to 6.17 million shares, or about 1.4% of Marvell’s float.
Nvidia Corp. (NASDAQ: NVDA) short interest fell by 13.3% to 16.53 million shares, about 2.8% of the company’s float.
Texas Instruments Inc. (NASDAQ: TXN) saw short interest retreat 1.8% to 26.36 million shares, or 2.4% of the float.
Applied Materials Inc. (NASDAQ: AMAT) short interest dropped by 19% to 17.15 million shares, which is about 1.4% of the company’s float.
The Market Vectors Semiconductor ETF (NYSEMKT: SMH) showed a rise of 13.7% in short interest to 6.32 million shares.
With just a couple of exceptions, short interest fell in chip stocks during the two-week period ending February 28. Good earnings from chip makers in the mobile business cooled off shorts. The bets against Intel and the Market Vectors Semiconductor ETF rose, likely as a hedge against betting the wrong way on ARMH and the others.
Filed under: 24/7 Wall St. Wire, Semiconductor, Semiconductors, Short Interest, Technology, Technology Companies Tagged: AMAT, AMD, ARMH, BRCM, INTC, MRVL, MU, NVDA, QCOM, SMH, SNDK, TXN
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Deutsche Bank Says Buy the Enduring Eight Tech Stocks (CSCO, EMC, HPQ, IBM, INTC, MSFT, NTAP, ORCL)
Filed under: Technology, Earnings
During the bull market for technology stocks in the 1990s, investors eagerly awaited the quarterly results from the large-cap technology leaders. The personal computer was being totally integrated into the home and business environment and pricing was more competitive with each passing year. In a new research report, Deutsche Bank A.G. (NYSE: DB) says its time for investors to own the “Enduring Eight” big-cap technology leaders again.
With business fundamentals expected to improve in 2013, corporate spending is expected to follow suit. The analysts at Deutsche Bank expect an upturn in tech business spending in 2013, after a flattish 2012, as growth picks up and confidence improves. Companies have been frugal in their information and technology budgets, and their IT infrastructure has aged. Gartner forecasts around 5% annual growth in information technology (IT) spending from 2013 to 2016, led by storage and software.
One key reason cited for purchasing the large-cap tech leaders is that, in the Deutsche Bank view, large multinational companies treat the global tech giants as key operational partners and not mere vendors. The long-term and global relationships these tech leaders have with customers are part of their ability to endure the challenges of a dynamic and competitive industry – a key difference from consumer tech products. In addition, these companies are already key players in big data, cloud and mobility, the main drivers of business IT spending
These are the Deutsche Bank enduring eight tech stocks to buy:
Networking leader Cisco Systems Inc. (NASDAQ: CSCO) currently is trading near the $20 level. The Wall St. consensus estimate target for Cisco is $26.
Storage giant EMC Corp. (NYSE: EMC) makes the list. It is trading at what appears to be a support level of $23. The Thomson/First call price target is $30.
Hewlett-Packard Co. (NYSE: HPQ) is the only personal computer company to make the grade. It closed last Friday at $20.15, and the consensus target is lower at $17.50.
International Business Machines Corp. (NYSE: IBM), the leader in IT products and services worldwide, has a consensus price target of $230. The stock closed Friday at $202.91.
Semiconductor giant Intel Corp. (NASDAQ: INTC) is the only chip company to make the Deutsche Bank list. The stock closed Friday at $21.03 and has a consensus price target of $23.00.
Windows software maker Microsoft Corp. (NASDAQ: MSFT) also makes the Deutsche Bank list. The stock closed Friday at $27.95 and has a consensus target of $33.
Network storage solution leader NetApp Inc. (NASDAQ: NTAP) is trading near $33.95, which is way below the 52-week high of $46.80. The consensus price target is $40.
Application software giant Oracle Corp. (NASDAQ: ORCL) rounds out the enduring eight list. Trading close to its 52-week high at $34.63, it has a consensus price target of $38.
The analysts at Deutsche Bank point out that while growth disappointed in 2012, it should be better in 2013. Over the cycle, tech’s enduring eight have generated healthy growth, which has yet to be fully appreciated by investors. From 2006 to 2012, average …read more
Source: FULL ARTICLE at DailyFinance
Media Digest (3/4/2013) Reuters, WSJ, NYT, FT, Bloomberg
Filed under: Investing
President Obama suggests cuts in Social Security and Medicare to end a battle over budget cuts. (Reuters)
Bristol-Myers Squibb Co. (NYSE: BMY) may try a large acquisition to improve its fortunes. (WSJ)
Spending among wealthy households rises with stock market gains and higher wages, as lower income households struggle with high gasoline prices and higher taxes. (WSJ)
Worse-than-expected budget data causes Portugal to ask for better bailout terms. (WSJ)
Global app revenue will rise 62% to $25 billion this year. (WSJ)
A modest drop in oil prices may help Exxon Mobil Corp.’s (NYSE: XOM) M&A efforts. (WSJ)
Google Inc. (NASDAQ: GOOG) may move into desktops with Android and disrupt the profits of Intel Corp. (NASDAQ: INTC) and Microsoft Corp. (NASDAQ: MSFT). (WSJ)
Budget cuts may hurt jobs but are unlikely to harm corporate profits or the stock market. (NYT)
The reasons for many cyber attacks are not known. (NYT)
Transocean Ltd. (NYSE: RIG) may reinstate its dividend. (FT)
The sales of the Fiat 500 moved ahead of the Mini. (Bloomberg)
China luxury car sales could move ahead of those in the United States by 2016. (Bloomberg)
Apple Inc.’s (NASDAQ: AAPL) iWatch product could make more than its foray into TV. (Bloomberg)
Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BMY, GOOG, INTC, MSFT, RIG, XOM
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Chip and Infratructure Winners Steal Thunder at 2013 Mobile World Congress (SNE, INTC, BRCM, AMD, MRVL, FBRC)
Filed under: Technology, Earnings, Telecommunications
Typically the Mobile World Congress exposition focuses on the smartphone and handset part of the industry, and at this years recently completed show in Barcelona that was once again the case. While there were not a tremendous number of new device launches, new smartphones from LG, HTC and Sony Corp. (NYSE: SNE) made a splash. But in a note today from FBR & Co. (NASDAQ: FBRC), it was less about handsets, and more about infrastructure.
The research team at FBR Capital Markets notes that, surprisingly, the most meaningful announcements at Mobile World Congress 2013 were not handset-driven but rather emphasized the changes in data centers, delivery and infrastructure needed to enable next-generation handset service. The most significant takeaways from the meeting reinforce the idea that they are on the brink of a large-scale shift in data center architecture, and while not yet fully defined, this holds significant implications for chip companies.
The mobile ecosystem is expanding at lightning speed, with endless innovation and new applications of mobile technology. From contactless payments and augmented reality to embedded devices and connected cities, mobile technology is changing the landscape. The impact mobile will have on the world is limitless. The explosive growth of at-your-fingertips data has driven the need for data centers to change some of their basic infrastructure. According to the FBR team, this can have big implications for semiconductor companies.
Their report lists four semiconductor companies that may benefit from the change in data center architecture as companies strive to have the processing power to accommodate huge advances in technology.
Intel Corp. (NASDAQ: INTC), the leader in personal computing and laptop processors, is working to add new products that target the smartphone and tablet industry. The Thomson/First Call consensus price target for Intel is $23.
Troubled industry laggard Advanced Micro Devices Inc. (NYSE: AMD) has promising new low-power, low-cost semiconductors that may prove competitive. The stock has taken a beating over the years and trades at just $2.41 today. The Wall St. consensus estimate is $3.
Broadcom Corp. (NASDAQ: BRCM), which specializes in semiconductor solutions for wired and wireless communications, may have the most potential upside. The company operates in three segments: Broadband Communications, Mobile and Wireless, and Infrastructure and Networking. Its ability to offer solution for multiple segments of the industry may help sustain its heady growth prospects. The consensus price target is $40.
Marvell Technology Group Ltd. (NASDAQ: MRVL) is a big favorite of hedge fund manager David Einhorn, who has almost 6% of his total portfolio in the name. The company also may benefit from data center growth. The consensus price target is $15, which would represent almost a 50% move from today’s price of $10.12.
The inevitable growth of the wireless industry means that semiconductor companies will have to keep up their research and development expenditures to compete in a challenging and changing environment. The companies with the deepest pockets for R&D may prove to be the biggest winners.
Filed under: 24/7 Wall St. Wire, Analyst Calls, Technology, Technology Companies, …read more
Source: FULL ARTICLE at DailyFinance
Can Intel Foundry Growth Offset PC Weakness and Evolution to Mobility?
Filed under: Technology
A news announcement earlier this week has gone largely unnoticed, even though it might be a game-changer for Intel Corp. (NASDAQ: INTC) now that the computing world for processors is changing so much toward smartphones, tablets and other devices. Altera Corp. (NASDAQ: ALTR) confirmed that future manufacturing of Altera FPGAs would be on Intel’s 14 nanometer tri-gate transistor technology.
Intel’s foundry business does not disclose all of its partners and clients, but the clients that have been named to date have been very small. They are Achronixm Netronome and Tabula. Adding Altera to the list is a big win, and it can ultimately help Intel lead to other larger companies as well.
It is not as important that their next-generation products will target ultra-high-performance systems for military, wireline communications, cloud networking and computing and storage applications. What matters here is that chip and programmable logic companies may be able to get the best of both worlds by utilizing Intel’s manufacturing prowess while saving on their capital and manufacturing expenses.
What can come from this is a faster move to silicon convergence, integration efforts and economically flexible alternatives. Intel’s greatest advantage over other traditional processor makers has been that it has been its own manufacturer for the most part. If outside companies are going to take advantage of this, it represents a new business model and means that Intel will not have to lighten up on its deep technology workforce ahead.
The move may not get Intel any farther along in the race to win processor orders for smartphones and tablets, where it is still trying to gain a foothold. That being said, it may make up at least a part of what has been an eroding business loss from the PC side of the business.
The processor business totally dominates Advanced Micro Devices Inc. (NYSE: AMD). AMD has even moved to a fab-lite model. The mobility side of the competitive equation is the ongoing challenge from Qualcomm Inc. (NASDAQ: QCOM) and from ARM Holdings PLC (NASDAQ: ARMH). Both of those companies are beating Intel, and other entrants want a piece of that space too.
Intel’s shares remain stuck around the $20 mark. After a 2.6% gain to $27.76 today, its 52-week range is $19.23 to $29.27. The long and short of the matter is that Intel remains very pressured, and new markets may be the only way that Intel can find real growth. Sales in PCs remain under pressure by almost all reports, and analysts only expect sales growth of almost 2% in 2013 and almost 5% in 2014. For Intel’s sales growth to resume, it will require more processor sales on the mobility side of the operations or on the foundry side of the equation. Intel is at least proving that the latter case is possible.
Filed under: 24/7 Wall St. Wire, Semiconductor, Semiconductors, Technology, Technology Companies Tagged: ALTR, AMD, ARMH, INTC, QCOM
Read | <a target=_blank href="http://dailyfinance.com/2013/02/26/can-intel-foundry-growth-offset-pc-weakness-and-evolution-to-mobility/" rel="bookmark" …read more
Source: FULL ARTICLE at DailyFinance
Key insider trading cooperator sentenced in NY
A New York judge who came to court determined to send a Massachusetts hedge fund co-founder to prison for insider trading changed his mind after a prosecutor described his key role in a historic prosecution.
Federal Judge Sidney Stein instead ordered Steven Fortuna of Westwood, Mass., to serve six months home confinement. Stein said Wednesday a prison sentence was appropriate and even necessary until he heard a prosecutor describe the extent of 50-year-old Fortuna’s cooperation in what prosecutors once called the biggest insider trading case in history.
The judge noted that Fortuna’s cooperation helped the government convict a close friend of a corrupt billionaire hedge fund founder and a former top Intel Corp. executive. Both were sentenced to prison terms. More than two dozen people were convicted in the prosecution.
Intel Goes After Set-top Box Market
Filed under: Technology
One of the worst-kept secrets in the technology world was finally confirmed today. Intel Corp. (NASDAQ: INTC) is building an Internet TV set-top box that it says will launch by the end of this year. Intel has big plans for its Internet TV — but then which company doesn’t.
Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG) both have Internet TV boxes out there already, as do smaller makers like Roku, Boxee, as well as Sony Corp. (NYSE: SNE) and Vizio, both of which use Google’s technology. Hardware and software are not the problem.
The problem is content. Intel and all the others face reluctant entertainment and pay TV industries that either do not want to license new streaming content except at very high fees (studios) or do not want to offer a la carte programming to subscribers (pay TV). The vice-president of Intel’s new Intel Media group told conference audience today, ” We’re working with the entire industry to figure out how we get live TV to consumers over the Internet.”
The TV and movie studios do not want to give away the farm the way the music business did to Apple iTunes. Whether or not Intel and its deep pockets can make a substantial difference here remains to be seen. Rather than keep their movies and programming locked in a vault, the production companies should be trying to forge partnerships with the techie crowd and make their content available at reasonable prices to consumers.
And the pay TV cable and satellite providers are not going to hide behind their bundling practices forever either. But Intel is going to have to break through to these guys as well
If any of this were easy, someone would already be doing it. And one has to wonder about Intel’s vice-president who wants to get “live TV to consumers over the Internet.” The reason to make programming available on the Internet is not so people get to choose their transmission scheme. Who cares?
People want to watch their favorite shows and movies when it’s convenient for them, not the pay TV channels or the broadcast networks. About the only things people want to watch live are sports and award shows. The next episode of “Downton Abbey” or “CSI” can be watched anytime.
Intel probably has no better chance at getting all the various players to agree on an Internet TV scheme than does Apple or Google or anyone else. Still, it’s nice to think they might be able to do it.
Filed under: 24/7 Wall St. Wire, Entertainment, Internet, Technology Companies, TV Tagged: AAPL, GOOG, INTC, SNE
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Short Interest Repositions in Chip Makers (INTC, AMD, QCOM, ARMH, MU, SNDK, BRCM, MRVL, NVDA, TXN, AMAT, SMH)
Filed under: Technology
We have tracked the key short interest changes as of January 31 in the following semiconductor leaders: Intel Corp. (NASDAQ: INTC), Advanced Micro Devices Inc. (NYSE: AMD), Micron Technology Inc. (NASDAQ: MU), SanDisk Corp. (NASDAQ: SNDK), Qualcomm Inc. (NASDAQ: QCOM), ARM Holdings PLC (NASDAQ: ARMH), Broadcom Corp. (NASDAQ: BRCM), Marvell Technology Group Ltd. (NASDAQ: MRVL), Nvidia Corp. (NASDAQ: NVDA), Texas Instruments Inc. (NASDAQ: TXN) and Applied Materials Inc. (NASDAQ: AMAT).
We also chose to look at how the Market Vectors Semiconductor ETF (NYSEMKT: SMH) has held up.
Intel Corp. (NASDAQ: INTC) short interest fell 4.3% to 196.96 million shares. About 4% of Intel’s float is now short.
Advanced Micro Devices Inc. (NYSE: AMD) saw short interest drop by 11.1% to 89.97 million shares, or 14.9% of the company’s total float.
Qualcomm Inc. (NASDAQ: QCOM) short interest fell 12.2% to 12.71 million shares, which represents 0.7% of the company’s float.
ARM Holdings PLC (NASDAQ: ARMH) saw an 18.3% rise in short interest to 5.38 million shares, which represents about 1.2% of the firm’s float.
Micron Technology Inc. (NASDAQ: MU) showed a rise of 4.6% in short interest to 56.77 million shares, about 5.6% of Micron’s float.
SanDisk Corp. (NASDAQ: SNDK) saw short interest rise of 2% to 7.21 million shares, or 3% of the company’s float.
Broadcom Corp. (NASDAQ: BRCM) saw short interest fall by 2.7% to 6.28 million shares, or 1.2% of the total float.
Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a 1.6% drop in short interest to 6.32 million shares, about 1.5% of Marvell’s float.
Nvidia Corp. (NASDAQ: NVDA) short interest fall by 24.5% to 16.67 million shares, or about 2.8% of the company’s float.
Texas Instruments Inc. (NASDAQ: TXN) saw short interest rise by 13.5% to 22.89 million shares, or 2.1% of the company’s float.
Applied Materials Inc. (NASDAQ: AMAT) short interest grew by 40% to 16.73 million shares. That is about 1.4% of the company’s float.
The Market Vectors Semiconductor ETF (NYSEMKT: SMH) showed a rise of 22.1% in short interest to 4.94 million shares.
Rising short interest in companies like Intel and AMD that have either a small or no presence in the mobile market reversed itself during this period. The increase at ARM came before the company reported quarterly earnings and boosted guidance. The huge short interest jump in the Applied Materials comes ahead of the company’s earnings report, which is scheduled for tomorrow.
Filed under: 24/7 Wall St. Wire, Semiconductor, Semiconductors, Short Interest, Technology, Technology Companies Tagged: AMAT, AMD, ARMH, BRCM, INTC, MRVL, MU, NVDA, QCOM, SMH, SNDK, TXN
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Ex-Div Reminder for Intel Corp
By DividendChannel.com Looking at the universe of stocks we cover at Dividend Channel, on 2/5/13, Intel Corp (NASD: INTC) will trade ex-dividend, for its quarterly dividend of $0.225, payable on 3/1/13. As a percentage of INTC‘s recent stock price of $21.19, this dividend works out to approximately 1.06%, so look for shares of Intel Corp to trade 1.06% lower ? all else being equal ? when INTC shares open for trading on 2/5/13.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen » or click here to find out which 9 other stocks going ex-dividend you should know about, at DividendChannel.com »
Source: FULL ARTICLE at Forbes Markets
MARKET SNAPSHOT: U.S. Stocks Gain But Intel Results Disappoint
Wall Street on Friday headed to a third week of gains as investors weighed disappointing earnings from chip-maker Intel Corp. against news that the House of Representatives will vote next week on a short-term increase in the U.S. debt ceiling.
Source: FULL ARTICLE at Fox Business Headlines
TECH STOCKS: Intel Keeps Tech Stocks Down; RIM Jumps
A sharp sell-off in the chip sector — led by Intel Corp. — kept most tech stocks in the red late Friday afternoon, though Research In Motion Ltd. held on to a strong gain following a brokerage upgrade.
Source: FULL ARTICLE at Fox Business Headlines
MARKET SNAPSHOT: U.S. Stocks Waver; Intel Results Disappoint
Wall Street stalled on Friday as investors weighed disappointing earnings from chip maker Intel Corp. and a decline in consumer sentiment against news that the House of Representatives will vote next week on a short-term increase in the U.S. debt ceiling.
Source: FULL ARTICLE at Fox Business Headlines
MARKET SNAPSHOT: U.S. Stocks Drop After Intel Results Disappoint
Disappointing earnings from chip maker Intel Corp. and a decline in consumer sentiment pressured stocks on Friday, a day after the S&P 500 Index closed at its highest level since late 2007.
Source: FULL ARTICLE at Fox Business Headlines
MARKET SNAPSHOT: U.S. Stocks Waver; GE Gains After Results
General Electric Co.’s results helped neutralize disappointment with Intel Corp.’s quarterly release, lifting the Dow Jones Industrial Average Friday even as consumer confidence fell.
Source: FULL ARTICLE at Fox Business Headlines
TECH STOCKS: Intel Hurts Techs; RIM, Netflix, Amazon Rise
Tech stocks mostly fell in early trades Friday, as a sell-off on Intel Corp. offset sharp gains on stocks like Research In Motion Ltd. and Netflix Inc.
Source: FULL ARTICLE at Fox Business Headlines
MARKET SNAPSHOT: U.S. Stocks Shift Between Gains And Losses
General Electric Co.’s results helped neutralize stock investors’ disappoint with Intel Corp.’s quarterly release, lifting the Dow Jones Industrial Average Friday ahead of a report on consumer confidence.
Source: FULL ARTICLE at Fox Business Headlines
EUROPE MARKETS: Europe Stocks Are Slightly Higher, Thanks To China
European stock markets stuck largely to the flat line on Friday, with news of better-than-expected growth out of China, balanced by downbeat earnings from chip giant Intel Corp.
Source: FULL ARTICLE at Fox Business Headlines
EUROPE MARKETS: Europe Stocks Steady, Though China Supports
European stock markets stuck largely to the flat line on Friday, with news of better-than-expected growth out of China, balanced by downbeat earnings from chip giant Intel Corp.
Source: FULL ARTICLE at Fox Business Headlines
TECH STOCKS: Intel, EBay Stand Out In Broad Tech Gains
Tech stocks put in day of broad gains Thursday, with Intel Corp. among the advancers as the semiconductor giants got a late boost after putting out its quarterly results just minutes before the market closed.
Source: FULL ARTICLE at Fox Business Headlines