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Intel has strong Q2, revenues up 12%

Posted Jul 15th 2009 8:00AM by Tom Johansmeyer (RSS feed)
Filed under: Earnings Reports, Good news, Intel (INTC), Technology

Intel (NASDAQ: INTC) had Q2 revenues of $8 billion, up 12% from Q1 and beating analyst expectations of $7.23 billion soundly. This was the best quarter-over-quarter growth rate for the world's largest chip manufacturer in more than 20 years -- and a good sign for the technology sector as a whole.

The company's profit of 18 cents a share was more than double the consensus of 8 cents, and the good news sent Intel's stock up 7% in after-hours trading.

This report didn't include a $1.45 billion fine that the European Commission imposed on the company back in May. This would have pushed Intel to a loss of $398 million (7 cents a share). But Intel is appealing the decision, which involved accusations of an abuse of market position. The company puts chips into 80% of computers.

Continue reading Intel has strong Q2, revenues up 12%

Intel freezes top salaries, re-prices worthless options

Posted Mar 23rd 2009 2:35PM by Joseph Lazzaro (RSS feed)
Filed under: Intel (INTC), Stocks to Buy

Intel's announcement that it plans to freeze senior top executives salaries and revise its option pricing may is another cost-containment step by the company -- but one nevertheless not without some unanswered questions.

That's because although Intel (NASDAQ: INTC) said it would not grant raises to top professionals including CEO Paul Otellini and CFO Stacy Smith, Bloomberg News reported Monday, the proposed action, if approved by shareholders, will also allow employees to exchange underwater stock options for ones with a lower exercise price.

Continue reading Intel freezes top salaries, re-prices worthless options

Intel to invest $7 billion at U.S. manufacturing facilities, supporting 7,000 jobs

Posted Feb 10th 2009 12:00PM by Joseph Lazzaro (RSS feed)
Filed under: Good news, Intel (INTC), Technology

Can you believe it? The words 'invest,' 'manufacturing,' 'jobs,' and 'U.S.' in the same sentence.

No, it's not a joke. Intel (NASDAQ: INTC) announced Tuesday it will invest $7 billion over the next two years to build advanced manufacturing facilities in the United States, supporting about 7,000 jobs.

Intel said the investment will fund the build-out and deployment of the company's 32 nanometer (nm) manufacturing technology, which will be used to build faster, smaller chips that are also more energy-efficient.

Continue reading Intel to invest $7 billion at U.S. manufacturing facilities, supporting 7,000 jobs

Intel (INTC) still has the intelligence edge

Posted Apr 24th 2008 2:12PM by Joseph Lazzaro (RSS feed)
Filed under: Intel (INTC), Stocks to Buy

Readers of this space know that the investment bias is toward large-cap companies with demonstrated business models and a competitive advantage in established markets, preferably with a favorable global trend as a support. With this in mind, Intel is worth an evaluation.

Intel (NASDAQ: INTC) is the world's largest semiconductor maker, as measured by revenue and unit shipments, and is the dominant microprocessor manufacturer for personal computers.

In general, analysts expect F2008 revenue to increase 5-7%, after an 8% increase in F2007. The conventional wisdom in semiconductor analysis land now suggests that smaller/more-portable computer forms and media-rich PDAs will drive strong PC and PDA microprocessor sales.

Further, Intel remains the leader in next-generation chip technology, and its product mix remains superior. Gross margins should increase, as a result of lower unit costs and improved plant utilization. Also, high-performance chip prices should increase noticeably.

Continue reading Intel (INTC) still has the intelligence edge