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November 29, 2012
10:20 EDTBRCM, INTCBroadcom climbs, Intel falls after Citi changes Q4 estimates
Broadcom (BRCM) is advancing and Intel (INTC) is declining after Citigroup was upbeat about the former company and downbeat about the latter one in a note to investors earlier today. Citigroup analyst Glen Yeung raised his fourth quarter revenue estimate on Broadcom, and he expects the company to increase its guidance at its Analyst Day on December 6. The company is benefiting from greater availability of Apple's (AAPL) iPhone 5, and strong sales of Samsung devices, explained Yeung. Furthermore, Cisco's (CSCO) outlook earlier this month was "somewhat optimistic," said Yeung, who views Broadcom's fourth quarter guidance as conservative. The analyst maintained a Buy rating on the stock. Conversely, Yeung reduced his price target on Intel to $21 from $23, and believes that the company is likely to report lower than expected fourth quarter results. Data indicates that computer notebook sales have been weak this quarter, explained the analyst, who maintained a Neutral rating on the shares. In early trading, Broadcom gained 0.65% to $32.37 and Intel fell 1.62% to $19.76.
News For BRCM;INTC From The Last 14 Days
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August 29, 2014
18:24 EDTINTCIntel hires senior Qualcomm executive to bolster mobile business, Reuters says
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August 28, 2014
15:03 EDTBRCMCSR a potential target for TI, Broadcom after spurning Microchip, Bloomberg says
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August 27, 2014
09:06 EDTBRCMBroadcom volatility at record lows
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07:43 EDTBRCMJefferies to hold a summit
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07:23 EDTINTCIntel plans high-end 'smart bracelet,' Business Insider says
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August 26, 2014
07:20 EDTINTCTablets seen declining, notebooks growing in 2014, DigiTimes says
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06:26 EDTINTCIntel looking to ship 25M tablet processors in 2H, DigiTimes reports
Intel is looking to ship 25M units of its tablet processors in 2H in a move to ship 40M units this year, sources from the upstream supply chain tell DigiTimes. The company shipped under 15M tablet processors in 1H. Reference Link
August 25, 2014
06:30 EDTINTCIntel, Chunghwa Telecom sign cooperation MOU for IoT, DigiTimes reports
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August 24, 2014
21:56 EDTINTC, BRCMB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
August 20, 2014
13:05 EDTINTCIntel and Unity collaborate to extend Android support across Intel-based devices
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August 18, 2014
10:29 EDTINTCGoldman cuts sector view on semiconductors to Cautious
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08:04 EDTINTCSemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
August 15, 2014
06:23 EDTINTCIntel teaming with SMS Audio for biometric earbuds, WSJ reports
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