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Stock Market & Financial Investment News

News Breaks
February 26, 2013
14:00 EDTALTR, XLNX, INTC, TSMIntel, Altera advance after announcing semiconductor pact
Intel (INTC) and Altera (ALTR) are climbing after the two companies last night announced that Altera had agreed to use Intel's 14 nanometer tri-gate transistor technology to develop its programmable semiconductors. Altera's semiconductors target ultra high-performance systems for military, wireline communications, cloud networking, and compute and storage applications, the companies stated. "Next-generation products from Altera require the highest performance and most power-efficient technology available, and Intel is well positioned to provide the most advanced offerings," Intel COO Brian Krzanich stated. In a note to investors earlier today, Citigroup analyst Glen Young wrote that the deal is positive for both Intel and Altera. Intel obtained its first deal to develop semiconductors for another company at healthy margins, while Altera gained access to differentiating technology, Young believes. Intel's tri-gate technology is expected to deliver a 50% decrease in active power consumption, a 10x reduction in idle power consumption, and/or a 37% improvement in chip performance, the analyst explained. Meanwhile, the deal may carry margins as high as the mid-50s percentage range for Intel, added Young. One company that may not look favorably upon the deal is Taiwan Semiconductor Manufacturing Co. (TSM). The latter company has dominated semiconductor development and develops semiconductors for Altera, Stifel Nicolaus analyst Patrick Ho wrote in a note to investors earlier today. If Intel chooses to enter full force into the business of developing semiconductors for other companies, TSM would lose its edge in this business, Ho believes. In mid-afternoon trading, Intel climbed 2.70% to $20.80, Altera rose 2.8% to $36, and Taiwan Semiconductor fell 2.5% to $17.75. Meanwhile, Xilinx (XLNX), which also develops programmable semiconductors, lost 2% to $36.60.
News For INTC;ALTR;TSM;XLNX From The Last 14 Days
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April 10, 2015
05:55 EDTALTRAltera implied volatility of 61 at upper end of index
05:54 EDTTSMTSMC to begin Phase 5 construction of Fab 15 facility in May, DigiTimes says
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April 9, 2015
18:11 EDTINTCWorldwide PC shipments decline 6.7% in Q1, IDC says
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16:00 EDTALTROptions Update; April 9, 2015
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13:59 EDTALTRAltera turns positive on the day, levels to watch
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12:45 EDTINTC, XLNX, ALTRAltera report doesn't mean deal is off, says Raymond James
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12:22 EDTINTCIntel unit awarded contract by DOE's Argonne Leadership Computing Facility
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11:40 EDTALTRAltera rallies back to flatline after early gap
The stock has staged a remarkable turnaround on extremely heavy volume that is more than 5 times greater than the daily average. At the last price of $41.86, the stock is off the high of the day at $42.42 which is now resistance. Support is at $41.15.
11:34 EDTALTR, INTCAltera calls active on report of no deal
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10:49 EDTALTR, INTCAltera was offered $54 per share before turning down Intel, Bloomberg says
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10:13 EDTALTRHigh option volume stocks
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09:36 EDTINTC, ALTRActive equity options trading on open
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09:26 EDTINTCIntel falls after ending Altera talks, levels to watch
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09:12 EDTALTRAltera tumbles after Intel ends talks to acquire company
The shares are down over 9% in the pre-market to $37.95 following news that Intel (INTC) was dropping out of discussions to buy the company. At current price next support is at $37.30. The drop in price takes the shares back to the top of the previous range for the year.
09:06 EDTALTR, XLNX, INTCIntel ends talks to acquire Altera, CNBC's Faber reports
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09:02 EDTINTC, ALTRAltera talks ended with Intel, CNBC's Faber says
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05:44 EDTINTCIntel sales, margins could bottom in March quarter, says Wells Fargo
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April 8, 2015
20:17 EDTINTCAppeals court questions Google in patent dispute with Microsoft, Reuters says
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05:57 EDTALTRAltera implied volatility of 56 at upper end of index
April 7, 2015
09:57 EDTINTC, ALTRAltera negotiations with Intel continue, says dealReporter
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