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Stock Market & Financial Investment News

News Breaks
February 26, 2013
14:00 EDTTSM, ALTR, XLNX, INTCIntel, 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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December 22, 2014
06:17 EDTTSMChang: TSMC needs long-term perspective for China, DigiTimes reports
TSMC Chairman Morris Chang said the company has to develop a long-term perspective about investing in China, reports DigiTimes. Chang said TSMC is still immature at this stage in making further investments, calling it a "sticks and carrots" strategy for international firms. Reference Link
December 19, 2014
10:17 EDTXLNX, ALTROn The Fly: Analyst Downgrade Summary
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07:43 EDTALTRAltera downgraded to Neutral from Buy at BofA/Merrill
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07:43 EDTXLNXXilinx downgraded to Underperform from Neutral at BofA/Merrill
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07:42 EDTINTCEPAM, WisdomTree added to Franchise Pick list at Jefferies
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December 18, 2014
10:01 EDTINTCOn The Fly: Analyst Initiation Summary
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06:25 EDTXLNXXilinx initiated with a Neutral at Citigroup
Target $43.
06:16 EDTINTCIntel initiated with a Neutral at Citigroup
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06:12 EDTALTRAltera initiated with a Neutral at Citigroup
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December 17, 2014
08:55 EDTINTCJD.com signs partnership pact with Intel on shopping tech, Marbridge Daily says
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December 16, 2014
11:31 EDTINTCRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link
09:06 EDTALTRAltera shares undervalued, says Argus
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December 15, 2014
08:40 EDTTSMCLSA technology analysts hold a luncheon meeting
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December 11, 2014
09:19 EDTALTRAltera volatility increases on sharp three-month price movement
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09:05 EDTTSMTSMC reports November sales down 10.5% to $2.32B, DigiTimes reports
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06:32 EDTTSMGlobalfoundries hope to win orders from Qualcomm and Apple, DigiTimes reports
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December 10, 2014
16:23 EDTALTRAltera sees 2015 capital expenditures of $28M
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December 8, 2014
10:00 EDTTSMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
06:13 EDTTSMTSMC upgraded to Buy from Neutral at BofA/Merrill
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