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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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February 26, 2015
11:03 EDTINTCSamsung ranks first in 2014 EU patent applications
The European Patent Office reports that Samsung (SSNLF) was ranked first in number of European patent applications for 2014 with 2,541 applications filed. Philips (PHG) took second place with 2,317, Siemens (SIEGY) took third with 2,133, BASF (BASFY) took sixth with 1,530, Qualcomm (QCOM) took seventh with 1,459, Ericsson (ERIC) took ninth with 1,347, and Intel (INTC) took 10th with 1,054 applications filed.
06:30 EDTINTCARM Holdings looking to expand to Internet of Things, servers, WSJ reports
ARM Holdings (ARMH) is trying to break into the nascent Internet of Things market and the server segment, according to The Wall Street Journal. In the server market, ARM is looking to take share from Intel (INTC), the newspaper stated. Reference Link
06:26 EDTINTCCiti sees downside risk to consensus estimates for Intel
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February 25, 2015
10:34 EDTINTCHP slide after currency driven guidance cut called buying opportunity
The shares of Hewlett-Packard (HPQ) are falling after the company reported lower than expected first quarter revenue and sharply lowered its free cash flow guidance and cut its fiscal year profit view. However, analysts at Citigroup, Bernstein, and Brean Capital all recommended buying the stock on weakness in separate notes to investors today. BACKGROUND: HP reported slightly higher than expected Q1 profits, but its revenue came in below expectations. The company sharply lowered its fiscal 2015 free cash flow guidance to $3.5B-$4B from its previous outlook of $6.5B-$7B. The tech giant also lowered its fiscal 2015 EPS guidance to $3.53-$3.73 from its previous outlook of $3.83-$4.30. "While we were able to manage the impact of currency in the quarter and deliver earnings as expected, we believe the impact on FY15 will be significantly greater than we anticipated in November. We'll work hard to offset these impacts through re-pricing and productivity, but fully mitigating currency movements of this size would require reducing investments and mortgaging our future. We won't do that," said HP CEO Meg Whitman. ANALYST REACTION: The decline in HP's EPS guidance was entirely due to foreign currency fluctuations, while most of the cut in its free cash flow guidance was caused by one-time costs related to the upcoming split of HP into two separate companies, Citi analyst Jim Suva stated. Most of the company's businesses "continue to perform well or at least make progress," wrote Suva. The decline in the stock has created an attractive entry point for investors who are looking to own the shares in order to benefit from the break-up, according to the analyst. He kept a Buy rating on the shares. Bernstein analyst A.M. Sacconaghi was less upbeat on HP's outlook, but also recommended buying the shares on today's weakness. Although revenue estimates for HP may be too high, the stock's valuation remains attractive, as it is the second least expensive tech stock in the S&P 500, according to Sacconaghi, who believes the shares are worth $45-$50. Cautioning that HP's stock is likely "to be in the penalty box" in the near-term, Sacconaghi nonetheless believes that the shares could get a significant boost when the company provides more information about its spin-off. He recommended that investors buy the stock on today's weakness and kept an Outperform rating on the shares. HP's fundamentals haven't changed, as the company continues to expect its revenue to remain flat in fiscal 2015, and it has not changed its capital return guidance, Brean Capital analyst Ananda Baruah stated. The company also continues to expect free cash flow of at least $5B-$6B in 2016 and beyond, Baruah added. Moreover, HP's share repurchases are unlikely to be significantly reduced as a result of the decline in its free cash flow guidance, the analyst predicted. Baruah recommended buying the stock on today's weakness and kept a $45 price target and Buy rating on the shares. PRICE ACTION: In early trading, HP fell 9.5% to $34.84. OTHERS TO WATCH: Other large cap PC levered names are also weak in morning trading after HP's report last night, with Microsoft (MSFT) down 0.25% and Intel (INTC) down 1.2%.
09:25 EDTINTCCisco, Apple among U.S. names cut from China state buying list, Reuters says
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07:27 EDTINTC, XLNX, ALTRThe Linley Group to hold a conference
Linley Data Center Conference 2015 is being held in Santa Clara, California on February 25-26.
February 23, 2015
09:59 EDTINTCOn The Fly: Analyst Initiation Summary
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08:46 EDTINTCIntel initiated with an Outperform at Exane BNP Paribas
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07:46 EDTALTRAltera management to meet with Deutsche Bank
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February 17, 2015
17:02 EDTINTCSoros Fund Management gives quarterly update on stakes
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09:19 EDTINTCDocument Security files patent infringement claims against Intel, others
DSS Technology Management, a subsidiary of Document Security (DSS), announced the filing of a patent infringement lawsuit against the Intel (INTC); Dell; GameStop (GME); Conn's Inc. (CONN) and Conn Appliances; NEC Corporation of America; Wal-Mart Stores (WMT) and Wal-Mart Stores Texas, and AT&T (T) in the United States District Court for the Eastern District of Texas, Tyler Division. DSS's complaint alleges infringement by Intel, Dell, GameStop (GME), Conn's, NEC, Wal-Mart, and AT&T of US Patents 5,965,924 and 6,784,552, which relate to semiconductor manufacturing.
07:22 EDTALTR, INTCMitsubishi UFJ to hold a tour
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05:55 EDTINTCIntel to delay launch of 14nm Skylake desktop CPUs, DigiTimes reports
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February 13, 2015
06:14 EDTTSMTSMC transfers more peripheral IC orders to Vanguard, DigiTimes reports
TSMC (TSM) has transferred more orders for peripheral ICs for use in Apple's (AAPL) mobile devices to Vanguard International, reports DigiTimes. According to industry sources, Vanguard has already entered Apple's supply chain by providing TSMC 8-inch production capacity for power management IC orders placed by Dialog Semiconductor. Reference Link

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