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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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May 19, 2015
07:26 EDTXLNXXilinx upgraded to Overweight on FPGA opportunity at Pacific Crest
Pacific Crest upgraded Xilinx to Overweight saying the breakdown in Dennard scaling and Dark Silicon are underappreciated positives for field-programmable gate array makers. The firm set a $60 price target for shares.
06:10 EDTINTC, ALTRCiti sees over 50% chance of Intel buying Altera
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06:00 EDTALTRStocks with implied volatility above IV index mean; KORS ALTR
Stocks with implied volatility above IV index mean; Michael Kors (KORS) 38, Altera (ALTR) 72 according to iVolatility.
05:59 EDTXLNXXilinx upgraded to Overweight from Sector Weight at Pacific Crest
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May 18, 2015
16:00 EDTALTROptions Update; May 18, 2015
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12:51 EDTINTC, ALTROn The Fly: Top stock stories at midday
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10:40 EDTALTR, INTCIntel, Altera held principal to principal talks late last week, Faber says
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09:44 EDTALTRAltera rallies as takeover talks said to resume with Intel
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09:11 EDTINTC, ALTRIntel, Altera held 'principal to principal' talks last week, CNBC reports
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07:06 EDTINTC, ALTRAltera back in talks with Intel about potential takeover, NY Post says
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05:56 EDTALTRStocks with implied volatility above IV index mean; VOD ALTR
Stocks with implied volatility above IV index mean; Vodafone (VOD) 24, Altera (ALTR) 73 according to iVolatility.
May 15, 2015
06:13 EDTINTCISS, Glass Lewis advise Intel investors to vote 'no' on eBay CEO, WSJ reports
ISS and Glass, Lewis & Co, two influential proxy advisory firms, are recommended Intel (INTC) investors vote against the reelection of eBay (EBAY) CEO John Donahoe to the company's board, The Wall Street Journal reports. Citing what it characterized as a poor attendance record, Glass Lewis commented "We view this as a failure by this director to fulfill a fundamental responsibility to represent shareholders at such meetings," while ISS said Donahoe "lacked a valid excuse" for attending less than 75% of the meetings held by the Intel board and committees he serves on in 2014. Intel's annual shareholders meeting is scheduled for May 21. Reference Link
May 14, 2015
15:46 EDTXLNXXilinx calls active on report Avago interested in potential takeover
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15:37 EDTXLNXAvago could spend $10B on takeover, eyeing Xilinx, Maxim, Reuters says
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15:31 EDTXLNXXilinx jumps 5% after Reuters says Avago interested in potential takeover
Maxim Integrated (MXIM) rose 5% as well after it was also reported by Reuters to be a potential target for Avago (AVGO).
15:29 EDTXLNXAvago interested in potential deal for Xilinx, Maxim Integrated, Reuters says
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06:06 EDTALTRStocks with implied volatility above IV index mean; ALTR CTRP
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May 13, 2015
07:32 EDTINTCCLSA to hold a conference
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05:58 EDTALTRStocks with implied volatility above IV index mean; ALTR CSCO
Stocks with implied volatility above IV index mean; Altera (ALTR) 81, Cisco (CSCO) 27 according to iVolatility.
05:55 EDTTSMTSMC awarded orders for SSD controller chips for Apple, DigiTimes reports
TSMC (TSM) has landed SSD controller chip orders from Apple, reports DigiTimes. According to industry sources, TSMC will utilize a 28nm process to fabricate controller cihps for Apple. Reference Link
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