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Stock Market & Financial Investment News

News Breaks
July 21, 2014
12:41 EDTINTC, BRCM, TSMIntel advances after analyst predicts mobile unit rebound coming
Shares of Intel (INTC) are advancing in a down market after Wells Fargo wrote that the company's mobile chip business could rebound significantly in coming quarters. WHAT'S NEW: Intel's mobile chip business could boost the company's growth and even enable it to beat earnings expectations, Wells Fargo wrote in a note to investors today. The chip maker's shipments of 4G modems should start rising significantly in the third quarter or fourth quarter of this year, the firm stated. The company has probably won some deals to provide LTE modems for smartphones and Samsung is likely one of the chip maker's initial customers, the firm wrote. Broadcom's (BRCM) decision to exit the baseband market probably improved Intel's position in the 4G market, Wells Fargo contended. Meanwhile, Intel said that by this year's holiday season, it should be ready to launch chips for mobile devices that are smaller than those of a key competitor, TSMC (TSM), Wells noted. Sales generated by Intel's mobile and communications unit may have bottomed last quarter or could do so during the current quarter, the firm believes. The unit's operating losses are likely to drop throughout this year, before falling sharply in the quarter ended March 2015, Wells estimated. The unit may approach break even by the end of 2015, the firm added. Wells kept an Outperform rating on the stock. WHAT'S NOTABLE: On July 15, Intel reported stronger than expected results for its quarter ended in June. PRICE ACTION: In early afternoon trading, Intel rose 43c, or 1.3%, to $34.13.
News For INTC;TSM;BRCM From The Last 14 Days
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March 27, 2015
15:38 EDTINTCAltera up 12.5% after DJ reports Intel in acquisition talks
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15:36 EDTINTCIntel in talks to buy Altera, DJ reports
11:08 EDTBRCMBroadcom downgraded to Buy from Strong Buy at Tigress Financial
06:08 EDTINTCMicron, Intel unveil new 3D NAND flash memory
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05:57 EDTINTCMicrosoft to push 2 inexpensive notebooks in mid-2015, DigiTimes says
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March 26, 2015
15:03 EDTTSMTSMC downgraded to Hold from Overweight at HSBC
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10:51 EDTTSMTSMC downgraded to Neutral from Buy at Citigroup
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08:30 EDTTSMLam Research selloff overdone, says Goldman
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08:26 EDTINTCSemi stocks less likely to rebound now than in 4Q14, says Goldman
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06:05 EDTINTCIntel to partner with notebook makers for Chromebook 2-in-1s, DigiTimes says
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05:56 EDTTSMTSMC to supply chips for rumored iPhone 6S and 6C models, DigiTimes reports
TSMC (TSM) will remain the major processor supplier for Apple (AAPL) in 2H15, reports DigiTimes. According to industry sources, TSMC will supply 20nm chips for the upcoming 6S and 6C models. TSMC is reportedly the sole supplier of processors for Apple's iPhone 6 and 6 Plus. Reference Link
March 25, 2015
05:52 EDTTSMTSMC to see flat to 5% revenue growth in Q2, DigiTimes reports
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March 24, 2015
09:37 EDTINTCHouse Energy & Commerce Committee to hold a hearing
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07:21 EDTBRCMBroadcom pause in set-top box orders is temporary, says Macquarie
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March 22, 2015
16:42 EDTINTCChip equipment slowdown may not be as bad as first thought, WSJ says
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March 20, 2015
07:24 EDTBRCM, INTCBroadcom chip renews competition with in-house hardware makers, WSJ says
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05:58 EDTTSMTaiwan chipmakers unaffected by water shortages, DigiTimes reports
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March 19, 2015
10:46 EDTINTCChinese firms using IBM technology in server chips, WSJ says
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09:02 EDTINTCIntel, Google, TAG Heuer announce Swiss smartwatch collaboration
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08:40 EDTINTCIntel Capital in talks to invest in Indian streaming service, TechCrunch says
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