Word: intel
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...Intel (INTC), which is the largest maker of PC and server chips in the world, announced earnings that beat analyst expectations. No one would have known that by looking at the collapse of the share price. The company, which has about 80% of the market for the main processors used in personal computers, is considered a bellwether for how hardware firms like Dell (DELL) and HP (HPQ) will do. Intel's figures are considered predictive of the strength of the sales of Microsoft's (MSFT) Windows...
...last quarter, Intel Corporation reported revenue of $7.1 billion, net income of $647 million and earnings per share of $.11. Revenue was $9.7 billion in the same period last year. Aside from topping expectations, Intel's CEO, Paul Otellini, said, "We believe PC sales bottomed out during the first quarter and that the industry is returning to normal seasonal patterns." (See pictures of the Top 10 scared traders...
...Intel did two things the market dislikes. The first is that it said very little about how the company expected to be doing over the next two or three quarters. The firm would only indicate that revenue for the current quarter would be about flat with the last one. Intel also did not offer any evidence that the PC industry is beginning to do better or if companies were just ordering a few more chips to fill falling inventory. Intel's results are good news for the broader tech sector if PC companies are actually buying more chips because their...
...surprisingly, the yuan agreements have so far drawn an indifferent response from the private sector. Intel, the world's largest semiconductor maker, has manufacturing facilities in both Malaysia and China. Yet so far Intel hasn't used the currency-swap facility Malaysia has in place with China. Much of Intel's internal trade is still transacted in dollars, according to Loo Cheng Cheng, a Penang-based corporate-affairs executive with Intel. According to Citigroup's Chua, companies in South Korea, which was the first to sign a swap facility with China, have so far also declined to utilize it. Indeed...
...Another critical pillar of the market is tech because it now represents such a huge part of the national GDP and the market caps of companies like Microsoft (MSFT), HP (HPQ), Cisco (CSCO), and Intel (INTC) make up such a significant part of the weighting of the S&P. For the most part, tech has done as well or better than the broader market over the last month...