Key Developments: Intel Corp (INTC.O)

INTC.O on Nasdaq

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2 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Intel Corp laying off 317 at two sites - Albany Business Review
Sunday, 28 Jun 2015 08:00pm EDT 

Intel Corp:Says Filings with the state of California are shedding light on layoff plans for computer chip giant Intel Corp - Albany Business Review.Says Word of Intel layoffs hit in mid-June but the California-based chip maker has been mum on details.Says With filings with the state of California the company has indicated 165 people are being laid off permanently.Says Additionally, 152 permanent layoffs are happening at the company's Folsom location, outside Sacramento.  Full Article

Intel Corporation to buy Altera for $16.7 bln
Monday, 1 Jun 2015 08:31am EDT 

Intel Corporation:Says deal expected to be accretive to non-GAAP EPS and free cash flow in first year after close.Says deal for about $16.7 billion.Says transaction has been unanimously approved by the Intel and Altera boards.Says intends to fund the acquisition with a combination of cash from the balance sheet and debt.Says transaction is expected to be accretive to intel's non-GAAP EPS and free cash flow in the first year after close.Deal for $54.00 per share.Says Altera will become an Intel business unit to facilitate continuity of existing and new customer sales and support.Says Intel plans to continue support and development for altera's arm-based and power management product lines.J.p. morgan securities llc, rothschild inc. serving as financial advisors to Intel.Goldman, Sachs & co. is serving as the exclusive financial advisor to Altera.  Full Article

Intel Corporation and eASIC collaborate on customized intel-based solutions for the Cloud
Tuesday, 12 May 2015 12:00pm EDT 

Intel Corporation:Plans to develop integrated products with eASIC Corporation that combine processing performance and customizable hardware to meet the increasing demand for custom compute solutions for data centers and the cloud.Says the new parts will enable acceleration of up to two times that of a field programmable gate array (FPGA) for workloads like security and big data analytics while also speeding the time to market for custom application specific integrated circuit (ASIC) development by as much as 50 percent.Says tremendous growth of cloud computing has spurred greater demand for customized chips that make a particular application or workload run faster.Says to enable this, eASIC plans to integrate its eASIC platform technology with future Intel Xeon processors, providing cloud service providers a highly customized, integrated hardware solution for their particular workload.eASIC's technology can increase flexibility and fast-time-to-market when compared to traditional ASICs and increase performance and lower power consumption when compared to FPGAs.By integrating hardware accelerator solutions with the eASIC platform, Intel can deliver much faster and more flexible systems for cloud customers.  Full Article

Ingenico Group and Intel Corp to bring payments to the internet of things
Thursday, 2 Apr 2015 12:30pm EDT 

Ingenico Group and Intel Corp:Says collaboration to combine Intel technology and Ingenico Group secure payment acceptance for the Internet of Things.Companies will jointly develop a mobile tablet that supports EMV and NFC payment functionalities, a standard required by banks to help prevent credit card fraud.Says by Oct. 2015, banks will require retail merchants to upgrade their POS equipment to support EMV chip cards.Says if they do not, the retailers will be responsible for recovering the funds if fraud should occur.Under the collaboration, IntelData Protection Technology for Transactions will be combined with Ingenico Group payment acceptance capabilities in mobile and future solutions in the United States and Canada, beginning with the jointly developed mobile tablets based on the Intel Atom processor.Says this will pave the way to a broader set of initiatives and value-added services to address other worldwide devices for the Internet of Things, including intelligent vending machines, kiosks and digital signage.  Full Article

Micron Technology and Intel Corp unveil new 3D NAND Flash Memory
Thursday, 26 Mar 2015 12:30pm EDT 

Micron Technology and Intel Corp:Revealed the availability of their 3D NAND technology, the world's highest-density flash memory.Flash is the storage technology used inside the lightest laptops, fastest data centers, and nearly every cellphone, tablet and mobile device.Enables gum stick-sized SSDs with more than 3.5TB of storage.This new 3D NAND technology, which was jointly developed by Intel and Micron, stacks layers of data storage cells vertically with extraordinary precision to create storage devices with three times higher capacity than competing NAND technologies.Says this enables more storage in a smaller space, bringing significant cost savings, low power usage and high performance to a range of mobile consumer devices as well as the most demanding enterprise deployments.  Full Article

TAG Heuer, Google Inc and Intel Corp announces swiss smartwatch collaboration
Thursday, 19 Mar 2015 09:00am EDT 

TAG Heuer, Google Inc and Intel Corp:Announces a partnership to launch swiss smartwatch powered by Intel technology and android wear.Says effort signifies a new era of collaboration between swiss watchmakers and silicon valley, bringing together each company's respective expertise in luxury watchmaking, software and hardware.Says Together, these companies will create a product that is both luxurious and seamlessly connected to its wearer's daily life a culmination of innovation, creativity and design from silicon valley in california and the watch valley in la chaux-de-fonds, Switzerland.  Full Article

Intel Corp declares quarterly cash dividend
Thursday, 19 Mar 2015 09:00am EDT 

Intel Corp:Declares quarterly dividend of 24 cents per share (96 cents per share on an annual basis) on common stock.Payable on June 1 to stockholders of record date as on May 7.  Full Article

Intel Corp lowers Q1 2015 revenue outlook
Thursday, 12 Mar 2015 09:00am EDT 

Intel Corp:Expects Q1 2015 revenue to be below the company's previous outlook.Expects Q1 2015 revenue to be $12.8 bln, plus or minus $300 mln, compared to the previous expectation of $13.7 bln, plus or minus $500 mln.Q1 2015 revenue of $13.7 bln - Thomson Reuters I/B/E/S.  Full Article

Intel declares quarterly cash dividend
Friday, 23 Jan 2015 09:00am EST 

Intel Corp:Declares a quarterly dividend of 24 cents per share.Payable on March 1 to stockholders of record on Feb. 7.  Full Article

Intel Corp gives Q1, FY 2015 revenue guidance in line with analysts' estimates - Conference Call
Thursday, 15 Jan 2015 05:00pm EST 

Intel Corp:Says for Q1 2015, it forecasting the midpoint of the revenue range at $13.7 billion, plus or minus $500 million.Says for FY 2015, it planning for revenues to grow in the mid single digits.Reported revenue of $ 55.870 billion in FY 2014.Q1 2015 revenue of $13.76 billion - Thomson Reuters I/B/E/S.FY 2015 revenue of $58.149 billion - Thomson Reuters I/B/E/S.  Full Article

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Low earnings forecasts may mean profit beats, market boost

NEW YORK - With analysts' expectations for second-quarter U.S. earnings at rock-bottom levels, many companies may well beat forecasts, possibly setting up the stock market for gains in the coming weeks.

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