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Intel Corp (INTC.O)

INTC.O on Nasdaq

35.09USD
26 Jul 2016
Change (% chg)

$0.40 (+1.15%)
Prev Close
$34.69
Open
$34.75
Day's High
$35.23
Day's Low
$34.70
Volume
29,640,608
Avg. Vol
23,124,558
52-wk High
$35.93
52-wk Low
$24.87

Latest Key Developments (Source: Significant Developments)

Intel reports Q2 revenue of $13.5 billion
Wednesday, 20 Jul 2016 04:10pm EDT 

Intel Corp : Intel reports second-quarter revenue of $13.5 billion . Quarterly EPS of 27 cents . Quarterly reported non-GAAP operating income of $3.2 billion, net income of $2.9 billion and EPS of 59 cents . Quarterly Client Computing Group revenue of $7.3 billion, down 3 percent sequentially and down 3 percent . Quarterly Data Center Group revenue of $4.0 billion, up 1 percent sequentially and up 5 percent year-over . Sees Q3 GAAP, non-GAAP revenue $14.9 billion, +/- $500 million . Quarterly Internet of Things group revenue of $572 million, down 12 percent sequentially and up 2 percent year-over-year . Sees 2016 GAAP revenue of mid-single digits . Quarterly Programmable Solutions Group revenue of $465 million, up 30 percent sequentially . Q2 gross margin 58.9 percent versus. 62.5 percent last year . Sees Q3 GAAP gross margin 60 percent, +/- a couple percentage points . Sees Q3 non-GAAP gross margin 62 percent, +/- a couple percentage points . Q2 earnings per share view $0.53, revenue view $13.54 billion -- Thomson Reuters I/B/E/S . Sees 2016 capital spending of $9.5 billion (+/- $500 million) . Sees FY 2016 non-GAAP gross margin percentage 62 percent, +/- a couple percentage points . Sees Q3 research and development plus MG&A spending about $5.1 billion . Q3 revenue view $14.63 billion -- Thomson Reuters I/B/E/S . CEO says "Our restructuring initiative to accelerate intel's transformation is solidly on-track".  Full Article

Intel Corp declares quarterly div of 26 cents per share
Tuesday, 12 Jul 2016 09:00am EDT 

Intel Corp :Declared a quarterly dividend of 26 cents per share ($1.04 per share on an annual basis) on company's common stock.  Full Article

Intel said to get chip order from Apple - StreetInsider, citing Bloomberg
Friday, 10 Jun 2016 11:01am EDT 

:Intel said to get chip order from Apple - StreetInsider, citing Bloomberg.  Full Article

TSMC expects to beat Intel in server chip technology in 2017 - Nikkei
Thursday, 26 May 2016 01:35pm EDT 

Nikkei: Taiwan Semiconductor Manufacturing Co will be first to produce 7-nanometer chips, according to co's senior executive - Nikkei . Chief Executive Mark Liu, said TSMC will make 7-nanometer chips in small quantities from early 2017, & go into mass production in Q1 2018 - Nikkei . TSMC expects to be ahead of Intel throughout, the first time TSMC acknowledges its leadership in advanced chip technology - Nikkei .Intel said in earlier mail to Nikkei it expects to launch 1st 10-nanometer chip in second half 2017, but doesn't have schedule for 7-nanometer chips - Nikkei.  Full Article

Intel to acquire Itseez Inc
Thursday, 26 May 2016 12:10pm EDT 

: Intel acquires Computer Vision for IoT, automotive; signs agreement to acquire Itseez Inc, an expert in Computer Vision algorithms .Intel says Itseez will become "a key ingredient" for its Internet of Things Group (IoTG) roadmap.  Full Article

Healthcare AI startup Lumiata closes $10 mln Series B led by Intel Capital
Thursday, 26 May 2016 12:00pm EDT 

Lumiata: Lumiata, an AI-powered predictive analytics company, has raised $10 million in financing led by Intel Capital .Lumiata closes $10 million Series B financing with Intel Capital to advance medical artificial intelligence for healthcare.  Full Article

Intel issues $2.75 billion aggregate amount of senior notes
Thursday, 19 May 2016 10:42am EDT 

Intel: Issued $500 million aggregate principal amount of 1.700% senior notes due 2021 , $1.00 billion aggregate principal amount of 2.600% senior notes due 2026 .Intel corp says on may 19 issued $1.25 billion aggregate principal amount of 4.100% senior notes due 2046.  Full Article

Intel Corp to cut up to 12,000 jobs as PC industry swoons - Reuters News
Tuesday, 19 Apr 2016 08:09pm EDT 

Intel Corp:Intel Corp said on Tuesday it would cut up to 12,000 jobs globally, or 11 percent of its workforce, as it refocuses its business towards making microchips that power data centers and Internet connected devices and away from the declining personal computer industry it helped found - RTRS.Intel, the world's largest chipmaker, lowered its revenue forecast for the year.It now expects revenue to rise in mid-single digits, down from its previous forecast of mid- to high-single digits. Intel's shares were down 2.2 percent at $30.90 in extended trading.Most of Intel's factories are in the United States, although it did not identify where cuts would be focused geographically.It said it would record a pretax restructuring charge of $1.2 billion in the second quarter and expected annual savings of $1.4 billion per year starting mid-2017.The company also said Chief Financial Officer Stacy Smith will move to a new role leading sales, manufacturing and operations. Intel said it would begin a formal search process for a new CFO.Smith said that Intel now expects the PC market to decline by a percentage in the high single digits in 2016 versus a prior forecast of a mid single-digit decline.Declines in China and other emerging markets are also leading to greater than anticipated reductions in worldwide PC supply chain inventory, Intel Chief Executive Brian Krzanich said on a conference call.  Full Article

Intel Corp plans to cut thousands of jobs - report - Reuters News
Saturday, 16 Apr 2016 01:03am EDT 

Intel Corp:Intel Corp is planning to cut thousands of jobs this spring, including reducing headcount in some business units by double-digit percentages, news website Oregonlive said, citing sources inside the company familiar with the plan - RTRS.The job cuts at the world's largest chipmaker this year will be considerably larger than the more than 1,100 U.S. jobs eliminated last year, Oregonlive said.Intel is also looking to consolidate some operations and close some smaller outposts after a series of acquisitions Oregonlive said on Friday.The job cuts, which could also include top executive roles, could begin soon after the company reports its first-quarter results on Tuesday, Oregonlive said.Intel, which had 107,300 employees as of Dec. 26, declined to comment.The company had said in 2014 it planned to reduce its global workforce by about 5 percent, or more than 5,000 positions, as it struggled with falling personal-computer sales and shifted focus to faster-growing areas.Last week Intel said two senior executives would leave.  Full Article

Intel Corp declares quarterly cash dividend
Friday, 22 Jan 2016 09:00am EST 

Intel Corp:Declared a quarterly dividend of 26 cents per share ($1.04 per share on an annual basis) on the company's common stock.Says dividend will be payable on March 1, 2016, to stockholders of record on February 7, 2016.  Full Article

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Intel, transports sap Wall Street's strength

Wall Street cooled off on Thursday as disappointing quarterly reports from tech stalwart Intel and from transportation companies stalled momentum in a U.S. corporate earnings season that has been better than feared. | Video