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Intel Corporation Message Board

  • tooofunnky tooofunnky Oct 16, 2012 11:14 AM Flag

    Intel up on Apple Foundrey speculation

    By Benjamin Pimentel 4%2%0%-2%10a11a12p1p2p3p

    Shares of Intel INTC +2.23% rose 2.4% on Tuesday, the best performer on the Dow Jones Industrial Average /quotes/zigman/627449 DJIA +0.82% , which was up 115 points. Williams Financial analyst Cody Acree told MarketWatch that the gains apparently were due to "more talk of Apple moving away from Samsung as a foundry" which has also led to speculation that either Intel or TSMC may be tapped to manufacture chips for Apple Inc. Relations between Apple and Samsung have been strained by legal battles over patents. Intel is set to report third-quarter results after Tuesday's closing bell.

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