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Intel Corporation Message Board

  • sujit_98 sujit_98 Apr 1, 2013 2:51 PM Flag

    Intel Rebuffs JMP Warning About Haswell; ‘On Track and On Time’

    By Tiernan Ray

    Following a downgrade this morning of Intel (INTC) shares to Market Perform from Outperform by Alex Gauna of JMP Securities, based on speculation by Gauna that the chip maker may be at risk of delays in its forthcoming microprocessor upgrade, code-named “Haswell, Intel spokesperson Chuck Mulloy reached out to tech trader to assert there are no issues.

    Said Mulloy in a phone call,

    Haswell is healthy and on track for an announcement. There’s no problem with the Haswell part at all. Also, we would expect that with Haswell we will see the biggest improvement in battery life in the company’s history when you compare it to the previous generation. It is expected to be a major milestone breakthrough. The key point is, it’s healthy and it’s on time.

    Malloy was referring to previous remarks about Haswell made by management during the company’s January Q4 conference call. At that time, the company said “We started production on Haswell, which we expect to qualify for sale this quarter [Q1] [...] This resulted in an increase in inventory write-offs [in Q4]. We expect to be production-ready in the current quarter.”

    The remark about record improvements in power efficiency were consistent with previous promises by Intel regarding Haswell, said Malloy.

    Intel shares are down 46 cents, or 2%, at $21.37.

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