a clip .... and I not sure how long it will survive on the board ...
Intel: The chip giant could surprise Wall Street in 2014 as concerns fade about its exposure to personal computers and limited inroads into tablets and smartphones.
At $24, Intel trades for 13 times projected 2014 earnings of $1.90 a share and yields 3.7%. Intel's dividend rate is the highest among major techs.
There are signs that the PC market is bottoming, and Intel is moving aggressively into tablets and smartphones, now dominated by chips using architecture from ARM Holdings (ARMH). Intel's manufacturing might could pay off with chips with faster processing speeds and lower power needs. Jefferies analyst Mark Lipacis writes that Intel "for the first time" is about to have a "manufacturing advantage in mobile."
Then there is Intel's high-growth group focused on the semiconductors for servers and other storage devices for cloud computing. Credit Suisse analyst John Pitzer sees Intel earning $2.50 a share in a few years. He has a $30 price target.
I am not sure when this is available to the Barron's online customers. We might have seen some of the effect on Friday.
Barron's FRONT Cover
Not Done Yet
By ANDREW BARY
Even after the market's big runup, some shares look tempting. Why GM, Deere, Nestlé, MetLife, Citi, Intel, US Airways and others could climb.
It has obviously gotten tougher to find bargains in the stock market after the broad rally that has lifted the Standard & Poor's 500 by 27% in 2013.
But using screens, investor feedback, and Wall Street research, we've come up with our 10 favorite stocks for 2014. This is the fourth year in a row that we've predicted the coming year's winners in a cover story. The 2014 list includes well-known companies like General Motors (ticker: GM), Citigroup (C), Nestlé (NSRGY), Intel (INTC), and Deere (DE).
"I guess this is the $99 tablet Intel has been referring to for months. Misleading statements."
No. It is not the $99 tablet nor is it misleading.
This is a 12-day Microsoft promotion that promotes a Dell product on one day of the promotion.
SP500 .... yup!
I agree with you! One can just buy the SP500 and beat day trader results.
"Yes, he may be able to take a few pennies off"
All that matters is that Intel does perform. Covello can delay the market recognition of that performance. I think he is relevant. Maybe 666 is just too fresh in my memory.
Covello plots his capex chart over the Intel price chart and there is some correlation. There may be some cause-effect but I cannot see any.
His $16 price target spread over 40 analysts, with an average price target of $24 would drop the "Analyst Price Target" by 50 cents.
Covello screams before an Intel event (expressing skepticism), right after an Intel event (nothing new, ho hum) and then a couple weeks later (worse than thought). His rating is picked up by bloggers and writers to be represented as the GS expectation.
He cannot change reality but he can shape perception. Covello in concert with Romit Shah of Nomura have been singing a duet.
That is exactly why each individual should assess their own investment goals and risk tolerance and make their own decisions.
Gather the information that Wallis, Ashraf, .... and make decisions that allow you to sleep soundly at night.
They will do fine because there will always be vendors building ARMH based products and ARMH will get their license and royalty fees. ARMH growth? Probably overestimated and valuation too rich BUT .... I am frequently wrong.
"Covello is irrelevant."
Covello and his little company control a few $$$ and their deployment of those few $$$ is sort of relevant. His $16 price target generates a steady flow of "Intel is poised to drop 25%" articles that have some small impact on those considering buying.
Yes, he is. Unless I misunderstand your statement, this sounds silly.
He is relevant and can impact the Intel trading price. He may not be able to drive Intel to $16 but he can take a few pennies off the share price.
I would agree with Ashraf. Based on the activity that I have seen in options at $24 and $25, I think that $25 will be a pretty tough level to get through. I think that Intel will end up GRINDING through $25 but I would expect to bounce off it a couple times too.
I am also OK with a simple pop to $30, ...... which would be nice.
The $919m 2.95% Intel 2005 Convertible Notes have a conversion price of $29.53 adjusted for dividends in excess of 10 cents. Conversion price drops each time Intel issues a dividend in excess of 10 cents.
When Intel hits this price range, some will be tempted to sell $30 calls or short Intel.
There is also the 2009 Convertible Notes $1,052m 3.25% $22.20 dividend adjusted for dividends in excess of 14 cents
Anandtech has some very nice interactive charts of drive performance. Example ...
Intel SSD wear management algorithms are very good at providing the best maximum response times which are key when you start putting the drives into RAID arrays where one slow response dictates the overall response.
The exit of 250m short shares will be interesting to watch but squeeze is pretty hard with so many of the big guys saying sell.
$25+ is a nice feeling again.
There is a nice summary article in EDN if you Google your question "difference between SLC and MLC" .
What is the difference between SLC and MLC?
by Toshiba - March 29, 2006
In the same EDN series, there are several CPU article outlining the THREE WALLS of Dave Patterson.
After nearly 40 years wandering in the silicon wilderness searching for the promised land of CPU performance and power, computer deity, Berkeley's Dr. David Patterson handed down his famous "Three Walls." Some of the "walls" have been pushed against but the equation makes sense.
"Power Wall + Memory Wall + ILP Wall = Brick Wall"
- The Power Wall means faster computers get really hot.
- The Memory Wall means 1000 pins on a CPU package is way too many.
- ILP Wall means a deeper instruction pipeline really means digging a deeper power hole. (ILP stands for instruction level parallelism.)
This article talks about the 2004 Intel cancelation of the Tejas CPU and Barrett stumbles.
The future of computers - Part 1: Multicore and the Memory Wall
Russell Fish III - November 17, 2011
Intel has done things to push the walls back. They have reduced memory bandwidth with MESI protocol changes with Nehalem and Haswell TSX will reduce some of the memory traffic collisions.
If you sell 10k of INTC, you can get 200 times the amount with OCZ. If OCZ goes up 1 penny, Intel would need to go up $2.00.
It is strange that he would allow it to be posted on Yatedo with his photo, name, address and blog listing, but make a big deal of not doing it elsewhere.
Computer Science - California State University-Chico
Electronics - Diablo Valley College
AS in Electronics - Diablo Valley College