5:23 PM Pfizer (PFE) says it's discontinuing Phase 3 studies on its investigational compound inotuzumab ozogamicin in combination with rituximab, a treatment for patients with non-Hodgkin lymphoma who are not candidates for intensive high-dose chemotherapy, after the study failed to meet its primary objective of improving overall survival. No new or unexpected safety issues were identified, and PFE says it's continuing to review the the drug for potential subset applications. Shares -0.3% AH. Read comments
That was "backbay bst" from his "model". He should show us his model. I hope it isn't Play Doh!
I see 18K 25 July Call volume and 11K June 25 Call volume today
INTC HAS BECOME AN "OPTIONS" TOY. , at least until some catalyst comes along.
Sentiment: Buy
TODAY IT WAS OVER 10k IN June 25 CALLS.
Sentiment: Buy
Intel Custom Foundry to Manufacture Chips for Cisco.
Intel Reportedly Lands Chip Orders from Cisco
[04/03/2013 06:32 PM]
by Anton Shilov
While Intel Custom Foundry, the contract semiconductor manufacturing division of Intel Corp., officially has a limited amount of customers, the company has admitted that there are a number of unannounced contracts. According to a representative of the company in South Korea, the world’s largest maker of microprocessors will manufacture custom chips for Cisco, which can easily be the largest order for ICF ever.
“Intel has recently signed an agreement to manufacture Cisco’s networking chips on a contractual basis,” said Lee Hee-sung, country manager at Intel Korea, during an interview with The Korea Times.
The company did not reveal which chips it will actually produce for Cisco and which process technology will be used to make them. Previously, Intel signed contracts to produce field-programmable gate arrays (FPGA) as well as flow processors using 22nm and 14nm process technologies for various companies. Therefore, Intel can produce virtually everything on contract basis.
The deal with Cisco seems to be a significant win for Intel, which needs to ensure maximum utilization of its leading-edge manufacturing facilities and maximize its earnings. Requirements of Cisco are very high, hence Intel will have to produce loads of network chips for the partner.
Earlier this year rumours transpired that Intel was in talks to make custom chips for Apple on a contract basis. However, given that Apple needs extreme volumes of processors it designs, it is unlikely that Intel will have enough capacities to serve both Apple and itself until 450mm fabs are built and go online.
Intel established its Intel Custom Foundry division within its technology and manufacturing group about three years ago, but it remains extremely tight-lipped about its ongoing endeavors, future plans, prospects and clients. Being the largest maker of semiconductors in the world, Intel has leading-edge process technologies and invests more than anyone else in research and development (R&D) of new manufacturing processes as well as building new manufacturing facilities. Since it every new technology node costs more than the previous one and the cost of new fabs is growing as well (and with 450mm factories their cost will get even higher), Intel needs to constantly sell more chips and ensure full utilization of its factories. One of the ways to guarantee maximum utilization of production facilities is to make chips for others.
Hopefully options weren't the support at 24!
Sentiment: Buy
for me it means they aren't buying at this level. I could be wrong. It just seems way to idle.
I think it is clear the company isn't buying at this level.
Looks like many tech traders have to take profits in CSCO before more money can flow into INTC.
you look pretty stupid pumping an OTC stock with no fundamentals.
You don't know me from a can of paint douche nozzle! I am not your "dana". BTW didn't you claim the last few days would have major catalysts? You were wrong. Does that make you "dana" or someone?
Intel's New CEO Vows Rapid Growth In Mobile Market
Last update: 5/16/2013 11:46:16 AM
By Ian Sherr and Don Clark
Intel Corp.'s (INTC) new chief executive vowed Thursday to rapidly grow the company's presence in the tablet and smartphone markets at a shareholder meeting that formalized a major management shift for the Silicon Valley chip giant.
Brian Krzanich, who was recently named chief executive, said that although Intel has been slow to respond to the rapid rise of tablets and smartphones, the company is well-positioned to participate going forward.
"What we have will allow us to grow in this area much faster in the future," he said.
Intel's annual meeting provided the first opportunity for Mr. Krzanich, whose appointment to CEO became effective Thursday, to address shareholders.
He was named to the post May 2, following a selection process set off in November by the surprise decision of Paul Otellini to step down as CEO, three years before Intel's mandatory retirement age. Intel, in a break from tradition, evaluated external candidates as well as internal ones before settling on Mr. Krzanich, a 52-year-old company veteran who rose through its manufacturing ranks and had previously been appointed chief operating officer.
While he was widely regarded as a front-runner for the job, Mr. Krzanich surprised some Intel-watchers by asking the board to promote Renee James to be president. The longtime software chief has been associated with some high-profile Intel flops, while her personal style is characterized by some on Wall Street as abrasive.
But Mr. Krzanich and Andy Bryant, Intel's chairman, credited Ms. James with helping to develop a new strategy for the company that impressed Intel directors. Though few details have been spelled out yet, the Intel executives have indicated that the strategy is designed to accelerate the company's moves to place its chips in more products beyond computers.
Intel's delays in playing a meaningful role in smartphones
Intel CEO: Well Positioned Now to Grow Fast in Ultra-Mobile Products
Last update: 5/16/2013 11:46:16 AM
(MORE TO FOLLOW) Dow Jones Newswires
May 16, 2013 11:52 ET (15:52 GMT)
Intel: Renee James Elected President Of Intel
Last update: 5/16/2013 11:46:16 AM
(MORE TO FOLLOW) Dow Jones Newswires
May 16, 2013 11:46 ET (15:46 GMT)
Maybe it will be the stockholders meeting.
Sentiment: Buy
I am hoping for a dividend raise.
Knock off the BS with the old upgrades. Get a hold of yourself.