I am writing to ask Intel management. What are you doing to protect shareholder equity? It would appear your silence during the earnings season has created a fire storm in Intel’s stock price. Over the last month you have let Wall Street extract 20 Billion dollars in shareholder equity without so much as any public comments. While Brian K. is doing a fantastic job from the manufacturing point, I believe he’s continuing a long tradition of ignoring stock prices and stockholder value. If this is temporary, it is one thing, however if it persists, it could be considered breach of fiduciary duty.
With Intel celebrating the 50th year of Moore’s law, you would think that management would be doing everything possible to showcase Intel in a favorable light and not allow Wall street to manhandle it and use it for their personal piggy bank at the shareholders expense. Something as simple as a phone call. Call the brokerage firm handling the buyback, and direct them to increase the buyback. Continue the accelerated buyback until the share price stabilizes, would be a step in the right direction. Another way would be a statement that Intel shares are undervalued and Intel will buy all or up to x number of shares at a specified price. A third way to handle it with the low interest rate would be to buyout the company and go private like Dell. This would also solve the problem of being held hostage in the Dow 30. By removing Intel from the Dow 30, the stock would most likely flourish, much like Alcoa did after they were kicked out of the Dow 30.
It is with great concern that Intel remains quiet and shareholder value continues to erode.
Looks more like an institution pushing it down to build a sizable position or someone driving it down to cover a short position. Either way, short interest is subsiding and each plunge in price gets steeper with fewer shares traded. Looks like the weak hands are abating and the climb may begin shortly.
Maybe. If Russ Fisher is partially right, that iPhone could be what propels INTC thru 40 in the next 6 months.
Good to see you figured it out. SSD's are replacing hard drives. The big sell off is contrived in my opinion to acquire a large stake of INTC cheap so they can ride it up for a handsome profit. You would think we have to be running low of weak hands. Even the short interest is subsiding.
TSM beats by 8 cents = up 8.69% / INTC beats by 8 cents = down 2%. TSMC reporting problems with 20 and 16 nm, no problem. INTC forcasting 14.7B +- 500M. vs 13.8 expected. Go figure.
NEW YORK (TheStreet) -- Shares of Taiwan Semiconductor Manufacturing (TSM) were gaining 6.7% to $22.47 Thursday after the chipmaker beat analysts' estimates for earnings and revenue in the fourth quarter.
TSMC reported earnings of 3.08 New Taiwan dollars a share for the fourth quarter, beating the Capital IQ Consensus Estimate of 3 New Taiwan dollars a share. The company reported revenue of 222.52 billion New Taiwan dollars for the quarter, a 52.6% increase from the year-ago quarter, and above analysts' estimates of 220.22 billion New Taiwan dollars.
Looking to the first quarter, TSMC said it expects revenue of 221 billion New Taiwan dollars to 224 billion New Taiwan dollars, above analysts' estimates of 205.11 New Taiwan dollars.
You missed your calling. You should have been in marketing at AAPL.
What would AAPL do? With yield problems at TSMC and their love hate relationship with Samsung, now a direct competitor X 2. Could this be good for INTC? I think so!
NEW YORK (TheStreet) -- Jefferies raised its price target on Intel (INTC) stock Wednesday to $50 from $45 and maintained their "buy" rating.
"Positive PC and server trends suggest 4Q14 and 1Q15 consensus estimates are too low," Jefferies said.
Media reports of Taiwan Semiconductor Manufacturing (TSM) share loss to Samsung (SSNLF) are consistent with Jefferies' Moore Stress thesis that Intel and Samsung remain "the last two leading edge semi manufacturers standing," which "opens the door" for Intel to take share in mobile processors as a foundry supplier to TSM's customers or a direct supplier to original equipment manufacturers.
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Separately, JP Morgan maintained its "overweight" rating on Intel stock today, citing improving PC/datacenter fundamentals, strong capital allocation, and margin leverage.
The global economy is forecast to expand by 3 percent this year and 3.3 percent in 2016, up from an estimated 2.6 percent in 2014, the World Bank said in its Global Economic Prospects report released on Tuesday.
"Developing countries should see an uptick in growth this year, boosted in part by soft oil prices, a stronger U.S. economy, continued low global interest rates, and receding domestic headwinds in several large emerging markets," the Washington-based lender wrote in a press release accompanying the report.
Emerging markets are expected to grow 4.8 percent in 2015 and 5.3 percent next year, up from 4.4 percent last year.
Among the major developing economies, China's gradual pace of deceleration will be partly offset by a pickup in India, where the election of a reform-minded government in 2014 bolstered business confidence. In China, growth is expected to slow to 7.1 percent from an estimated 7.4 percent last year, while India's growth is set to accelerate to 6.4 percent from 5.6 percent.
For advanced economies, the outlook remains mixed, with activity in the U.S. and the U.K. gathering momentum, while the recovery in the euro area and Japan is feeble.
The U.S. and U.K. economies are set to expand 3.2 percent and 2.9 percent this year, rising from 2.4 percent and 2.6 percent last year, according to the World Bank. Meanwhile, economic growth in the euro zone and Japan will rise to 1.1 percent and 1.2 percent from 0.8 and 0.2 percent last year.
From Tech Trader Daily
Chip maker Advanced Micro Devices (AMD) this evening announced via an 8-K filing with the Securities & Exchange Commission that the director of its microprocessor and its graphics chips, or GPU, John Byrne, is leaving the company, “to pursue other opportunities.”
The company also said, in an emailed statement, that Colette LaForce, the company’s chief marketing officer, and Raj Naik, its chief strategy officer, have decided to leave
Add to that David Wong has INTC as his favorite stock pick for 2015 at Wells Fargo. Bank of America has INTC as one of their top picks for 2015. Looks like 2015 is shaping up to be another great year for INTC.
SAN FRANCISCO/BEIJING (Reuters) - The settlement of China's anti-trust probe into Qualcomm Inc is likely to intensify global scrutiny of the firm's highly profitable patent licensing business, and may even call into question its worldwide contracts with smartphone makers such as Apple and Samsung.
China's National Development and Reform Commission (NDRC) is moving to wrap up its 13-month investigation into the U.S. chipmaker as soon as possible, the regulator said in a statement on Friday, bringing to an end one of the most high profile of a slew of such investigations by Beijing into western firms.
Any deal is likely to include a record-breaking fine, as well as changes to how Qualcomm licenses its technology to handset makers in China, according to industry sources and local press reports.
That could weaken the firm's prized technology-licensing business across the global smartphone industry by increasing pressure from regulators in other countries. Anti-trust probes in Europe and by the U.S. Federal Trade Commission (FTC) may be related to China's investigation, Qualcomm has said.
"It's not an overstatement to say they're under attack," said Thomas Cotter, a patent expert and professor at the University of Minnesota Law School. "Nobody knows how it will play out but the fact that there is an FTC investigation tells you something."
Qualcomm declined to comment.
Qualcomm is the top patent holder for cellphone technology, including many that form industry standards like CDMA and LTE. Charging royalties based on the cellphones' selling prices, even those made with competitors' chips, provided more than half of its $8 billion net income in 2014.
As growth tapers in developed markets, the smartphone industry has turned to China, where the rollout of LTE technology is driving demand, and where the majority of the world's smartphones are also manufactured.
The NDRC, one of China's anti-trust regulators, has said it suspects Qualcomm of overc