- American City Business Journals•11 minutes ago
It’s been six months since Intel said it would lay off 11 percent of its global workforce or 12,000 workers. A group called Intel Eliminati, created following a smaller layoff in 2015, took on a greater role connecting former co-workers with each other, and, hopefully new job opportunities. “We are going to advertise it as ‘what has been going on’ and use it to craft our own training strategies for people,” said organizer Richard Vireday, a software developer who was laid off after 15 years with the company.
- Barrons.com•1 hour ago
Nomura’s Romit Shah today takes a look at last week’s Q3 report from Intel (INTC), which featured lower revenue thanks to a shortfall in enterprise purchasing of server computers, causing Intel’s “Data Center” forecast operation to miss estimates for this quarter. Shah, who has a Buy rating on Intel shares, and a $40 price target, notes that Intel’s outlook for spending next year calls for operating expenses to be about 34% of revenue, which seems odd given he’s been assuming spending would go down to 30% in 2017: Overall, a combination of restructuring actions (2-3 points) in April, higher revenues (1-2 points) and the sale of McAfee (2 points) should be driving operating expenses from 36% of sales in 2015 to 30% of sales in 2017, per our estimation […] However, mgmt.
Intel Corporation (INTC)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
|Bid||35.21 x 16000|
|Ask||35.22 x 7400|
|Day's Range||35.11 - 35.49|
|52wk Range||27.68 - 38.36|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||17.10|
|Avg Vol (3m)||21,336,707|
|Dividend & Yield||1.04 (2.96%)|