Intel

25 Apr 19
Feidelm

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25 Apr 19
Malvania International

See which stocks are posting big moves after the bell. from Top News & Analysis https://cnb.cx/2IJwLjG

25 Apr 19
VentureBeat
Intel CEO Bob Swan said in an earnings conference call that the company lowered its revenue expectations for the full year due to “headwinds” among customers in China and elsewhere as buyers reduce their orders. He said the company is in the midst of an ambitious transition to expand its market reach into everything from chips for automotive tech to high-performance supercomputer chips. But it’s a bumpy transition. Swan talked about the company’s larger strategy on a conference call on first-quarter results. In that quarter, Intel’s revenue results came in slightly higher than expectations. While PC chip sales were up, China headwinds increased, memory prices are down, and data-centric revenues were lower. So Intel reduced its revenue and earnings outlook for the full year. Intel’s stock is down 7 percent in after-hours trading at $53.17 a share. Swan said the company is expanding its total available market (TAM), as it goes after more data-centric businesses. Recently, Intel launched more than 50 products targeting the data-centric world, with a heavy focus on artificial intelligence processing. It also launched a bunch of new mobile and desktop chips. The company is also improving performance while evolving its culture. Swan said the company is making 10-nanometer chips for launch in products that debut in the holidays. Intel expects to qualify its first Ice Lake 10-nanometer chips this quarter. “When it became apparent that we don’t have a clear path to profitability in 5G, we acted,” Swan said, referring to the company’s decision to shut its 5G modem business after Apple settled its litigation with Qualcomm. But Intel is making field-programmable gate arrays and other chips for use in 5G base stations, Swan said. Intel has had a challenging start for 2019, as customers are becoming more cautious in buying, particularly in China. “Intel had a solid Q1 with increases in PC and data center ASPs but revised its future guidance, which is taking its toll on the stock,” said Patrick Moorhead, an analyst at Moor Insights & Strategy. “The data center rebound the company was banking on for a back-half DCG improvements doesn’t look like it’s going to happen and it appears has spread from CSPs to the enterprise driven by inventory build. China and the memory market is tough for everyone right now and Intel was impacted significantly. I am expecting other memory companies and tech companies highly indexed in China to feel the pain, too. With all that said, I expect Intel to be in a much better position in the second half with its Cascade Lake platforms.” He added, “On the plus side, the PC group increased revenue 4% and increased ASPs driven by sales of higher margin products, likely at the expense of some unit share loss. Mobileye and the IoT group were up 38% and 8% respectively. 10-nanometer manufacturing appears to be on track, as well, a concern for some based on leaked information on a review site.”
25 Apr 19
SS HACKERS

Chipmaker Intel Corp cut its full-year revenue forecast on Thursday and missed analysts’ estimates for first-quarter sales for its higher-margin data center business, sending its shares down 7 percent after hours. from Reuters: Technology News https://reut.rs/2ZyVgWa

25 Apr 19
9to5Mac
It’s been an eventful two weeks for the smartphone modem business. Apple and Qualcomm reached a surprise settlement and Intel subsequently left the 5G smartphone modem business. Now, Intel says that it still plans to supply 4G modems through this year – likely including the 2019 iPhones. As noted by Reuters’ Stephen Nellis, Intel CEO Bob Swan commented on the company’s smartphone modem plans during Intel’s Q1 2019 earnings call. Swan explained that the second iteration of Intel’s XMM 7660 modem is on track for the this fall, noting that the company currently expects to supply 4G modems through this year: “Our expectation is we will continue to deliver on the 4G modem throughout the course of this year, including the second iteration of that product coming in the fall back to school season.” Given that Swan’s comments relate to the second iteration of the XMM 7660, it seems highly likely that Intel will supply modems for the 2019 iPhones. It’s far too late in the 2019 iPhone cycle for Apple to make the switch to Qualcomm this year given required engineering lead times. At best, it is possible that Qualcomm will provide a portion of iPhone modems this year, but that too seems unlikely. Going forward, however, it seems all-but-certain that Apple will switch to Qualcomm when it comes to 5G modems in 2020. Apple is also developing its own in-house modems, but those efforts are likely several years down the road at this point. Intel announced earlier this month that it will exit the 5G smartphone modem business because there was “no clear path to profitability” for its efforts. When Intel announced its exit from the 5G modem business, it promised to “meet current customer commitments for its existing 4G smartphone modem product line.” The question was whether that extended to new products as well. Apple and Qualcomm’s settlement, announced last week, included a one-time payment from Apple to Qualcomm. The two parties also reached a six-year license agreement effective April 1, 2019, as well as a two-year chipset supply agreement.
25 Apr 19
MagaOneNews
FILE PHOTO: The Intel logo is shown at E3, the world's largest video game industry convention in Los Angeles
FILE PHOTO: The Intel logo is shown at E3, the world’s largest video game industry convention in Los Angeles, California, U.S. June 12, 2018. REUTERS/Mike Blake

April 25, 2019

(Reuters) – Chipmaker Intel Corp cut its full-year revenue forecast on Thursday and missed analysts’ estimates for first-quarter sales for its higher-margin data center business, sending its shares down 7 percent after hours.

The lowered full-year revenue forecast adds to concerns that an industry-wide slowdown could persist until the end of 2019 and follows a similar warning earlier this week from chipmaker Texas Instruments.

Intel marginally beat Wall Street targets for revenue and profit in the first quarter, but sales in the data center group unit fell 6.3 percent to $4.90 billion, hit by weakness in China and inventory correction. Analysts had expected revenue of $5.10 billion, according to financial and data analytics firm FactSet.

The company has turned to the server chips it supplies data center operators for growth in recent years.

The chipmaker cut its 2019 revenue forecast to $69 billion, from the $71.5 billion it told investors to expect when it last reported earnings in January.

“Looking ahead, we’re taking a more cautious view of the year, although we expect market conditions to improve in the second half,” said Chief Executive Officer Bob Swan.

A year-long trade war between China and the United States and weakening smartphone sales have taken a toll on the global semiconductor industry. Investors are banking on the launch of 5G telecom network and demand for chips used in self-driving vehicles to reignite growth.

The Santa Clara, California-based chipmaker also said it expects revenue and profit of $15.6 billion and 89 cents per share for its second quarter that ends in June, compared with analysts’ expectation of $16.85 billion and $1.01 per share.

“A bad as the outlook is for 2Q19 and FY19 due to weaker macro softness, we think there remain further headwinds due to the increased competitive threat from AMD into 2H19 and 2020,” said Kinngai Chan, an analyst with Summit Insights Group.

Net income fell to $3.97 billion, or 87 cents per share, in the first quarter, from $4.45 billion, or 93 cents, from a year earlier.

Excluding items, the company earned 89 cents per share, beating analysts’ estimate of 87 cents.

Revenue in Intel’s client computing business, which caters to PC makers and still the biggest contributor to sales, rose 4.45 percent to $8.59 billion, beating FactSet estimates of $8.38 billion.

Shares were trading at $53.33 in trading after the bell.

(Reporting by Sayanti Chakraborty in Bengaluru and Stephen Nellis in San Francisco; Editing by Sriraj Kalluvila)

Source: OANN

25 Apr 19
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25 Apr 19
My Gadgets

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25 Apr 19
Chris Toledo MX

Chipmaker Intel Corp cut its full-year revenue forecast on Thursday and missed analysts’ estimates for first-quarter sales for its higher-margin data center business, sending its shares down 7 percent after hours. Source on Reuters.com

25 Apr 19
NATION AND STATE

Intel shares are plunging after hours after beating top- and bottom-line but slashing guidance. In its first quarterly report card since Swan took the reins as permanent CEO in January, Intel reported flat year-over-year revenue. Revenue and Earnings for Q1 came in better than expected: *INTEL 1Q REV. $16.1B, EST. $16.03B *INTEL 1Q ADJ EPS 89C, EST. […]

25 Apr 19
Infotainment Factory

// Techmeme Dean Takahashi / VentureBeat: Intel slightly beats with Q1 revenue of $16.1B, flat YoY, “data-centric” revenue down 5% YoY, and PC revenue up 4% YoY; stock down 8%+ after hours  —  Intel slightly beat Wall Street’s expectations for the first quarter as the company reported earnings of 17 cents a share on revenue […]

25 Apr 19
Fionnghuala

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25 Apr 19
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25 Apr 19
The Testing Site

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