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Intel Corp (INTC.OQ)

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Latest Key Developments (Source: Significant Developments)

Intel Corp Says Director Reed Hundt Reports Open Market Sale Of 10,000 Shares Of Common Stock - SEC Filing
Thursday, 1 Aug 2019 

July 31 (Reuters) - Intel Corp ::INTEL CORP SAYS DIRECTOR REED HUNDT REPORTS OPEN MARKET SALE OF 10,000 SHARES OF COMMON STOCK AT AVERAGE PRICE OF $52.45PER SHARE ON JULY 29 - SEC FILING.  Full Article

Intel Reports Q2 GAAP EPS Of $0.92
Friday, 26 Jul 2019 

July 25 (Reuters) - Intel Corp ::Q2 EARNINGS-PER-SHARE (EPS) EXCEEDED APRIL GUIDANCE. GAAP EPS OF $0.92 DECLINED 12 PERCENT YOY; NON-GAAP EPS OF $1.06 WAS UP 2 PERCENT.SEES Q3 REVENUE ABOUT $18.0 BILLION.RAISING FULL-YEAR REVENUE OUTLOOK TO $69.5 BILLION, UP $500 MILLION FROM APRIL GUIDANCE.EXPECTING FULL-YEAR GAAP EPS OF $4.10 AND RAISING FULL-YEAR NON-GAAP EPS OUTLOOK TO $4.40.SEES Q3 NON-GAAP OPERATING MARGIN ABOUT 35%.SEES Q3 GAAP EARNINGS PER SHARE ABOUT $1.16.SEES FY NON-GAAP OPERATING MARGIN ABOUT 32%.SEES Q3 NON-GAAP EARNINGS PER SHARE ABOUT $1.24.UPON APPLE DEAL CLOSE, EXPECT A GAIN ON DIVESTITURE OF ABOUT $500 MILLION NET OF TAX.  Full Article

Apple To Acquire Majority Of Intel's Smartphone Modem Business for $1 Bln
Friday, 26 Jul 2019 

July 25 (Reuters) - Apple Inc ::APPLE TO ACQUIRE THE MAJORITY OF INTEL'S SMARTPHONE MODEM BUSINESS.APPLE SAYS TRANSACTION VALUED AT $1 BILLION.APPLE SAYS ABOUT 2,200 INTEL EMPLOYEES WILL JOIN APPLE, ALONG WITH INTELLECTUAL PROPERTY, EQUIPMENT, LEASES.APPLE - COMBINING ACQUIRED PATENTS FOR CURRENT & FUTURE WIRELESS TECHNOLOGY WITH CO'S PORTFOLIO, APPLE TO HOLD OVER 17,000 WIRELESS TECHNOLOGY PATENTS.APPLE - INTEL TO RETAIN ABILITY TO DEVELOP MODEMS FOR NON-SMARTPHONE APPLICATIONS, SUCH AS PCS, INTERNET-OF-THINGS DEVICES, AUTONOMOUS VEHICLES.APPLE - INTEL'S BOB SWAN SAYS "WE'RE LOOKING FORWARD TO PUTTING OUR FULL EFFORT INTO 5G".  Full Article

Micron Announces Offering Of Senior Notes
Wednesday, 10 Jul 2019 

July 10 (Reuters) - Micron Technology Inc ::MICRON ANNOUNCES OFFERING OF SENIOR NOTES.MICRON TECHNOLOGY - INTENDS TO USE SUBSTANTIAL PORTION OF PROCEEDS OF TO FUND PURCHASE PRICE FOR INTEL NONCONTROLLING INTEREST IN IM FLASH TECHNOLOGIES.MICRON TECHNOLOGY INC - SUBSTANTIAL PORTION OF NET PROCEEDS FROM OFFERING TO BE USED TO FUND IM FLASH DEBT OWED TO INTEL.  Full Article

Micron Tech Received Notice From Intel That Sale Of Intel's Noncontrolling Interest In IM Flash Tech To Co Will Close On Oct 31
Tuesday, 7 May 2019 

May 7 (Reuters) - Intel Corp ::MICRON TECHNOLOGY - ON MAY 3, CO RECEIVED NOTICE FROM INTEL THAT SALE OF INTEL'S NONCONTROLLING INTEREST IN IM FLASH TECHNOLOGIES TO CO WILL CLOSE ON OCT 31.MICRON TECHNOLOGY - AT CLOSING, CO EXPECTS TO PAY INTEL ABOUT $1.3 BILLION - $1.5 BILLION IN CASH FOR INTEL’S NONCONTROLLING INTEREST IN IMFT.MICRON TECHNOLOGY SAYS AS OF END OF MICRON’S Q2, IMFT MEMBER DEBT OWED TO INTEL WAS $1 BILLION - SEC FILING.MICRON TECHNOLOGY SAYS EXPECTS TO RECOGNIZE A GAAP FINANCIAL GAIN OF ABOUT $100 MILLION.  Full Article

Apple Discussed Acquiring Intel's Smartphone-Modem Chip Business- WSJ
Saturday, 27 Apr 2019 

April 26 (Reuters) - :APPLE DISCUSSED ACQUIRING INTEL’S SMARTPHONE-MODEM CHIP BUSINESS- WSJ.  Full Article

Intel Reports Q1 GAAP EPS Of $0.87
Friday, 26 Apr 2019 

April 25 (Reuters) - Intel Corp ::QUARTERLY NON-GAAP EPS OF $0.89.FIRST-QUARTER GAAP EARNINGS-PER-SHARE (EPS) OF $0.87.FIRST-QUARTER REVENUE WAS $16.1 BILLION, FLAT YEAR-OVER-YEAR .Q1 EARNINGS PER SHARE VIEW $0.87, REVENUE VIEW $16.02 BILLION -- REFINITIV IBES DATA.EXPECTING FULL-YEAR REVENUE OF $69.0 BILLION, FULL-YEAR GAAP EPS OF $4.14 AND NON-GAAP EPS OF $4.35; DOWN FROM JANUARY GUIDANCE.SEES 2019 GAAP EARNINGS PER SHARE ABOUT $4.14.EXPECTING SECOND-QUARTER REVENUE OF $15.6 BILLION; SECOND-QUARTER GAAP EPS OF $0.83 AND NON-GAAP EPS OF $0.89.SEES 2019 NON-GAAP EARNINGS PER SHARE ABOUT $4.35.FY2019 EARNINGS PER SHARE VIEW $4.51, REVENUE VIEW $71.05 BILLION -- REFINITIV IBES DATA.SEES FY CAPITAL SPENDING OF ABOUT $15.5 BILLION.QUARTERLY CLIENT COMPUTING GROUP (CCG) REVENUE OF $8.6 BILLION, UP 4%.SEES Q2 GAAP OPERATING MARGIN ABOUT 27%; SEES Q2 NON-GAAP OPERATING MARGIN ABOUT 29%.Q2 EARNINGS PER SHARE VIEW $1.01, REVENUE VIEW $16.85 BILLION -- REFINITIV IBES DATA.INTEL - "RESULTS FOR FIRST QUARTER WERE SLIGHTLY HIGHER THAN OUR JANUARY EXPECTATIONS".SEES FY GAAP OPERATING MARGIN ABOUT 30%.QUARTERLY DATA CENTER GROUP (DCG) REVENUE OF $4.9 BILLION, DOWN 6%.SEES FY NON-GAAP OPERATING MARGIN ABOUT 32%.SAYS "LOOKING AHEAD, WE'RE TAKING A MORE CAUTIOUS VIEW OF THE YEAR, ALTHOUGH WE EXPECT MARKET CONDITIONS TO IMPROVE IN THE SECOND HALF".SEES FY NON-GAAP FCF ABOUT $15 BILLION.  Full Article

Intel Says It Is Reducing 2019 NAND Output - Presentation
Friday, 26 Apr 2019 

April 25 (Reuters) - Intel Corp ::INTEL CORP - REVISING FULL YEAR EXPECTATIONS BASED ON CUSTOMER FEEDBACK - PRESENTATION.INTEL CORP - INTENSIFYING OUR FOCUS IN THREE KEY AREAS.INTEL CORP - Q1 NON-GAAP OPERATING MARGIN 28%, DOWN 2PPT; LOWER SPENDING & ASP STRENGTH OFFSET BY IMPACT OF 10NM RAMP & NAND RESERVES.INTEL CORP - QTRLY REVENUE FROM MODEM/ADJACENCIES UP 26 PERCENT YOY.INTEL CORP - CHINA WEAKNESS & INVENTORY CORRECTION BROADLY IMPACTING DCG IN QUARTER.INTEL CORP - REDUCING 2019 NAND OUTPUT.  Full Article

Apple Inc Says 21.5-Inch iMac Now Features 8th-Generation Quad-Core And 6-Core Processors
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Apple Inc ::IMAC GETS A 2X PERFORMANCE BOOST.APPLE INC - UPDATED ITS IMAC LINE WITH UP TO 8-CORE INTEL 9TH-GENERATION PROCESSORS.APPLE INC - UPDATED ITS IMAC WITH VEGA GRAPHICS OPTIONS.APPLE INC - 21.5-INCH IMAC NOW FEATURES 8TH-GENERATION QUAD-CORE AND 6-CORE PROCESSORS.APPLE INC - 27-INCH IMAC FEATURES UP TO 9TH-GENERATION 6-CORE AND 8-CORE PROCESSORS.APPLE INC - RADEON PRO VEGA GRAPHICS COME TO 21.5-INCH IMAC.APPLE INC - NEW MACS COME WITH MACOS MOJAVE.APPLE INC - NEW 21.5-INCH IMAC WITH RETINA 4K DISPLAY STARTS AT $1,299 (US).APPLE INC - NEW 27-INCH IMAC WITH RETINA 5K DISPLAY STARTS AT $1,799.APPLE INC - NON-RETINA DISPLAY IMAC CONFIGURATION CONTINUES TO BE AVAILABLE FOR $1,099.APPLE INC - BOTH NEW 21.5-INCH IMAC, NEW 27-INCH IMAC ARE AVAILABLE TO ORDER STARTING 19 MARCH FROM APPLE.COM.  Full Article

U.S. Department Of Energy And Intel To Deliver First Exascale Supercomputer
Tuesday, 19 Mar 2019 

March 18 (Reuters) - Intel Corp ::U.S. DEPARTMENT OF ENERGY AND INTEL TO DELIVER FIRST EXASCALE SUPERCOMPUTER.INTEL - CONTRACT VALUED AT MORE THAN $500 MILLION AND WILL BE DELIVERED TO ARGONNE NATIONAL LABORATORY BY INTEL AND SUB-CONTRACTOR CRAY INC IN 2021.  Full Article

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Intel to use Tokyo Olympics to show off 3D tracking, other new tech

TOKYO Tech giant Intel Corp said on Wednesday it will use the Tokyo 2020 Olympic Games to show off a portfolio of new technology including artificial intelligence driven 3D tracking of athletes to augment broadcasts of events during the Games.