SAN FRANCISCO (Reuters) – Advanced Micro Devices Inc <AMD.N> reported better-than-expected revenue as PC and server spending rebounded, but investors cashed out of a rally triggered by stellar Intel Corp <INTC.O> results.
The company said on Thursday that second-quarter sales would be seasonally weaker, in contrast with Intel’s bullish comments on corporate spending bouncing back in 2010.
SAN FRANCISCO (Reuters) – U.S. tech stocks sprang higher on Wednesday after strong earnings and forecasts from Intel Corp <INTC.O> further galvanized hopes that the beleaguered technology sector’s recovery was underway.
Intel, whose chips power more than three-quarters of the world’s PCs, said demand had become much stronger than the company initially expected and it was increasing capacity to meet demand.
SAN FRANCISCO, April 13 (Reuters) – Intel Corp’s <INTC.O>
sales and margin forecasts trounced Wall Street expectations,
reinforcing hopes for an acceleration in the tech sector’s
recovery and boosting the chip maker’s stock 4 percent.
The stellar showing from the world’s top chip maker, an
industry bellwether and among the first tech stocks to report
first-quarter earnings, lifted Asian tech shares and should
give Wall Street a boost.
SAN FRANCISCO (Reuters) – Intel Corp’s sales and margin forecasts trounced Wall Street expectations, reinforcing hopes for an acceleration in the tech sector’s recovery and boosting the chip maker’s stock 3.5 percent.
Intel, bolstering expectations that businesses and consumers will speed up spending after 2009’s belt-tightening, foresees a gross margin of 64 percent — plus or minus “a couple percentage points” — for both the current quarter and all of 2010. Wall Street had expected about 60 percent.
SAN FRANCISCO/CHICAGO (Reuters) – Options investors appeared to be taking a bullish stance ahead of Intel Corp’s <INTC.O> quarterly results on Tuesday.
Traders are pricing in a 3.5 to 4 percent move in the stock after Intel’s report, according to TD Ameritrade chief derivatives strategist Joe Kinahan.
SAN FRANCISCO (Reuters) – Strong earnings from Intel Corp <INTC.O> next week should provide further proof of a recovery in electronics and PC demand, but analysts warn the company will have to handily surpass expectations to drive its high share price higher.
Intel, whose chips are found in more than three-quarters of the world’s PCs, leads off the quarterly results season on April 13 for a tech sector emerging from a debilitating downturn. Intel had a stellar fourth-quarter in which it posted record margins and it has beaten Wall Street’s earnings estimates in five out of the past eight quarters.
SAN FRANCISCO (Reuters) – Micron Technology Inc <MU.O> delivered only its second quarterly profit in nearly three years as a recovering economy helped lift prices for its DRAM memory products well beyond Wall Street expectations.
Shares of the U.S. chipmaker, which have rallied nearly 25 percent in the seven weeks leading up to Wednesday’s earnings report on signs of increased technology demand, rose more than 3 percent after falling about as much in the regular session.
SAN FRANCISCO (Reuters) – As Apple Inc gears up for the crush of customers expected for Saturday’s iPad launch, employees who staff its retail stores are just as curious about the tablet as the fans who will line up outside.
Apple store workers say they have yet to see or touch the iPad, even though the launch is just days away and they are being trained and encouraged to talk about Apple’s newest device with customers.
SAN FRANCISCO (Reuters) – To get accurate projections for Intel Corp <INTC.O>, Wedbush Morgan analyst Patrick Wang often finds himself hopping on a plane to Asia.
Wang — who normally crafts complex mathematical models and pores over financial statements — finds, in Intel’s case, it helps to use his fluent Chinese to gather information directly from its customers: top computer manufacturers in the Orient.
What will Google do about China? Can Google’s Android defeat the iPhone? Important questions all, but I’m still curious about Google Wave, and wondering: do I want to use it?