Shares of Intel Corp. (INTC) are set to continue their descent as the chipmaker struggles with a myriad of a structural issues and faces uncertainty over the abrupt departure of its Chief Executive Officer (CEO) Brian Krzanich, according to one bearish team of analysts, as reported by CNBC. (For more, see also: Intel’s Chip Lead Is ‘Disappearing’.) Abrupt CEO DepartureAnalysts at Bernstein were out with a downbeat note on the semiconductor manufacturer on Tuesday, cutting their price target to $42 from $54 and downgrading Intel stock to underperform from market perform. Bernstein's Stacy Rasgon expects shares to fall another near 14% from Tuesday's close, with the stock down 1.8% for the day to $48.76. While the analyst had upgraded Intel in April on stronger-than-expected second quarter earnings results, she wrote that her investment team is "regretting that upgrade," reports CNBC. Intel's Stock Vs. The Market in 2018
"It is becoming increasingly apparent that the structural issues we have promulgated for years are becoming ever obvious to investors," wrote Rasgon. "And now, we believe uncertainty around the CEO change provides an opening, limiting upside risk if numbers continue to move up for the time being, while these structural issues grow more visible.” Krzanich resigned from his position last week due to his alleged infraction of the firm's nonfraternization policy, and was replaced on an interim basis by Chief Financial Officer (CFO) Robert Swan. Analysts at Nomura Instinet were also out with a downbeat note in response to the new CEO search, writing that the expected naming of internal product manager and engineer Dr. Venkata (Murthy) M. Renduchintala as CEO will not help ease investor worries about compounding issues facing the company's long-term franchise. Like their peers at Bernstein, analysts at Nomura view an increasingly competitive environment with rivals such as Advance Micro Devices Inc. (AMD) limiting upside for Intel stock. Bernstein's note was much more pessimistic than Nomura, however, with the former forecasting earnings per share (EPS) growth deceleration into 2019 "as compares get harder and structural issues build," and with the latter forecasting shares to gain roughly 13% over 12 months. Intel stock is down nearly 9% over the last five days, shaving tens of billions out of the chipmaker's market capitalization, paring a 5.6% increase year-to-date (YTD) and a 44.9% gain over 12 months. Despite the drop, INTC is still sharply outperforming the broader S&P 500's 1% return and 11.6% growth over the same respective periods. (For more, see also: Intel to Suffer on ‘Lack of Leadership’.) Read More Why Intel Stock May Plunge 15% Further : https://ift.tt/2MraYez
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Intel's Most Powerful Ever Desktop Processor Revealed: Core i9-9900K A Ryzen Killer At Last?6/27/2018 The second half of 2018 looks set to offer some serious battles between AMD and Intel in both the high-end and mainstream markets and the latter will likely see Intel release it's most powerful ever mainstream CPU. Today, according to the latest rumors, the new range of CPUs will include the Core i9-9900K, which will have eight cores and 16 threads, matching AMD's mainstream flagship Ryzen 7 series. Interestingly, two other CPUs will join it, including the Core i7-9700K, with six cores and 12 threads, and is likely a 14nm refresh of Intel's current Core i7-8700K, likely offering higher clock speeds too. Finally, the Core i5-9600K will have six cores and threads and is a replacement for the Core i5-8600K. The information, which comes via apparently inside information gleaned by Wccftech, comes after months of rumors about an eight-core Intel mainstream CPU, which is desperately needed to counter AMD's eight-core Ryzen CPUs, which beat Intel's current fastest mainstream CPU, the Core i7-8700K in a range of tests, especially where multi-threading and content creation are concerned. The Core i9-9900K also sees the Core i9 brand filter down to the mainstream for the first time, being currently limited to its high-end desktop CPUs starting at the Core i9-7900X and finishing at it's most powerful desktop CPU, the Core i9-7980XE. The information also made more headway in confirming Intel's Z390 chipset, but worryingly suggests that the new eight-core CPU may be exclusive to the new Z390 chipset and will not be compatible with current Z370 motherboards, although this is speculation at this point. I'll be taking a look at all these new CPUs over the next few months so be sure to follow me here on Forbes or on the various social media outlets below. Read More Intel's Most Powerful Ever Desktop Processor Revealed: Core i9-9900K A Ryzen Killer At Last? : https://ift.tt/2Kq9X9gIntel's famous drone light shows have entertained crowds for CES, the Super Bowl and the Winter Olympics, and now the company's drones have taken over the sky to celebrate Pride. Intel Shooting Star drones lit up the nighttime sky over the company's at Folsom, California, campus on June 23 in a performance celebrating equality. The colorfully lit drones formed symbolic illustrations of the Pride flag, same-sex symbols and an unicorn. More than 20 years ago, the tech company formed the Intel Gay, Lesbian, Bisexual, Transgender and Allied Employee Resource Group (IGlobe) to help pave the way for domestic partner health benefits, the addition of gender ID to the non-discrimination clause and all-gender restrooms at US campuses, among other things. Intel currently holds the Guinness World Record for the most unmanned aerial vehicles (UAVs) flying in the air simultaneously, two years in a row. The Intel Shooting Star drone weighs just over half a pound (280 grams) and can be electrically operated using a rotor. These Intel drones were specifically designed for putting on dramatic light shows. Read More Intel drones light up sky to celebrate LGBTQ pride : https://ift.tt/2KtrtcOThe summer is here, and that means Intel is gearing up to release high-end desktop processors for the mainstream market. These chips will essentially fall under Intel’s fourth wave of eighth-generation processors to be released during the third quarter of 2018. At the forefront of this desktop assault will supposedly be an eight-core chip currently listed as the Core i9-9900K. This upcoming eight-core desktop CPU will be Intel’s second Core i9-branded processor released to the mainstream market, following the Core i9-8950HK six-core chip released for high-end laptops in April. Prior to these two processors, Intel released four seventh-generation super-high-end Core i9 processors in the third quarter of 2017 packing between 10 and 16 cores for PC gamers and enthusiasts. But here we see Intel pushing an eight-core chip into the mainstream market. When Intel launched its eighth-generation desktop processors in October 2017, the company boasted about how it brought a six-core chip to the mainstream market while AMD already topped that count with its eight-core Ryzen chips months prior. Intel now appears to be catching up with its upcoming Core i9-9900K desktop CPU. Here are the rumored processors in Intel’s next eighth-generation wave. Note that there currently is no Core i3 part listed with these CPUs, but Intel may stagger its launch similar to what it did with the Core i3-8130U for laptops in February:
Joining this trio will be the Z390 chipset for motherboards. Previous rumors indicated that the Z390 would be a rebranding of the Z370, but the latest information tagging along with the Core i9-9900K indicates otherwise. The Z390 chipset will be based on the current Z370 but supposedly add a few additional features such as Intel Wireless AC and Bluetooth 5.0 connectivity, support for up to six USB 3.1 Gen2 ports (10Gbps), and more. Other features include support for up to 10 USB 3.1 Gen1 ports (5Gbps), support for up to 24 PCI Express 3.0 lanes, support for six SATA 3 ports, and so on. Intel’s first wave of eighth-generation processors was actually based on a tweaked seventh-generation design. These four processors targeted ultra-thin laptops in August 2017 while Intel waited to release its true eighth-generation processor design in six desktop CPUs in late September 2017. Intel’s third wave focused on high-performance laptops in April and introduced the company’s first Core i9 product to the mainstream laptop audience. Now Intel is focusing on the mainstream desktop once more and will likely follow that fourth wave with super high-end X-Series chips for PC gamers and enthusiasts before the end of 2018. Meanwhile, AMD tweaked its Zen processor core design and released a second-generation batch of desktop processors in April. There are four in total: Two Ryzen 7 chips with eight cores and 16 threads, and two Ryzen 5 chips with six cores and 12 threads. AMD’s super high-end Ryzen Threadripper desktop processors for enthusiasts and PC gamers are expected to launch in the third quarter of 2018 packing up to 32 cores, if not more. Editors' RecommendationsWhile it may seem as if we just got through a major Intel processor refresh (because we did), the latest rumors out of WccfTech suggest that Intel’s 9000 series of Core processors isn’t far off. The outlet claims to have come across marketing materials and product names for a number of upcoming Intel processors, namely the Core i9 line of CPUs, which will join the mainstream lineup on Intel’s upcoming Z390 chipset for general-use and gaming PCs. This move will reportedly bring octa-core processing to the mainstream line of Intel chips for the first time, supporting a previous rumor of the 8-core Coffee Lake chip due in September. Here’s the line of processors the outlet claims to have found:
You’ll immediately notice three things about this supposedly leaked lineup: first, that there is no Core i3 option listed. As the outlet points out, this could either be Intel phasing out the product from its Core line of processors, or that it will release at a later date than these chips. The second thing you may notice is that the Core i5 option has no hyperthreading. Finally, there is no quad-core part listed here, for the first time in an Intel processor lineup. That is, unless a 4-core Intel Core i3 part is waiting in the wings. Intel Z390 and the unlikely departure of quad-coreWccfTech’s findings continue to claim that the Z390 chipset is not that far advanced beyond the existing Z370 chipset that launched late last year to support the first Coffee Lake desktop processors. However, they will bring features introduced to the latest H-series entry-level platform earlier this year. Those features include Intel 802.11ac Wi-Fi, Bluetooth 5.0, a native Intel Wi-Fi adapter and support for up to six USB 3.1 (Gen 2) ports. Currently, motherboard makers must source those arguably crucial features from third-party suppliers to include them on Z370 motherboards. If you’re already mourning the loss of quad-core Intel chips for whatever reason, you might want to hold fire. It’s more likely that quad-core will find its way into even lower-powered processors over time, if not found within a Core i3 option yet to be uncovered. Simply put, Intel would be throwing away money if it neglected to find some application for quad-core processing. At any rate, all of this should be considered rumor (albeit from an outlet with a strong track record) until word is heard from Intel itself – or even more irrefutable leaks show themselves. Read More Intel Core i9 rumored to join mainstream processor lineup with octa-core chip : https://ift.tt/2lEExy3
Swan was previously CFO before he was thrust into the CEO caretaker role last week when Brian Krzanich suddenly resigned. Krzanich resigned after the board discovered he had an affair with an Intel employee that began before he was CEO and ended in 2013, The Wall Street Journal reported. At the company's all-hands meeting, Swan told employees he wasn't throwing his name in the hat to keep the CEO role, Bloomberg's Ian King reports. In a lot of ways, that's not surprising. Swan is a relatively new hire to Intel, having joined the company in 2016 from a string of CFO roles at other tech companies. Swan doesn't have the deep-down engineering and technical expertise that has been the bedrock qualification for previous Intel's other CEOs. For instance, Krzanich rose to his position after running Intel's chip-making foundries. And Intel has been struggling to get its foundries up to speed on its next generation smaller, faster chips, falling behind several of its competitors in the process. Swan's statements indicate just how much Intel's board was taken unawares by this turn of events with Krzanich. As Business Insider previously reported, all the ruckus over Krzanich came up sometime in the last month. A previous board member told us he had heard nothing about this incident or any other potential underlying drama that threatened Krzanich's job when he left his long-time board seat in late May. The board was reportedly caught between a rock and a hard place when an employee mentioned the past relationship to a colleague, who then reported it to Intel's general counsel on June 14, according to The Journal. The relationship was with a woman who still works at Intel, started about a decade ago and ended in 2013, sources told the Journal. The board investigated, found credence to the allegations, and Krzanich was out. So far, Intel's executive search has been publicly characterized by people saying they don't want the job. VMware CEO Pat Gelsinger has also said he's not leaving VMware (although that's a pretty standard statement from any sitting CEO of a public company being courted for a new job). Gelsinger spent 30 years at Intel before leaving for executive positions elsewhere and was reportedly in the running for the Intel CEO job up against Krzanich last time. Intel has a long tradition of hiring from within for its CEO roles, but this time may be different. Under Krzanich, a series of long-time executives who may have been considered for the job have left, replaced by outsiders. The board has said that it is looking internally and externally for candidates. Get the latest Intel stock price here. Read More Intel's temporary CEO has reportedly told employees he's not pursing the job : https://ift.tt/2Kt1hMeIt was another day of bad news for Intel Corp. on Wednesday, as a new data point suggests that it may lose Apple Inc.’s modem business, according to a note from Northland analyst Gus Richard. Richard, who rates the stock the equivalent of a sell, wrote that MediaTek Inc., which manufactures modems, might displace Intel for the product at Apple, which he says has been rumored to be working on their own modem. Apple is already planning to phase out Intel chips in Mac computers as soon as 2020, people familiar with the plans said in April. Shares of Intel fell as much as 1.3 percent on Wednesday before paring losses as of 12:00 p.m. New York time. The new wrinkle follows a Goldman Sachs note today detailing its souring outlook on Intel, after analysts met with more than 25 companies in the technology supply chain last week. Despite positive trends, Toshiya Hari and Mark Delaney wrote that Intel could stand to lose market share in the server CPU market, which it currently dominates. Analysts at Bernstein earlier this week downgraded the shares following the CEO transition and what they saw as limited upside. In the past seven days, Intel lost $13 billion in market value, the CEO resigned after a relationship with a staffer and it was downgraded by two analysts. It’s been a stark momentum shift for the Santa Clara, Ca.-based computer component manufacturer, which had seen its shares rise over the course of the year as then-CEO Brian Krzanich’s efforts to expand into new markets took hold. Intel shares, after rising 24 percent this year through the beginning of June, have now given up much of the gains. Some analysts are still bullish on the semiconductor giant. Argus Research’s Jim Kelleher defended his buy rating for Intel in a Wednesday note, arguing that strong fundamentals made the recent slide in the stock an attractive entry point for investors. “Intel faces the usual array of competitive risks, but is the clear leader in microprocessors,” Kelleher wrote. “Given the company’s history of technology leadership, we do not expect any meaningful market share losses going forward.” — With assistance by Jeran Wittenstein One stock that might be an intriguing choice for investors right now is Intel Corporation INTC. This is because this security in the Semiconductor - General space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Semiconductor - General space as it currently has a Zacks Industry Rank of 17 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. Meanwhile, Intel Corporation is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firmâs prospects in both the short and long term. Intel Corporation Price and Consensus Intel Corporation Price and Consensus | Intel Corporation Quote In fact, over the past month, current quarter estimates have risen from 86 cents per share to 97 cents per share, while current year estimates have risen from $3.84 per share to $4.00 per share. This has helped INTC to earn a Zacks Rank #2 (Buy), further underscoring the companyâs solid position. You can see the complete list of todayâs Zacks #1 Rank (Strong Buy) stocks here. So, if you are looking for a decent pick in a strong industry, consider Intel Corporation. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment. The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >>
Intel Corp. interim Chief Executive Officer Bob Swan, who replaced the ousted Brian Krzanich, told the chipmaker’s employees he doesn’t want the job permanently, according to a person familiar. Swan made his comments during an all-hands meeting after the announcement that Krzanich had left the company, said the person, who asked not to be identified speaking about an internal forum. Swan, Intel’s chief financial officer, will continue with the duties of that role while temporarily acting as the company’s leader and caretaker. Krzanich was asked to resign after the company was notified he had broken rules forbidding managers from having relationships with employees. By removing himself as a candidate for the CEO post, Swan is further limiting the internal options for Intel’s board, which has chosen leaders from within throughout the company’s 50-year history. Intel said it’s launching a search for a replacement and will consider candidates who work for the Santa Clara, California-based company as well as those from the outside. Krzanich’s abrupt departure broke a run of carefully managed successions at the world’s second-largest chipmaker. Several of his peers, who were likely to have been natural candidates for the role, were pushed out or chose to leave during Krzanich’s tenure. BK, as the former CEO was known, also appointed a large number of senior executives from outside the company. Under his predecessors, top posts generally had been filled internally. Executives such as Stacy Smith, Renee James, Kirk Skaugen and Diane Bryant all left Intel while Krzanich was in charge. Intel’s stock has fallen more than 7 percent since the June 21 announcement that its CEO was leaving. Television has a few trappings we don't usually think too much about. Viewers can see things on screen from the angle the camera offers, but no other. Sure, camera technology has improved and more lenses are incorporated into everything from films to sporting events, and it seems like the vantage point from our couch is improving. In actuality, though, it's a subtle step at best. A paradigm shift might be on the way, though, if Intel Studios' vision comes true. The Los Angeles-based state-of-the-art production studio, which opened in January, is dedicated to the production of virtual and augmented reality. At the center of its 25,000-square-foot space is a 10,000-square-foot dome designed to capture actors, players and objects in volumetric 3-D, letting viewers see things from a near infinite number of angles. There's been plenty of pie-in-the sky dreaming about immersive media for years, but Intel's technology, called True View, is already gaining attention — from Paramount, one of Hollywood’s biggest film studios. Paramount recently partnered with Intel to explore True View's potential in its various entertainment mediums. So far, Paramount has not announced or revealed any projects with Intel; the priority now is to let directors and content creators become familiar with what True View can do and begin to imagine use cases. Intel is also partnering with John Brenkus, a six-time Emmy award winner and the creator/host of “Sport Science” on ESPN, to create volumetric sports content for his new show, called "Soul and Science." "If you look at our past successes ... it has been very successful traditional, linear content," said Brenkus. "What it hasn't been able to do is deliver content in a way that people not only haven't seen but haven't imagined. The partnership with Intel is the perfect partnership to [give] an audience an insight on the world greatest athletes through a lens they've never even imagined." Intel Studios is hoping its next-generation VR and AR will go beyond producers of scripted content to attract ad agencies and producers of live sporting and music events. With True View, multiple cameras with multiple lenses offer a 360-degree view of a scene or event. Viewers can then choose the camera position and angle they want — and zoom in on a moment at will. Think, as an example, of computer-generated graphics. CGI artists have been able to zoom in and out from any direction they pleased for some time. With volumetric 3-D, Intel is making it possible with live action. More from The Edge: Smartphone-controlled, color-changing fabric is coming to your clothes and furniture These humanoid robots will make you question reality While it can be adapted for traditional television, volumetric 3-D really shines in virtual reality and augmented reality headsets. Since those fields are changing so rapidly, Intel is centering its efforts on the big data component, figuring out how to best process the data. And there's a lot of it. Shooting just one minute of an NFL game, True View gathers 3TB (terabytes) of data. In just 15 minutes that works out to the data equivalent of all of the text in the Library of Congress. "We have 10 petrabytes of storage on premises [10,000 terabytes]," said Howard Wright, vice president of global business development for Intel Sports. Compiling that and letting users access it without delay will still take some time — and Intel won't say exactly how long. But the goal, said Wright, is to make it instantaneous. "Our goal is to get to a real-time experience," he said. "You would have, say, a second screen experience [in a stadium] and ... you would be able to see in real time what [your favorite athletes] are seeing as they are seeing it. This is how we're trying to use a lot of Intel's technical muscle to race to that reality and build this new digitized and personalized world. ... We have a hyper-aggressive timeline, and our CEO has wagged his finger at us [to achieve it]." That will require the partnership of sports franchises, and Intel's just at the beginning of that process. At least 38 5K cameras and ample storage space will need to be installed in stadiums to let True View work, to create the cloud of data the technology can pull from. And Intel's hoping the partnership with Brenkus starts the ball rolling with sports leagues. "We want to show our partners, from commissioners to billionaire owners, that we're building the stadiums of the future and arenas of the future and we've orchestrated the violent collisions of ones and zeros in this stadium," said Wright. "We're envisioning a world where we're going to create infinitely more content." Analysts say there's certainly potential to True View, but caution it has a long way to go before it's something that could hope to reshape the entertainment world. "It's a little bit early. There are a lot of interesting use cases for the technology, and Intel has historically worked with others," said Rubin Roy, an analyst at MKM Partners. "What it comes down to is when are the various sports entities, whether it's the NFL or NBA, going to be able to broadcast actual content to users using this technology. ... It's an interesting technology, but I don't think it's a game changer." Nevertheless, Wright is optimistic. "We're hoping to blaze a trail, as we've done in other verticals throughout the history of Intel," he said. "In this new vertical, though, we need co-travelers and co-architects." The advantage for those companies willing to take the leap of faith? Should this technology become as popular as Intel believes it will, content creators like Brenkus will have a head start over their competition. |
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