JimmyHua
04-15

$Intel(INTC)$

Intel's sale of a majority stake in Altera is a calculated move to refocus on its core competencies—CPUs, GPUs, and foundry services. By partnering with Silver Lake, a firm with a strong track record in tech investments, Altera gains operational independence and access to resources that could accelerate its growth in the FPGA market. Intel retains a 49% stake, allowing it to benefit from Altera's future success without the burden of direct management. This divestiture also strengthens Intel's balance sheet, providing capital to invest in areas with higher growth potential. The market's positive reaction, with Intel's shares rising approximately 6% following the announcement, suggests investor confidence in this strategic pivot.

Intel Beats Sales! Above $40, Smooth Sailing Ahead?
Intel reported better-than-expected third-quarter sales, signaling that demand for its core x86 processors for PCs has recovered.Revenue: $13.65 billion versus $13.14 billion estimated EPS: 23 cents, adjusted, not comparable to analyst estimates The report is Intel’s first since the U.S. government became the company’s top shareholder in August with a 10% stake.
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Comments

  • Enid Bertha
    04-19
    Enid Bertha
    Buy Buy and then Buy some more. Intel is all you need to know.
  • Merle Ted
    04-19
    Merle Ted
    lip-bu is laying down the foundation for the future growth :)
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