A certain semiconductor maker's stock is taking a pounding from its disappointing earnings report, but Bart Geer of Putnam Investments thinks it's become a real bargain. He named other stock picks, too -- in energy, despite fears of a U.S. recession.
Ouch. There's really no other way to summarize Intel's earnings, and there's little question that Intel's softness took Wall Street by surprise. Just look at the shellacking these shares are taking today. But is the selloff warranted, or -- like so many other moves to the downside in recent weeks among the top names in tech -- is the Intel drubbing overdone?
Intel shares took a nosedive Wednesday after the chip maker posted fourth-quarter results and a first-quarter outlook behind Wall Street targets.
With the Intel disappointment, S&P futures are trading below August lows and we are now certain to see the S&P 500 -- but not the Dow -- trade at 52-week lows.
Intel posted fourth-quarter results and a first-quarter outlook behind Wall Street targets, sending its shares down about 15 percent.
WiMAX, loosely described as “WiFi on steroids,” is finally ready for its close up.
Analysts polled by Thomson Financial expect Intel to report profits of 40 cents a share on sales of $10.84 billion after markets close Thursday.
It's the Friday before Macworld and once again, tongues are wagging about what Steve Jobs will pull out of his jeans pocket; what he might have lurking up his trademarked black sleeve; whether he can offer up something to pump some life back into this sagging stock.
Stocks rallied to close higher after a report that Bank of America is in advanced talks to buy troubled mortgage lender Countrywide Financial.
The office of New York Attorney General Andrew Cuomo on Thursday said it launched a formal investigation into Intel to determine whether the world's biggest chipmaker violated state and U.S. antitrust laws to squeeze out its rival, Applied Micro Devices.
Semiconductor giant Intel is being investigated by Andrew Cuomo, New York attorney general, his office said Thursday. The AG is probing whether Intel violated state and/or federal antitrust laws in its market-share battle with key rival Advanced Micro Devices.
At the Consumer Electronic Show in Las Vegas, Intel Chief Executive Paul Otellini spoke with Jim Goldman about the future of the semiconductor giant and the industry as a whole. The CEO waxed optimistic. "You have to remember, 75 percent of Intel's sales are non-U.S. ...And there seem to be no signs of a global 'R-word' out there," the CEO declared.
Awareness. That's the word CES exhibitors use most when you ask what they hope for out of the show. Everyone turns out all the stops to alert everyone else to their presence—and everyone does it at the same time. That's why "CES Unveiled," a pre-show press event, takes on the air of a Tunisian bazaar or a Chicago futures trading floor
Here we are on the eve of the massive Consumer Electronics Show in Las Vegas, a kind of senior prom for the tech industry, when everyone seems to feel really good about themselves and the innovations they're bringing to the market.
U.S. stocks ended the day flat but there was plenty of action as oil passed through par, gold hit a new high and Bed Bath & Beyond put up "beyond" bad numbers. All that and more in the "Word on the Street."
Stocks closed little-changed ahead of Friday's jobs report after ringing in the new year with a record decline.
Stocks had one of their worst opening days ever after getting slammed by $100 oil and bad news for manufacturing and the credit industry.
The stock market is off to a fitful start on this first trading day of 2008, not necessarily a good omen for the year if you believe soothsayers. ISM manufacturing data, released at 10 a.m., took an already waffling market lower.
Just when you thought it couldn't get any worse for Advanced Micro Devices, Banc of America kicks the company when it's down, right in the teeth. And the report is sending a shudder through all of big-cap chip stocks.
This past year was a busy one for tech, including Apple's iPhone release; Halo 3; Xbox vs. Wii vs. PlayStation; HD-DVD vs. Blu-ray: Google's new mobile strategy; Intel's surge at AMD's expense; all things wireless; Oracle and Microsoft's blockbuster earnings; Yahoo's CEO shakeup; VMWare's IPO; the ongoing shake-up at Dell; and of course my favorite: Star Wars celebrating its 30th anniversary.