|
OT - INTC
OT -INTC - reported after the bell - very good quarter, beats
plus raised guidance for rest of the year. AH over $57, almost $3
above 52 week high. Datacenter being a big revenue producer for
them, lessening dependence on PC chips. One won't see the effect of
their hiring the best chip-designing minds in the industry
immediately. But to me, it's simply another instance of INTC
thinking ahead into the future of the company. Before they started
making headway in diversification, I said I thought if any company
could transform themselves and muscle their way into sectors where
they had no presence, it was INTC. I think they've done about as
good a job as possible in that. If they can just get back on track
with a viable 10nm process, which has given them fits and delays,
that's the biggest apparent problem of the moment. That, and that
they've got great competitors on every front. Still, I find the
quarter and the raised guidance very promising. I was thinking
about taking some money off the table, but the follow-through on
INTC's CC's usually is fairly strong.
|
|