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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

04/26/18 at 4:01 PM CDT

 

 

READ: 4

RPLY: 1

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Sentiment:

Neutral

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.

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