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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (4005)

4/20/2016 10:33:23 AM

From: Kirk ©

Respond to of 26800

Intel up today.

From what I gather from reading is they cut their 2016 revenue growth estimate a few pts to mid single digits and announced they may lay off up to 11% or 12,000 jobs.

Intel reports 1Q16 GAAP revenue of US$13.7 billion

Intel has reported first-quarter 2016 GAAP revenue of US$13.7 billion, operating income of US$2.6 billion, net income of US$2.0 billion and EPS of US%0.42. Intel reported non-GAAP revenue of US$13.8 billion, operating income of US$3.3 billion, net income of US$2.6 billion and EPS of US%0.54. The company generated approximately US$4.0 billion in cash from operations, paid dividends of US$1.2 billion, and used US$793 million to repurchase 27 million shares of stock.

"Our first-quarter results tell the story of Intel's ongoing strategic transformation, which is progressing well and will accelerate in 2016," said Brian Krzanich, Intel CEO. "We are evolving from a PC company to one that powers the cloud and billions of smart, connected computing devices."

For the first quarter of 2016, Intel's Client Computing Group saw revenues of US$7.5 billion, down 14% sequentially but up 2% on-year, revenues of the Data Center Group were US$4.0 billion, down 7% sequentially but up 9% on-year, and Internet of Things Group revenues were US$651 million, up 4% sequentially and up 22% on-year.

Non-Volatile Memory Solutions Group revenues were US$557 million, down 15% sequentially and down 6% on-year, and the Intel Security Group booked revenues of US$537 million, up 5% sequentially and up 12% on-year. The Programmable Solutions Group generated revenues of US$359 million, not including US$99 million of revenue as a result of acquisition-related adjustments. The first quarter of 2016 had 14 weeks of business versus the typical 13 weeks, as the company realigned its fiscal year with the calendar year.

Intel also announced a CFO succession plan. The current CFO, Stacy Smith, will transition to a new role at the company, leading sales, manufacturing and operations once his successor is in place. The company is beginning a formal search process for a new CFO that will assess both internal and external candidates. Smith will remain firmly focused on his CFO role and duties throughout the search and transition process.

"We are excited to have Stacy take on this new role, leveraging the deep expertise and strong leadership skills that he has developed over his 28-year career at Intel," said Krzanich.

digitimes.com

To: robert b furman who wrote (4005)	4/28/2016 12:33:05 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26800

Q1 GDP was Low as expected. The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Real gross domestic product -- the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, adjusted for price changes -- increased at an annual rate of 0.5 percent in the first quarter of 2016, according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 1.4 percent. The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm