Tech

Intel will get elevate from earnings, buyers look previous chip…

Intel will get elevate from earnings, buyers look previous chip…

How does this all impact investors? And in its press release, it did include a warning that security flaws "could adversely impact our results".

Earnings call at 5 PM Eastern with webcast available here.

Most of the public are of course unaware and unconcerned about the issue.

Yesterday, Krzanich said Intel's immediate focus was on coming out with "high quality mitigations" to protect customers from potential exploits. "This will be an ongoing journey", he said. Excluding certain items, profit was $1.08 a share. That's a little ahead of the 72-cent consensus.

French tech publication LeMagIT reported this week it had obtained a top-secret Intel memo sent to OEM customers on November 29 under a confidentiality and non-disclosure agreement, meaning the hardware makers were banned from discussing the file's contents.

Intel Corporation today reported full-year and fourth-quarter 2017 financial results. Revenue rose 8 percent not counting its McAfee security unit spun out last April (4 percent including it), to $17.1 billion, also comfortably above analysts' estimate of $16.34 billion.

The company saw its turnover increase by a 6 percent in 2017 to a record level of $ 62.8 billion.

In a note to investors on the Q4 earnings release, Credit Suisse analyst John Pitzer said he upgraded Intel stock from Neutral to Outperform and boosted his price target from $42 to $55 per share.

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"Intel's PC-centric business continued to execute well in a declining market while the growth of our data-centric businesses shows Intel's transformation is on track". Typically, a new CPU design is frozen at least a year before products ship for revenue. The company reported a loss of $687 million (€553 million), or 15 cents per share, in the fourth quarter ended December 30th, due to an income tax expense of $5.4 billion as a result of the recent USA tax reforms. "Even the data center came back". Intel said Friday that it has more to do to address those vulnerabilities but reiterated that it doesn't believe the flaws will have a material impact on its business.

Spectre and Meltdown exploit vulnerabilities in modern chip design that could allow attackers to get around system protections on almost every PC, server, and smartphone.

Intel early this week called for a halt in deployment some patches for a troubling vulnerability in its computer chips because they could cause "unpredictable" problems in affected devices.

The company also faces rising competitive pressures, in particular for chips used to do artificial intelligence. Five to six years ago, Intel would quickly point out that one major difference between itself and rival foundries like TSMC was the way it talked about new process nodes.

Intel did get something of a win on the competitive front Wednesday, however. This is typically the most volatile part of the chip industry.

The company's data-centric operations are obviously proceeding well, with its revenue in this space up 21 per cent in the fourth quarter, compared to an overall eight per cent rise.

The chipmaker, buoyed by strong operating performance and a long-term boost from the tax changes, also announced it was raising its dividend by 10%.


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