Microsoft (MSFT), Fusion-IO (FIO) Higher Following Intel (INTC) Comments; Sees No Enterprise Slowdown
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Price: $34.50 +0.64%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.4%
EPS Growth %: +475.0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.4%
EPS Growth %: +475.0%
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Intel (Nasdaq: INTC) shares are moving higher on the session Friday following its Analyst Day Thursday in which CEO Paul Otellini issued some choice comments.
Currently, Intel stock is 2.4 percent better Friday, Fusion-IO is 7.6 percent higher on strong volume, and Microsoft is up about 2 percent.
- Unlike Cisco (Nasdaq: CSCO) CEO John Chambers, Otellini said he is not seeing the same amount of slowdown in corporate enterprise spending. Specifically, Otellini may have been referring to the European market, which Chambers alluded to on his call.
- During the meeting, Otellini also noted how the cost per wafer increase is being offset by better scaling.
- Looking to 2013, Intel sees emerging markets and Ultrabook to drive revenue growth in the PC Client Group (PCG).
- Fision-IO (NYSE: FIO) might be seeing a pop today as Intel highlighted its Data Center Group (DCG) benefiting from a build-out of the cloud, expanding into different networking and communications infrastructure, increasing demand for high-performance computing, and technology leadership leading to a high return-on-investment for enterprise expansion.
Currently, Intel stock is 2.4 percent better Friday, Fusion-IO is 7.6 percent higher on strong volume, and Microsoft is up about 2 percent.
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