Boston, MA 04/14/2014 (wallstreetpr) – One of the biggest multinational chipmaker, Intel Corporation (NASDAQ:INTC) is pulling up its socks to face the 1Q2014 results that is due to be released on April 15, 2014. As the dates are nearing, Intel seems to juggle with its restructuring and pipeline plans to have a smooth ride in the coming financial quarters. Intel is hitting on its experimental spree for keeping everything under control (Quite an intelligent planner huh!)
Changes in structure of financial reporting
Intel Corporation (NASDAQ:INTC)has recently announced to revise its operational segments to reflect changes in its organizational model in order to achieve its critical goals and objectives. It is all set to provide a new structure for financial reporting with an aim to showcase more visibility into the newly proposed model. The changes will be seen in financial structuring of various groups like PC Client Group, Data center Group, Mobile and Communications Group, Acquisition cost, etc. the same has been incorporated to reflect the two key areas i.e. growth in linking up e-devices & mobile.
Delayed launch of new products
One has to wait for yet another month before the launch of Haswell Refresh CPUs and chipsets as Intel has announced a delay from the planned schedule i.e. launch in April. The motherboard manufacturers have recently confirmed the news.
Upgradation to ‘Outperform’
Intel Corporation has recently upgraded from ‘sector perform’ to ‘outperform’ at Pacific Crest. This has been upgraded due to increasing corporate PC demand and expectations. It is all geared up to make a huge investment meet the demands of the growing customers.
Closure of Costa-Rica Operation
Plans to move beyond the PC market are the burning issue on Intel’s board. It has laid down its plans of moving towards experimenting with the mobile market. Thus, in furtherance of the same, Intel Corporation (NASDAQ:INTC) recently close down its three operational setups in Costa Rica witnessing elimination of 15k jobs. The temporary set back of closure is to fuel the larger plan of expansion and exploration.
