Boston, MA 02/25/2014 (wallstreetpr) – Intel Corporation (NASDAQ:INTC) is close to a wireless chip supply deal with Samsung Electronics. INTC is vying to offer LTE chips for a variant of the upcoming Galaxy S5 smartphone family. There are no specific details at which device will ship with Intel inside, however, it is clear that Intel inside will feature in one of the devices expected to hit the market in the upcoming months. A deal with Samsung to supply the LTE processor for one of its smartphone devices would be an important step for Intel which until now has not cracked a formula to benefit from the lucrative mobile devices market. It had earlier been reported that Samsung, NEC, HTC and Intel Corporation (NASDAQ:INTC) were part of a technology plot aiming to develop mobile OS called Tizen that would rival Android and give Intel an upper-hand in chips supply among those in the association.
GT Advanced Technologies Inc (NASDAQ:GTAT) has announced its earnings are revenue expectation for the current fiscal year. This came on the day that the company also declared its latest quarterly results. GTAT announced that it expects earnings in the range of 2 cents to 18 cents in fiscal 2014. That compares to the consensus estimate of 7 cents from Thomson Reuters. As for revenue, GTAT has its eyes fixed on achieving between $600 and $800 million. On the other hand, the consensus revenue estimate is $691.79 million. On top of the guidance, GT Advanced Technologies Inc (NASDAQ:GTAT) declared fourth quarter results which showed realized negative 26 cents per share at a time when analysts were expecting negative 35 cents. Revenue for the quarter was $32.60 million, below the $37.38 million consensus estimate.
The Coca-Cola Company (NYSE:KO) is not past its best regardless of the trouble lurking in the carbonated drinks industry. This is according to analysts at Thomson Reuters/Verus who just hoisted their view on the stock to “buy” from “hold.” In fact, even consensus view reflects the same at “buy” with price target of $43.69. So far at least 20 investment analysts tracking the stock have issued their sentiments recently. With KO stock completing at $37.50 after boosting value by 0.86 in the last session; it is easy to see that the average price target on the stock reveals a significant upside potential compared with the prevailing price. The Coca-Cola Company (NYSE:KO) recently announced it would boost its ad spending to accelerate sales.
