{"id":27215,"date":"2014-07-14T11:47:07","date_gmt":"2014-07-14T15:47:07","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=27215"},"modified":"2014-07-14T11:47:07","modified_gmt":"2014-07-14T15:47:07","slug":"intel-corporation-nasdaqintc-launches-new-tablet-chips","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/intel-corporation-nasdaqintc-launches-new-tablet-chips-27215","title":{"rendered":"Intel Corporation (NASDAQ:INTC) Launches New Tablet Chips"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 07\/14\/2014 (wallstreetpr) \u2013<strong>\u00a0Intel Corporation (NASDAQ:INTC)<\/strong> is rolling out at least three new low-power chips that are targeted at tablet devices. The move signals the company\u2019s commitment to penetrate the mobile and tablet market where its position remains slim.<\/p>\n<p style=\"text-align: justify;\">The chips are expected to deliver higher speeds but also support low-power consumption. There is a big demand for high-speed smartphones and tablets, and Intel sees that as an opportunity to increase its market share in the segment.<\/p>\n<p style=\"text-align: justify;\">The newly launched chips belong to the \u201cBay Trail\u201d family. Experts believe that the new chips will be inside low-cost Android and Windows tablets.<\/p>\n<p style=\"text-align: justify;\">In order to increase its market penetration, Intel Corporation (NASDAQ:INTC) has entered into partnerships with device manufacturers through which it offers its chips at discounted costs to encourage up uptake.<\/p>\n<p style=\"text-align: justify;\"><strong>Better 2Q results<\/strong><\/p>\n<p style=\"text-align: justify;\">Intel Corporation (NASDAQ:INTC) recently upgraded its 2Q guidance on the back of the increase in PC sales. The move by <strong>Microsoft Corporation (NASDAQ:MSFT)<\/strong> to halt support for Windows Xp led to widespread system upgrade among enterprise customers that in turn boosted PC sales.<\/p>\n<p style=\"text-align: justify;\">Encouraging with the findings that PC sales are not declining as fast as was predicted and the fact that system upgrade is leading to more PC sales, Intel Corporation (NASDAQ:INTC) reacted by boosting its revenue expectation. It expects 2Q revenue at $13.7 billion, up from $13 billion in the previous estimate. The company also expects the gross profit margin to be at 64 percent, a slight increase from the earlier expectation of 63 percent.<\/p>\n<p style=\"text-align: justify;\">Shares of Intel Corporation (NASDAQ:INTC) have gained nearly $12 since June 12 when the company updated its guidance.<\/p>\n<p style=\"text-align: justify;\"><b>Earnings expectation<\/b><\/p>\n<p style=\"text-align: justify;\">Wall Street expects the company to post adjusted 2Q net income of $2.81 billion, suggesting 35.9 percent increase from the same quarter a year earlier. The adjusted EPS is expected to hit $0.558, indicating a growth of 39.6 percent on a year-over-year basis.<\/p>\n<p style=\"text-align: justify;\">As a member of the Dow Jones and S&amp;P 500 Index, the performance of Intel Corporation (NASDAQ:INTC) is closely tracked at has immense bearing on earnings expectation of similar technology companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 07\/14\/2014 (wallstreetpr) \u2013\u00a0Intel Corporation (NASDAQ:INTC) is rolling out at least three new low-power chips that are targeted at tablet devices. The move signals [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":27216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[1900,1637,597,738],"stock_ticker":[],"class_list":["post-27215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-intel-corporation-nasdaqintc","tag-microsoft-corporation-nasdaqmsft","tag-nasdaqintc","tag-nasdaqmsft","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Intel Corporation (NASDAQ:INTC) Launches New Tablet Chips  - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/intel-corporation-nasdaqintc-launches-new-tablet-chips-27215\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intel Corporation (NASDAQ:INTC) Launches New Tablet Chips  - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 07\/14\/2014 (wallstreetpr) \u2013\u00a0Intel Corporation (NASDAQ:INTC) is rolling out at least three new low-power chips that are targeted at tablet devices. 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