ADVFN - Advanced Financial Network.
HOME» NASDAQ » I » INTC Stock Price » INTC Stock News

Intel Share News

 Intel (mm) Stock Price
INTC Stock Price
 Intel (mm) Stock Chart
INTC Stock Chart
 Intel (mm) Stock News
INTC Stock News
 Intel (mm) Company Information
INTC Company Information
 Intel (mm) Stock Trades
INTC Stock Trades

Novellus Systems 1Q Net Down 54% As Revenue Falls

DOW JONES NEWSWIRES Novellus Systems Inc.'s (NVLS) first-quarter earnings fell 54% as revenue continued to decline amid weakness in the semiconductor industry. Novellus is being acquired by Lam Research Corp. (LRCX) in a stock deal that values Novellus at about $3.3 billion. Both companies make products that help design and wire chips for specific functions. Novellus mainly supplies technology that deposits layers of film on semiconductors. Lam focuses on an adjacent step in the manufacturing process--etching the film to create features that define functions. Customers include large chip makers like Intel Corp. (INTC) and Samsung Electronics Co. (005930.SE, SSNHY). Novellus grew more cautious late last year as renewed concerns about the economy caused customers to postpone orders, but shipments and bookings rose sequentially in the latest period. Novellus reported a profit of $44.4 million, or 59 cents a share, down from $96.4 million, or $1.04 a share, a year earlier. Excluding merger-related costs and other impacts, per-share earnings were 61 cents. Revenue slipped 21% to $326.7 million. In February, the company had forecast earnings of 50 cents to 65 cents a share on revenue between $300 million and $330 million. Gross margin narrowed to 47.3% from 50.4%. Shipments rose to $319.2 million, a 15% increase from the prior quarter. Bookings were $361.7 million, up 26% sequentially. Shares closed at $47.03 Wednesday and were unchanged after hours. The stock is up 14% since the start of the year. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com

Stock News for Intel (INTC)
DateTimeHeadline
04/25/201511:07:02Apple Inc. Might Be Planning Massive Overhaul of the MacBook...
04/24/201511:32:02Is A Stock Market Bubble Brewing in "Internet of Things" Stocks?
04/24/201511:30:02Intel Corporation Stock Ratio Analysis
04/24/201510:50:02Did International Business Machines Corp. Make the Right Move...
04/23/201517:19:44Altera Posts Weak Guidance as Sales Fall 6%
04/23/201516:45:36Statement of Changes in Beneficial Ownership (4)
04/23/201514:08:02More Intel Corporation 14-Nanometer SoFIA Details Revealed
04/23/201508:09:023 Reasons the Microsoft Surface 3 Should Replace Your Laptop...
04/22/201518:06:02Intel Corporation Might Be Bringing a Revolutionary Technology...
04/22/201512:32:02Intel Corporationâs Skylake, MorphCore, and Unrealistic Expectations
04/22/201511:05:10Intel Corporationâs LTE-capable Atom x3 Reportedly Coming in t...
04/22/201511:00:00The Intel® Compute Stick: A New Mini-Computing Paradigm, Available...
04/22/201507:55:04ASML Clinches Order for Machines Making More Powerful Computer...
04/21/201516:04:18Statement of Changes in Beneficial Ownership (4)
04/21/201513:47:28Why Shares of Lam Research Corporation Took Off
04/21/201513:00:00Intel Security Empowers Organizations to Better Recognize and...
04/21/201510:29:44Why Employee-Performance Ratings Are Here to Stay
04/21/201509:03:02Uncovering the True Value of Advanced Micro Devices, Inc. Intellectual...
04/21/201508:05:02Intel Corporation to Detail 14-Nanometer System-on-Chip Technology...
04/21/201508:00:00Wind River Delivers Solutions for Next Generation ADAS and Autonomous...

Intel and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad