I Know First Review

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s platforms are used to deliver a range of computing experiences in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things. It also develops and sells software and services focused on security and technology integration.

An article was published in the I Know First website on October 16th, 2015 with a forecast for Intel stock. Intel was, at that point, refocusing efforts on producing higher-margin processors for tablets and notebook computers. While our analyst argued that Intel could be a good pick for the long term, the algorithm gave a bearish forecast. Since the forecast was published, Intel stock is down by 7.05%.

Qualcomm (NASDAQ:QCOM), is taking a fight at Intel. The largest mobile chipmaker in the world recently formed a new joint venture in China with the Guizhou Province government. The new company, Guizhou Huaxintong Semiconductor Technology, will design, develop, and manufacture chipsets for servers. Qualcomm will provide research support and server chip technology licenses to the joint venture.

Even tough competition is increasing data shows a bright path for the company.

Three months ago, Intel’s had forecasted revenues of $14.8 billion with a 62% gross margin. The company came in at the top end of its sales forecast, and gross margins ended up at 64.3%.

They expected an effective tax rate of roughly 26%, but the tax bill was only 16%. This happened because of the renewal of the U.S. research and development tax credit and other one-time items. If the tax rate had landed at the expected 26%, earnings would have landed at $0.65 per share

The Internet of Things division had a 6% sales growth, that finished at $625 million. The bigger data center group almost was the same. Sales went up by 5% to $4.3 billion.

Previously I Know First’s Algorithm predicted the performance of INTC for the period of October 14th to the 14th. The stock rose 0.35% during these 3 days

Previously I Know First’s Algorithm predicted the performance of Intel for the period of October 14th to the 27th of January 2016. The stock fell 7.05% during the period.