Zacks Analyst Blog Highlights: Intel Corp, Advanced Micro Devices, NVIDIA Corp., Google and AT&T - Press Releases
For Immediate Release
Chicago, IL – December 15, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Intel Corp (INTC), Advanced Micro Devices (AMD), NVIDIA Corp. (NVDA), Google (GOOG) and AT&T (T).
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Here are highlights from Monday’s Analyst Blog:
Intel Paying the Price
Intel Corp (INTC) has paid Advanced Micro Devices (AMD) the agreed $1.25 billion to settle long-standing disputes between the two chipmakers. This takes care of the AMD lawsuit that was slated to come up for trial early next year, does away with the x86 dispute, imposes restrictions on Intel regarding its competitive behavior and seeks arbitration in the event the companies are unable to resolve any issue mutually.
The payment to AMD follows the $1.45 billion in fines paid to the European Commission as penalty for anti-competitive practices. Of course, Intel is appealing the case.
We are a bit concerned about the amount of cash Intel is dishing out. While parting with these amounts may not cramp its style (the company generated over $4 billion in the last quarter itself), it adds to the negative publicity.
Further, regulatory pressures continue to increase. Intel is now under scrutiny by the Federal Trade Commission (FTC), has been sued by the New York Attorney General and is in the middle of an ugly dispute with long time partner NVIDIA Corp. (NVDA).
While all the three could lead to significant cash drain, we are particularly concerned about the company’s falling out with NVIDIA.
Google's Nexus Mobile
Google (GOOG) is testing a new Google touch phone, which is being referred to as “Nexus One". The company has distributed the device to employees across the world, intending to use their feedback for improving the phone. Employees say that the Nexus phone is a device running the new 2.1 Android operating system, manufactured by Taiwanese phone maker HTC to run on GSM technology.
Users would be able to choose their carrier from a drop-down menu. Accordingly, since the phone uses GSM, carriers T-Mobile and AT&T (T) are the logical choices in the U.S. In the U.S., it is normal for phone makers to partner with carriers who subsidize the phone in exchange for a long term contract with the buyer.
However, this is not the case in some emerging markets, where it is customary to choose the phone first and then the carrier that one considers most reliable. Therefore, Google’s strategy would work well in these markets. The competitive scenario in the U.S. would be scrambled however, with the company pitted against its own partners.
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