February 7, 2012  Print Email | Analyst says buy Intel
SOCs and Larrabee not built in
Posted by Mike Magee at 04:43 PM GMT on Mar 12, 2009 | A FINANCIAL analyst has recommended Intel (tick: INTC) as a buy, and has set a target figure for the share price of $17.
Currently Intel is trading on NASDAQ at $14.35.
Doug Freedman, at Broadpoint Amtech, believes the market has yet to take account of Intel’s progress in developing its Larrabee technology, as well as opportunities it may have in the system on a chip (SOC) business, following the deal it struck with pure play foundry TSMC.
The entry of Intel into the solid state disk (SSD) market will also benefit the firm, said Freedman.
He says that Intel’s deal with TSMC gives it access to semiconductor markets it hasn’t yet penetrated. However, Intel has tried to penetrate many different semi sectors over the years, and its attempts haven’t always been spectacularly successful.
Freedman said that the non-core PC embedded market is likely to affect its margins.
The $17 share price he’s pitching could be improved when Intel’s two way Nehalem server launches at the end of March. The launch of Windows 7 may also help Intel. Uncertainties include litigation with AMD or Nvidia, which could have a positive or a negative effect on the firm’s share price.
|
|
| |
|