Intel targets mobile gains

Article Excerpt

INTEL CORP. $25 (Nasdaq symbol INTC; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 5.0 billion; Market cap: $125.0 billion; Price-to-sales ratio: 2.3; Dividend yield: 3.3%; TSINetwork Rating: Above Average; www.intel.com) saw its revenue rise 3.6% in the three months ended June 30, 2012, to $13.5 billion from $13.0 billion a year earlier. However, earnings fell 5.0%, to $3.0 billion from $3.1 billion. Earnings per share were unchanged at $0.57, due to fewer shares outstanding. The company continues to invest heavily in new plants and chipmaking technology. That has hurt its earnings, but these investments will help Intel sell more chips to makers of tablet computers and other mobile devices. Intel’s advanced technologies will also give it an edge over other chipmakers. Intel is a buy. buy…