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Tuesday, July 14, 2009

Intel INTC Stock Halted July 14, 2009 7/14/09

Intel Corporation (INTC) stock has been halted after releasing blow out earnings tonight. Expected the stock to open much much higher when it opens back up.

Intel Earnings - $0.18 EPS vs $0.08 EPS - Wow!

Intel Margins - 51%

Intel Revenue - 7.82 Billion Vs 7.3 Billion Expected

8.5 Billion in 3Q revenue guidance

Looks like Netbook sales aren't effecting margins at all.

As for the Intel trading halt, should open between 4:30pm - 5pm EST

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