HALISTER: Intel 4Q Rev. Forecast Midpoint Trails Est.; Shares Down 3.4%

Intel 4Q Rev. Forecast Midpoint Trails Est.; Shares Down 3.4%

(Bloomberg) -- Intel sees 4Q rev. $15.2b-$16.2b vs est. $15.9b; sees 4Q adj. gross margin 63% +/- couple of percentage points vs est. 62.7%.
  • 3Q GAAP EPS 69c vs est. 67c
  • 3Q rev. $15.8b vs est. $15.6b
    • Client computing rev. $8.9b, up 5% y/y
    • DCG rev. $4.5b, up 10% y/y
  • 3Q adj. gross margin 64.8% vs est. 63.0%
  • Reaffirms 2016 capex forecast
  • Sees total restructuring and other charges $2.3b, with majority of remaining charges to be realized from now to middle of 2017; $1.8b in charges have been realized to date and another $250m expected in 4Q
  • INTC down 3.4% post-market
  • Call 5:00pm, 877-303-7005 pw 87237591
  • Preview here
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
INTC US (Intel Corp)

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UUID: 7947283

HALISTER1: Credit Suisse Said to Pay EU100m to Settle Italy Tax Case: Rtrs

Credit Suisse Said to Pay EU100m to Settle Italy Tax Case: Rtrs

(Bloomberg) -- Credit Suisse “agreed in principle” to pay ~EU100m to settle tax position in Italy in a case involving allegations it assisted clients in transfering undeclared funds offshore, Reuters says, citing person familiar.
  • Says agreement not finalized
  • NOTE: Feb. 19, Credit Suisse said to face money laundering probe in Italy
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
CSGN VX (Credit Suisse Group AG)

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UUID: 7947283

HALISTER: Verizon Is Said to Be Antsy Over Lack of Clarity in Yahoo Breach

Verizon Is Said to Be Antsy Over Lack of Clarity in Yahoo Breach

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
VZ US (Verizon Communications Inc)
YHOO US (Yahoo! Inc)

People
Craig Silliman (Verizon Communications Inc)
Daniel Gilbert (Quicken Loans Inc)
Kevin Roe (Roe Equity Research LLC)
Marissa Mayer (Yahoo! Inc)

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UUID: 7947283

HALISTER1: York’s Dinan Expects St. Jude/Abbott to Close in Dec.: CNBC

York’s Dinan Expects St. Jude/Abbott to Close in Dec.: CNBC

(Bloomberg) -- York Capital’s Jamie Dinan doesn’t expect Muddy Waters issues, recall will impact deal: comments in CNBC interview.
  • Dinan expects Monsanto/Bayer deal to close
  • He also likes bonds of Linn Energy, expects they may double when “listed”; also likes Ultra Petroleum
  • “There’s a lot of things that were dead man walking six months ago and they are actually going to be viable businesses”: Dinan
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
STJ US (St Jude Medical Inc)
BAYN GR (Bayer AG)
LINEQ US (Linn Energy LLC)
MON US (Monsanto Co)
UPLMQ US (Ultra Petroleum Corp)

People
Jamie Dinan (York Capital Management LP)

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UUID: 7947283

HALISTER1: U.S. Structured Finance Newsletter - October 18, 2016

U.S. Structured Finance Newsletter - October 18, 2016

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Charles Weilamann (DBRS Inc)
Chris Donofrio (Dbrs Inc)
Chris O'Connell (DBRS Inc)
Christopher D'Onofrio (DBRS Inc)
Claire Mezzanotte (DBRS Inc)

Topics
Fixed Income Research
Industry & Sector Research
Credit Analysis Research
Credit Research
Investment Research

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UUID: 7947283