FBR Capital Reiterates “Market Perform” Rating on Intel (NASDAQ: INTC)

FBR Capital analysts reiterated a “market perform” rating on shares of ITNEL Corp (NASDAQ: INTC) citing the company’s recent purchase of Infineon.

Intel Corporation is a semiconductor chip maker, developing advanced integrated digital technology products, primarily integrated circuits, for industries, such as computing and communications. The Company designs and manufactures computing and communications components, such as microprocessors, chipsets, motherboards, and wireless and wired connectivity products, as well as platforms that incorporate these components. It operates in nine operating segments: PC Client Group, Data Center Group, Embedded and Communications Group, Digital Home Group, Ultra-Mobility Group, NAND Solutions Group, Wind River Software Group, Software and Services Group and Digital Health Group. During the fiscal year ended December 26, 2009 (fiscal 2009), it acquired Wind River Systems, Inc. In May 2010, Micron Technology, Inc. acquired Numonyx B.V.

Shares of INTC traded down 1.96% on Monday hitting $18.01 during mid-day trading.

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