Intel Corporation (NASDAQ:INTC) settlement with FTC removes concern cloud over it

Intel Corporation shares are currently priced at $19.45 after Pre-Market trading today, which is about 0.57 % less than yesterday’s trading price. The company shares have 52 week high of $24.37 and 52 week low of $18.31. The company has 50 day moving average of $20.58 and 200 day moving average of $28.21. The sustenance and resistance levels of Intel are $19.11 and $20.38 respectively. The company has a market capitalization of 108.30 billion and the average volume seen for the stock is 75,650,000 shares. According to a press release, Intel had declared a dividend of 15.75 cents per share on Aug 4 2010. The company had declared its quarterly cash dividends on July 22, 2010.

Subscribe to daily free stock newsletter by visiting:  http://www.PennyStockPickReport.com

Intel, the world’s largest chipmaker settled its litigation with Federal Trade commission on Aug 4, 2010 and denied allegations that it had engaged in improper and uncompetitive behavior. A New York attorney had earlier in November accused Intel of giving price discounts to one of its biggest customers, Dell. Last year too Intel had similar problems with AMD and ended up settling the dispute with $1.25 billion. This was apparently FTC’s third investigation against Intel.

According to a news, the decline in the demand of personal computing solutions led to a decrease in the price of Intel and other companies engaged in the technology sector. According to analysts, the downfall was greater than they had expected for the July quarter. Intel however has stated that it expected a surge in the sales in the coming quarters and further more increase in 2011.

Intel’s stock was downgraded on 10^th August to Equal weight from Overweight at Barclays Capital. The share price took a downturn following the announcement.

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.

About http://www.PennyStockPickReport.com

Penny Stock Pick Report offers stock newsletter on OTC, PINKSHEETS ,OTCBB, AMEX, NASDAQ and NYSE stock exchange. Our subscribers receive daily up to date stock information on hot stocks, most active movers, top gainers, penny stocks and much more. If you wish to feature your organization on our website then you can contact us at the email given below.