Pacific Crest views the breakdown in Dennard scaling and Dark Silicon as an underappreciated positive for FPGA maker Altera (ALTR). The firm sees fair value for the stock at $55-$60. It still thinks that an acquisition of Altera by Intel (INTC) makes sense strategically.
Pre-earnings options volume in Intel is normal with calls leading puts 2:1. Implied volatility suggests the market is anticipating a move near 5.6%, or $1.96, after results are released. Median move over the past eight quarters is 7.8%.
Intel (INTC) is scheduled to report results of its fiscal first quarter after the market close on April 25, with a conference call scheduled for 5:00 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here