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What does Intel’s awesome quarter mean to the US Economy?

Intel(NASDAQ: INTC) announced a Stellar quarter on Monday evening.   How Stellar was it, and what does it mean?

So, here is the summary of the earnings

Item Q1-2010 Q4-2009 Q1-2009
Revenue $10.3 Billion Down 3% Up 44%
Operating Income $3.4 Billion Up 38% Up 433%
EPS 0.43 Up 7% Up 288%

Also, they announced that their second quarter is going to be about $10.2 Billion +/- $400Million.

Additionally, if you see where Intel has generated its revenue from today and in the recent past you see this… Continue reading

Tech Stocks to Watch

Here is an update on our recommendations from last week.

Apple Inc. (Nasdaq: AAPL) is up 5.4% for the week. Anybody would would have bought calls based on our recommendations would have had pretty good returns. We did invest and made some money. Going forward we recommend waiting for a pull-back of at least 5% before re-investing in Apple.

Brocade Communications, Inc. (Nasdaq: BRCD) is 3.2% for the week. We recommend to continue… Continue reading

Tech Stocks to watch

Here are a few stocks that seem to have good potential for next week.

Apple Inc. (Nasdaq: AAPL) is reporting earnings next Tuesday. With the launch of the new iphone midway through this quarter it should do good to the earnings this quarter. The company has beaten estimates by an average of about 8% in the past 8 quarters. So I would be buying calls going into earnings.

Brocade Communications, Inc. (Nasdaq: BRCD)… Continue reading