Cray Inc (Nasdaq: CRAY) jumps on results beat, outlook raise

ShawShank, VA 4/27/12 (StreetBeat) -- Shares of supercomputer maker Cray Inc (Nasdaq: CRAY) jumped 20 percent to their highest in two-and-a-half years on Friday after the company's quarterly results blew past estimates, boosted by a string of customer wins.

The company also raised its full-year sales outlook for the second time since November.

"We had a strong first quarter led by a large acceptance at Oak Ridge National Laboratory," CEO Peter Ungaro said in a statement on Thursday.

The company expects strong growth from its commercial customers in 2012, from manufacturing, life sciences and energy industries, it said on a conference call with analysts.

Cray raised its full-year revenue outlook range by $30 million between $430 million and $450 million.

Cray said on Wednesday it would sell its interconnect hardware development program and related intellectual property to Intel Corp (pasting) for $140 million in cash.

Shares of the company rose to $10.67, adding nearly $66 million to its market capitalization, and making it one of the biggest percentage gainers on the Nasdaq.

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Aware (Nasdaq: AWRE) Up 60%; Selling WiFi, LTE Patents To Intel (NYSE: INTC) For $75M

Orlando, FL 4/27/12 (StreetBeat) -- Aware Inc. (Nasdaq: AWRE) this morning said It has agreed to sell a group of patents and patent applications to Intel (NYSE: INTC) for $75 million. The patents are in the areas of WiFi, LTE and wireless home networking. Aware this morning also declared a special dividend of $1.15 a share.

Aware, a Bedford, Mass., technology company with products in biometrics software and DSL service assurance, this morning also announced Q1 results. For the period, Aware reported revenue of $5.7 million, down 10% from a year ago, with profits of 5 cents a share up from 3 cents a year earlier.

The patent deal is quite a windfall for Aware; as of yesterday the company had a market cap of just $77 million – so $75 million is looking like a pretty fat payday for those patents.

Ergo, AWRE this morning is up $2.26, or 60.4%, to $6.

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Intel (Nasdaq: INTC) to pay $140M for some Cray (Nasdaq: CRAY) assets

Orlando, FL 4/25/12 (StreetBeat) -- Intel Corp. (Nasdaq: INTC) said it will pay $140 million in cash to buy some networking assets from Cray Inc. (Nasdaq: CRAY).

Intel said Tuesday it will buy interconnect technology and some intellectual property from Cray, which provides and supports supercomputers.

Up to 74 Cray employees are expected to join Intel after the deal.

Intel, based in Santa Clara, Calif., is locating an East Coast headquarters at the University at Albany's College of Nanoscale Science and Engineering.

Cray is trading at $9.00, up $1.96 or 27.84% in early morning trading.

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Intel (Nasdaq: INTC) Inside Your Living Room? Chip Giant Reportedly Eyes IPTV

Chicago, IL 3/13/12 (StreetBeat) -- Intel (Nasdaq: INTC) is setting its sights on the living room, looking to launch an Internet-based TV service by the end of the year, according to a report in The Wall Street Journal.

In a shift that would pit the company in direct competition with cable and satellite television providers, Intel is working on a so-called IPTV service that would let the chipmaker act as a “virtual cable operator,” according to the report.

Under the plan, Intel would provide subscribers with a set-top box that would hook up to a TV set for access, the report said. However, Intel would not provide the actual Internet access used to connect to the service; consumers would need to purchase that on their own.

The Journal points out the company hired a specialist in Internet services last year, Erik Huggers, who was made general manager of Intel Media. Huggers, who was involved in the BBC’s iPlayer streaming TV service, has indicated that the Intel Media group is partly focused on TV-related services.

If Intel does go ahead with the service, cost could be a major factor in its success. According to The Wall Street Journal report, cable and satellite companies pay almost $38 billion a year to license television channels. Another potential issue, of course, is the speed and reliability of potential subscribers’ broadband Internet connections.

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