{"id":20312,"date":"2011-03-23T21:58:38","date_gmt":"2011-03-24T01:58:38","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20312"},"modified":"2011-03-23T21:58:38","modified_gmt":"2011-03-24T01:58:38","slug":"oracle-said-it-will-cease-all-efforts-to-develop-technology-around-intels-nasdaqintc-itanium-chip","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/23\/oracle-said-it-will-cease-all-efforts-to-develop-technology-around-intels-nasdaqintc-itanium-chip\/","title":{"rendered":"Oracle Said It Will Cease All Efforts To Develop Technology around Intel&#8217;s (NASDAQ:INTC) Itanium chip"},"content":{"rendered":"<p>Oracle (NASDAQ:ORCL) said that it will cease all efforts to develop  technology around Intel&#8217;s (NASDAQ:INTC) Itanium chip, which reportedly  took Intel and Hewlett-Packard (NYSE:HPQ) by surprise. The company said  its decision on the chip came after multiple conversations with Intel  senior management, which made it clear that their strategic focus is on  their x86 microprocessor and that Itanium was nearing the end of its  life. HP issued a statement saying, &#8220;We are shocked that Oracle would  put enterprises and governments at risk while costing them hundreds of  millions of dollars in lost productivity in a shameless gambit to limit  fair competition.&#8221; Oracle has a potential upside of 14.6% based on a  current price of $31.41 and an average consensus analyst price target of  $36.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oracle (NASDAQ:ORCL) said that it will cease all efforts to develop technology around Intel&#8217;s (NASDAQ:INTC) Itanium chip, which reportedly took Intel and Hewlett-Packard (NYSE:HPQ) by surprise.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20312","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20312"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20312\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}