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Actionable news in INTC: Intel Corporation,

Tech Today: Intel Rising, Amazon Falls, Defending Western, Lam, Mulesoft

Here are some things going on today in your world of tech:

Shares of Intel (INTC) are up 41 cents, or 1%, at $35.38, after the company yesterday afternoon reported Q2 results that topped analysts' expectations, and raised its year outlook, and despite the help from PCs in the quarter, bulls are pleased to declare Intel is “no longer a PC company."

Intel’s report has failed to bolster the market, with indices broadly lower.

Shares of Amazon (AMZN) are down $34.82, over 3%, at $1,011.18, continuing last night’s decline, after the company beat Q2 expectations, but missed by a wide margin with its earnings, and also forecasting operating profit below consensus this quarter. Most bulls on the stock are inclined to shrug and accept it when reviewing the rising spend.

Some of last night’s reports need more defending.

Shares of hard disk drive maker Western Digital (WDC) are down $7.20, or 7%, at $84.70, after the company yesterday afternoon beat with its own pre-announcement weeks earlier with its fiscal Q4 results, but disappointed with an outlook for revenue this quarter slightly below...


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