Day Trader's Alert: INTC, IFLG, SPWRA

Chip giant Intel Corp. (NASDAQ: INTC) said Friday that it now expects third-quarter revenue to be below its prior outlook, citing weaker than expected demand for consumer PCs in mature markets. The company now expects third-quarter revenue to be $11.0 billion, plus or minus $200 million, compared to the previous expectation of between $11.2 billion and $12.0 billion. Analysts currently expect the company to report revenues of $11.52 billion for the third-quarter. The company's expectation for third-quarter gross margin is now 66%, plus or minus a point, lower than the previous expectation of 67%, plus or minus a couple of points. The impact of lower volume is being partially offset by slightly higher average selling prices stemming from solid enterprise demand. Shares of Intel soared as much as 1% in pre-market trading.

After Thursday's closing bell, InfoLogix, Inc. (NASDAQ: IFLG) announced its strategic plans for the second half of 2010. David T. Gulian, president and chief executive officer of InfoLogix, said, "We are taking definitive actions with the goal of transitioning InfoLogix to a full solutions provider, and our higher margin consulting and professional services, such as those for Electronic Medical Records implementations, SAP(R) Supply Chain Execution implementations, and mobilization services are now at their greatest proportion of our revenue mix in company history. As a result of this change in revenue mix of our products and services, as well as our ongoing cost cutting measures, we were able to achieve modest positive adjusted EBITDA for the quarterly period ended June 30, 2010. We define adjusted EBITDA as net earnings before net interest income (expense), income taxes, depreciation, amortization and non-cash expenditures for stock-based compensation." Shares of InfoLogix rallied more than 2% in pre-market trading.

We are continuing to work towards a stable financial foundation in other ways as well," said Mr. Gulian. "For instance, as disclosed in our recent Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2010, during the second quarter we sold one of our nineteen patents, and realized a gain of $1.9 million on the sale. With the sale of the patent, we reached positive net income during the quarter. Additionally, our senior lender, Hercules Technology Growth Capital, Inc.  recently converted $5 million of aggregate principal amount of our debt into shares of our common stock. The debt conversion will reduce our interest expense and is expected to help us improve our liquidity position."

SunPower (NASDAQ: SPWRA) surged more than 7% on Friday after Raymond James upgraded the stock from Market Perform to Outperform.

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