Intel Reinvesting Free Cash Flow in Higher Growth Opportunities

"Yet even by 2020, Intel could generate $14 billion in yearly free cash, versus just $3 billion for Nvidia, judging by consensus estimates. That’s after research-and-development spending, which for Intel will top $10 billion this year, versus about $2 billion for Nvidia.

 Much of that cash comes from Intel’s mature PC business, and gets redeployed into higher-growth ventures like Mobileye; deep learning start-up Nervana, bought last year; Movidius, a maker of vision chips for drones, also acquired last year; and Altera, purchased two years ago, whose field programmable gate arrays, or FPGAs, can be used alongside Intel’s central processing units to speed up servers."

Barron's: Intel Finds New Growth in Artificial Intelligence

Company overview

Investor relations

Form 10-K Risk Factors

Changes in product demand can adversely affect our financial results.

• Demand for our products is variable and hard to predict.
• We face significant competition.
• Changes in the mix of products sold may harm our financial results

We operate globally and are subject to significant risks in many jurisdictions.

• Global or regional conditions may harm our financial results.
• We may be affected by fluctuations in currency exchange rates.
• Catastrophic events or geopolitical conditions could have a material adverse effect on our operations and financial results

We are vulnerable to product and manufacturing-related risks.

• Due to the variability in demand for our products and the complexity of our manufacturing operations, we may be unable to timely respond to fluctuations in demand.
•  We are subject to risks associated with the development and implementation of new manufacturing process technology
• We face supply chain risks
• We are subject to the risks of product defects, errata or other product issues.
• We are subject to risks associated with environmental laws and regulations.

We are subject to IP risks and risks associated with litigation and regulatory proceedings.

• We may be unable to enforce or protect our IP rights.
• Our licenses with other companies and participation in industry initiatives may allow competitors to use our patent rights.
• Third parties may assert claims based on IP rights against us or our products, which could harm our business.
• We rely on access to third-party IP, which may not be available to us on commercially reasonable terms or at all
• We are subject to the risks associated with litigation and regulatory proceedings.

We must attract, retain, and motivate key employees.

We are subject to cybersecurity and privacy risks.

• Third parties attempt to gain unauthorized access to our network, products, services, and infrastructure.
• We may be subject to theft, loss, or misuse of personal data about our employees, customers, or other third parties, which could increase our expenses, damage our reputation, or result in legal or regulatory proceedings.

We are subject to risks associated with transactions.

• We invest in companies for strategic reasons and may not realize a return on our investments
• Our acquisitions, divestitures, and other transactions could fail to achieve strategic objectives, disrupt our ongoing business, and harm our results of operations.

We are subject to sales-related risks.

• We face risks related to sales through distributors and other third parties.
• We face risks related to business transactions with U.S. government entities.

Our results of operations could vary as a result of the methods, estimates, and judgments that we use in applying accounting policies.

Changes in our effective tax rate may reduce our net income.

We may have fluctuations in the amount and frequency of our stock repurchases.

Workforce restructuring actions may be disruptive to our operations and adversely affect our financial results.

There are inherent limitations on the effectiveness of our controls.

No changes between 2015 and 2016

The Case Against GE - JP Morgan Analyst

"What I believe, whereas Mitsubishi Heavy Industries may come in with a gas turbine that’s a little more efficient than GE’s gas turbine and priced competitively, GE will come to the customer and say, “Hey, we will finance this for you at a very competitive rate, and make an investment in the power plant if you want us to, and throw in all this content.” And they do that at an all-in price that doesn’t necessarily position GE to withstand some of the risk that project may face over the next 18 to 24 months. Ultimately, where that will manifest itself, 18 or 24 months down the road, GE will book this charge that says, “Hey, we underestimated how much this would cost us.” But ultimately, they’ve already got the turbine in place. They’ve already got the market share. And that’s kind of the most important thing to them. That’s a big reason their cash flow has been so weak relative to their earnings."

Barron's: JPMorgan Analyst: The Case Against GE

Gabelli & Co Discuss Nordson

About Nordson

Investor relations

Form 10-K Risk Factors

Changes in United States or international economic conditions could adversely affect the profitability of any of our operations.

Significant movements in foreign currency exchange rates or change in monetary policy may harm our financial results. New risk 2015 annual report

If we fail to develop new products, or our customers do not accept the new products we develop, our revenue and profitability could be adversely impacted.

Our growth strategy includes acquisitions, and we may not be able to execute on our acquisition strategy or integrate acquisitions successfully.

Increased IT security threats and more sophisticated and targeted computer crime could pose a risk to our systems, networks, products, solutions and services.

If our intellectual property protection is inadequate, others may be able to use our technologies and tradenames and thereby reduce our ability to compete, which could have a material adverse effect on us, our financial condition and results of operations.

Our products could infringe on the intellectual property of others, which may cause us to engage in costly litigation and, if we are not successful, could cause us to pay substantial damages and prohibit us from selling our products.

Any impairment in the value of our intangible assets, including goodwill, would negatively affect our operating results and total capitalization.

We may be exposed to liabilities under the Foreign Corrupt Practices Act (FCPA), which could have a material adverse effect on our business.

Inability to access capital could impede growth or the repayment or refinancing of existing indebtedness.

Changes in interest rates could adversely affect us. 64% of debt floating rate.

Failure to retain our existing senior management team or the inability to attract and retain qualified personnel could hurt our business and inhibit our ability to operate and grow successfully.

The level of returns on pension plan assets and changes in the actuarial assumptions used could adversely affect us.

Regulations related to conflict-free minerals may result in additional expenses that could affect our financial condition and business operations.

Political conditions in foreign countries in which we operate could adversely affect us.

Our business and operating results may be adversely affected by natural disasters or other catastrophic events beyond our control.

The insurance that we maintain may not fully cover all potential exposures.

Liberty Media's John Malone Discusses Media and Cable Industry

CNBC’s November 2017 Interview with John Malone

Watch CNBC's full interview with Liberty Media's John Malone from CNBC.