Apparently tough economic times are good to Intel. The chip maker has reported their quarterly earnings and they not only met expectations, they set a personal record. Intel had over $11 billion in revenue last quarter. That's the highest the company has ever had, a healthy 18% rise over last year. " "We continue to see healthy worldwide demand for computing products of all types," said Intel CEO Paul Otellini
Intel lowered their expectations last month from $11.2bn to $12bn, to $10.8bn and $11.2bn. So they were pretty much dead on. In the quarter now underway, Intel is expecting to be in the high $11 billion range. It's certainly a good time to be Intel. These high earnings give Intel the leeway to pursue mobile ventures like MeeGo and lower power Atom chips. AMD? Are you still out there?
Comments are closed on this article
Print
