Intel optimistic despite drop
Coming off a weak first quarter and slack demand for PCs, Intel found a silver lining Tuesday: There's so much room for improvement.
Intel reported $12.6 billion in first quarter revenue, an 2.5 percent decline compared with last year. It forecast a steeper slide for the current quarter. Profits fell even faster: 40 cents a share, down from 53 cents in the same quarter a year ago. yet the world's largest chipmaker held firm to it's forecast of modest growth for the full year, implying a robust end of 2013. Intel said it's tablet sales are doubling every quarter and with it's factories running below capacity there's plenty of opportunity to take up any new demand for it's products. "The combination of an improving macroeconomic environment and new products coming in the market over the course of the year.. increase our confidence in being able to achieve financial growth in the second half of 2013."
Chief financial Officer Stacy Smith told analysts during a conference call Tuesday. Intel's stock climbed 54 cents Tuesday, closing at $21.92 before the company reported financial results. In the past year, shares have trades from $19.23 to $29.27. Outgoing Chief Executive Paul Otellini let Smith lead the first-quarter analysis Tuesday. exactly one month ahead of Otellini retirement data. Intel has been searching for his successor since he surprised the company's board on November 14th with plans to leave. Now Otellini said, Intel has chips suited for range of uses from server farms to smartphone. "Never in the history of our company." he said, " has our ability to participate across the spectrum of computing been greater."
Coming off a weak first quarter and slack demand for PCs, Intel found a silver lining Tuesday: There's so much room for improvement.
Intel reported $12.6 billion in first quarter revenue, an 2.5 percent decline compared with last year. It forecast a steeper slide for the current quarter. Profits fell even faster: 40 cents a share, down from 53 cents in the same quarter a year ago. yet the world's largest chipmaker held firm to it's forecast of modest growth for the full year, implying a robust end of 2013. Intel said it's tablet sales are doubling every quarter and with it's factories running below capacity there's plenty of opportunity to take up any new demand for it's products. "The combination of an improving macroeconomic environment and new products coming in the market over the course of the year.. increase our confidence in being able to achieve financial growth in the second half of 2013."
Chief financial Officer Stacy Smith told analysts during a conference call Tuesday. Intel's stock climbed 54 cents Tuesday, closing at $21.92 before the company reported financial results. In the past year, shares have trades from $19.23 to $29.27. Outgoing Chief Executive Paul Otellini let Smith lead the first-quarter analysis Tuesday. exactly one month ahead of Otellini retirement data. Intel has been searching for his successor since he surprised the company's board on November 14th with plans to leave. Now Otellini said, Intel has chips suited for range of uses from server farms to smartphone. "Never in the history of our company." he said, " has our ability to participate across the spectrum of computing been greater."
April 17th 2013
Google and Europeans reach an agreement Google has for the first time agreed to legally binding changes to it's search results following an antitrust investigation by European regulators into whether it abuses it's dominance of online searches. After a two-year inquiry, the European Commission has accepted Google's proposed settlement, according to two people who spoke anonymously because the proposal is not yet public. Google will not have to change the algorithm that produces it's search results, the people said. Under the proposal, Google agrees to clearly label search results from it's own properties, like Google Plus Local or Google News, and in some cases to show links from rival search engines. Feb 12th 2013
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feb 18th 2013
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