Intel’s Third-Quarter Sales Are Up

The New York Times (Oct 18 2011) Cloud Computing

1. Intel’s message to Wall Street on Tuesday: What slump? Intel’s third-quarter earnings swept past Wall’s Street’s forecast, and its sales hit a new high once again as semiconductor shipments to China and other emerging markets helped offset weakness in United States sales. “Enterprise PC demand remains strong, and consumer demand in emerging markets continues to be strong,” Paul S. Otellini, Intel’s chief executive, said in a conference call with analysts. “The global PC landscape is changing.” Mr. Otellini said China and Brazil were now two out of the three biggest computer markets today. The third, the United States, remained steady for chips going into products destined for offices and data centers as American corporations continued to update their systems. Mr. Otellini said notebook computer demand was strong, but the overall consumer PC market in United States continued to be weak. (Read Full Article)

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