1. Intel’s Results Rocked, But It Can’t Count On the Old Guard

    GigaOM (Jan 14 2010)

    1. Intel’s Results Rocked, But It Can’t Count On the Old Guard The tech earnings season kicked off with a bang this afternoon, as Intel reported much higher-than-expected fourth-quarter profits of $2.3 billion vs. just $234 million for the comparable period the year before, and revenue of $10.6 billion, up 29 percent. ”Our ability to weather this business cycle demonstrates that microprocessors are indispensable in our modern world,” said President and CEO Paul Otellini. Still, for the decade ahead, Intel can’t count on high PC market growth and other familiar benefactors. Among notable results for the company’s various divisions, Data Center Group revenue was up 21 percent year-over-year (there have been predictions that better times lie ahead for companies selling high-margin servers and producing chips for them), and average selling price for chips came in higher as well (so the company is selling more than just low-priced Atom chips). (Read Full Article)

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