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Wednesday, 14 July 2010 09:23

Intel posts record earnings

Written by


A quarter to remember
Intel has reported the best quarter in its history, exceeding even the most optimistic forecasts.

Gross margins jumped to 67 percent and revenue topped $10.7 billion in the second quarter. The company reported profits of 2.89 billion, or 51 cents per share. Basically Intel managed to outperform all forecasts by a significant margin.

Of course, the good news did not go unnoticed by Wall Street and shares jumped 8 percent in after-hours trading. In fact, the entire tech sector was up on the news, including rivals AMD and Nvidia, which jumped 5.5 percent and 3.5 percent respectively.

Intel is projecting further increases in gross margin figures and revenues towards the end of the year.

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Comments  

 
+6 #1 F:Nenad 2010-07-14 11:46
i would like if my salary went up when my competition succeeds in something
 
 
+1 #2 blandead 2010-07-14 16:12
I bet it will be down a few days later knowing the stock market, especially in the long run when AMD slowly takes back more market share
 
 
0 #3 Fud_u 2010-07-15 02:21
Quoting blandead:
I bet it will be down a few days later knowing the stock market, especially in the long run when AMD slowly takes back more market share


At times like these, it's hard for AMD to gain in the CPU department. Most new laptop/netbook these day run Intel CPU. "Slowly" could eventually happen but Intel got all base covered. "Slowly" could be even slower.
 

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