Intel growth not up to expectations
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Santa Clara - Semiconductor giant Intel on Tuesday said its third-quarter profit jumped 15 percent from a year ago to $1.9 billion (R12.
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The Intel chip, once expected to dominate the server market and even creep into PCs, takes yet another knock.
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(InfoWorld) - Citing surprisingly high demand for its processors, Intel on Monday upgraded its third-quarter revenue forecast to a range of $9.4 billion to $9.8 billion from the company's previous estimate of $9 billion to $9.6 billion. Both ranges are far above Intel's results in the third quarter of 2006, when the company collected $8.7 billion in revenue, a 12 percent drop from the same quarter the previous year. Intel's sagging performance in 2006 led to a corporate restructuring plan including thousands of layoffs and the sale of several divisions. The company has posted muchÂ stronger results in 2007, despite a lingeringÂ price war with rival Advanced Micro Devices. In July, Intel beat Wall Street estimates with second-quarter revenue of $8.7 billion, with profit up 44 percent over the same period of last year. Intel's financials forecast upgrade came the same day thatÂ AMD launched its Barcelona quad-core Opteron server chip, which is expected to be a strong competitor to Intel's current server chips. However, Intel said its new forecast is generated by demand throughout its business units, including notebook and desktop chips as well as server processors. "We're seeing strength in revenue across the board," said Intel spokesman Tom Beermann. The company will give more detailed results when it reports its third-quarter earnings on Oct. 16. Also on Monday, Intel trimmed another business division, agreeing to sell certain assets of its modular communications platforms business, which makes telecommunications boards, to RadiSysÂ for $31.75 million. The parts of the division being sold to RadiSys make ATCA computing and packet processing blades, ATCA chassis, AMC modules, and cPCI blades and chassis. The deal with RadiSys did not contribute to Intel's revised revenue forecast today, Beermann said. Intel expects "a significant number" of employees to accept new job offers and move to RadiSys, but has not estimated the number. They will include workers in the engineering, product testing/validation, operations and marketing departments. RadiSys makes ATCA platforms and other products for telecommunication equipment manufacturers. The deal is expected to close in September. Â
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Chip maker Intel (INTC ) caught Wall Street by surprise on Dec. 2 when it significantly raised fourth-quarter revenue estimates. But the news wasn&#39;t all rosy, as Intel failed to raise estimates dramatically for its closely watched gross-margin figure.
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BANGALORE, India - Intel Corp. said Friday (Nov. 19) it is considering additional investments in the tens of millions of dollars to expand its research and development efforts in India.
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Intel Corp. , the largest maker of microchips, on Thursday raised its quarterly revenue target, citing strong worldwide demand for its microprocessors, and its shares jumped nearly 6 percent in after-hours trading.
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Computer-chip maker Intel Corp. said yesterday that earnings for its third quarter were $1.9 billion -- up 15 percent from the same quarter a year ago -- but the company cautioned that computer
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In our lab tests, Intel's 45nm Penryn CPU didn't blow away the previous generation, but the tech behind it should keep Intel ahead.
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SANTA CLARA, Calif.âDriven by demand for flash-memory chips used in cellphones, Intel Corp.&#39;s third-quarter profits rose as the chip-making giant struggled to overcome lacklustre PC sales, growing inventory, product missteps and stiff competition.
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Win some, lose some AMD lost market share to arch-rival Intel in 2006, but the smaller chip-maker nonetheless managed to make small gains in the desktop and laptop segments, the latest figures from market watcher Mercury Research reveal.â¦
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Intel on Tuesday released third-quarter financial results showing that it continues to struggle to sell a substantial stockpile of computer chips as demand for personal computers remains slow.
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By MATTHEW FORDAHL    SAN JOSE, Calif.  -- In the latest change to its product lineup, Intel Corp...
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Intel Corp. , the largest maker of computer processors, posted a rise in second-quarter earnings on Tuesday, but missed its gross profit margin goal and its shares fell nearly 5 percent.
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SANTA CLARA, Calif., Oct. 12, 2004 - Intel Corporation today announced third-quarter revenue of $8.5 billion, up 5 percent sequentially and up 8 percent year-over-year.
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In recent months, Intel delayed several chips and recalled other, defective ones. It overestimated demand, thereby causing an inventory glut.
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Shares of Intel Corp.  rose about 3 percent on Wednesday after the leading chipmaker reported better-than-expected quarterly results and raised its manufacturing spending plans.
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Intel Corp.'s 65-nanometer process technology will not be very different from its 90-nanometer process technology, which should help make for a smoother transition between the two manufacturing techniques in 2005, according to a briefing from an Intel manufacturing executive last week.