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Intel (NASDAQ: INTC) had Q2 revenues of $8 billion, up 12% from Q1 and beating analyst expectations of $7.23 billion soundly. This was the best quarter-over-quarter growth rate for the world's largest chip manufacturer in more than 20 years -- and a good sign for the technology sector as a whole.

The company's profit of 18 cents a share was more than double the consensus of 8 cents, and the good news sent Intel's stock up 7% in after-hours trading.

This report didn't include a $1.45 billion fine that the European Commission imposed on the company back in May. This would have pushed Intel to a loss of $398 million (7 cents a share). But Intel is appealing the decision, which involved accusations of an abuse of market position. The company puts chips into 80% of computers.

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Intel has strong Q2, revenues up 12% originally appeared on BloggingStocks on Wed, 15 Jul 2009 08:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>chip makercmgifeaturedintcintelintel atomIntelAtommicrochipmicrochipsmicroprocessormicroprocessorsWed, 15 Jul 2009 08:00:00 EST<![CDATA[Intel sees unsold inventory piling up fast]]>http://www.bloggingstocks.com/2009/01/22/intel-sees-unsold-inventory-piling-up-fast/http://www.bloggingstocks.com/2009/01/22/intel-sees-unsold-inventory-piling-up-fast/http://www.bloggingstocks.com/2009/01/22/intel-sees-unsold-inventory-piling-up-fast/#commentsFiled under: ,

Not only is Microsoft Corp. (NASDAQ: MSFT) feeling the hurt of the slumping PC industry, the leading chipmaker is also weathering the effect. In fact, Intel Corp.'s (NASDAQ: INTC) chip inventory has become so high that it may have to build new factories out of that silicon instead of selling those chips to, well, anyone.

Businesses have cut back spending on new gear that includes Intel processors, and consumers have flocked to bargain-priced netbook PCs since late 2008. Although Intel chips power almost all of those new machines, the Atom processor inside almost every one of them is not really a high-margin product. Nor can those sales make up for the overall downward sales trend in desktop and laptop PCs, and corporate servers.

What is a chipmaker to do? It's sort of like the inventory glut the automotive industry is facing. Large global manufacturing outfits can't just stop manufacturing nearly as fast as consumer tastes and sales dictate. So, when the economy tanks and credit lines become tight, the consumer and business money spigot can turn off almost overnight.

Those factories can't, though. Intel's sale of a lower-priced, non-advanced chip for these $350 netbook PCs won't be able to help it sell all those other higher-margin and unwanted chips. At some point, fire sales of chips will occur, and then we'll really see laptop PC prices and small servers much cheaper than they are now. Will anyone buy them then? Who knows.

Intel sees unsold inventory piling up fast originally appeared on BloggingStocks on Thu, 22 Jan 2009 14:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>INTCIntel atomIntel Corp.Intel netbookIntelAtomIntelCorp.IntelNetbookinthenewslaptopsThu, 22 Jan 2009 14:30:00 EST