A fanatic is one who can't change his mind and won't change the subject - Winston Churchill
|
|
|
Intel posts 21 per cent increase in fourth quarter revenues
CHIPMAKER Intel has posted bumper financials, taking in $13.9bn in the fourth quarter.
Intel is one of the few semiconductor firms that seemingly managed to ride out a tough 2011, with the firm posting a 21 per cent increase in fourth quarter 2011 revenues to $13.9bn. Profit increased by a more sedate six per cent to $3.4bn, however the firm will please its investors by posting a 14 per cent increase in earnings per share to 64 cents.
Intel's 2011 wasn't just a one quarter wonder, with the company seeing a 24 per cent increase in full year revenue over 2010 to $54.2bn and a 19 per cent increase in profit to $13.7bn.
Not surprisingly Paul Otellini, Intel's president and CEO was bullish saying, "With outstanding execution the company performed superbly, growing revenue by more than $10 billion and eclipsing all annual revenue and earnings records. With a tremendous product and technology pipeline for 2012, we're excited about the global growth opportunities presented by Ultrabook systems, the data center, security and the introduction of Intel-powered smartphones and tablets."
While Intel's 2011 financials might be rosy, it could have been even better if it had not faced the embarrassing recall of its Cougar Point chipsets, which cost the firm $700m. Intel showed off its Medfield Atom chip at CES and the firm will need to announce big name customers for that in 2012 if it wants to enjoy 2013.
Intel expects first quarter 2012 revenue to be somewhere around $12.8bn. That forecast is $100m down from the same period last year, but given how other semiconductor firms have painted a picture of doom and gloom, perhaps Intel will be happy with simply reliving 2011. µ
Tags: Intel
Share this:
Share
Yeah, it's a bad thing Intel is doing, making computing cheaper AND better for the masses. That's so terrible!
Cougar point was handled exceptionally well by Intel and made it a non-event for Intel and its customers. Sadly it still haunts the editors at The Inquirer.
Good Job Intel, Keep it up!!
Intel is making extremely positive strides to deliver better computing to the world and people still can't get over their jealosy of this positive example of success. Apparently these naysayers prfer AMD with their copy-cat designs of Intel. Example, Intel comes out with Thunderbolt and then AMD comes out with Lightnening Bolt? Get real.
Also Intel was 2 years ahead of Apple with a thin and light notebook. Remember the Razor and also the CULV notebooks? Then Intel worked with Apple 2 years later to make the MacBook Air. Now Intel created an Ultrabook standard and people are jumping on Intel saying they copied Apple? People need to open their eyes to history.
Intel has been convicted on three continents for massive violation of anti-trust laws. That speaks volumes about their ideology.
@Todd You must not be paying attention to what is important. Intel has never admitted to doing anything wrong, but in the case of the AMD antitrust lawsuit, promised to stop doing what they weren't doing immediately. Because if they continued to do what they weren't doing, they might be considered bad. Thankfully those running iNTEL know better, and will definitely stop doing what they weren't doing to prevent harm to competition.
...that Otellini and friends are not held accountable for their chronic crimes against consumers and competitors.
http://www.theinquirer.net/inquirer/news/2120866/intel-antitrust-claims-dismissed