Intel Revenue Hits Record

[HardOCP News]

The Associated Press is reporting that Intel’s first quarter profits matched Wall Street expectations and the company’s sales hit a record $9.67 billion. Although Wall Street expectations were somewhat subdued, Intel’s stock jumped almost seven percent on the news in after hours trading.

Intel Corp.'s first-quarter profit matched Wall Street's subdued expectations, a sign the company's core microprocessor business remained healthy amid fears of a broader slowdown in technology spending. The stock jumped about 7 percent in after-hours trading Tuesday after the technology bellwether forecast higher profit margins in the second quarter and signaled that it is thriving while its smaller rival, Advanced Micro Devices Inc., continues to stumble.

 

[Outamyhead]

Hardly a surprise with AMD dropping the ball so much this year and failing to bring out anything mind blowing (read sig before labeling me as an Intel fanboy).

 

[Serpico]

THANK GOD!!!

I'm not looking for any significant turnaround in the stock market or economy for a while but I'll take any good news at this point.