20 Apr '11, 12am

Record revenue for Intel, shares soar

Record revenue for Intel, shares soar

NEW YORK: US computer chip giant Intel blew past the expectations of Wall Street analysts on Tuesday and dismissed gloomy forecasts for personal computer sales. Intel said its net profit revenue rose 29 percent in the first quarter over a year ago to $3.2 billion while revenue soared 25 percent to $12.8 billion. Earnings per share of 59 cents were well above the 46 cents expected by analysts. "The first-quarter revenue was an all-time record for Intel fuelled by double digit annual revenue growth in every major product segment and across all geographies," Intel president and chief executive Paul Otellini said. "These outstanding results, combined with our guidance for the second quarter, position us to achieve greater than 20 percent annual revenue growth," Otellini said in a statement. Intel forecast revenue of between $12.3 billion and $13.3 billion in the current quarte...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

@AsiaTodayNews Techs and materials lead Asia shares higher: SINGAPORE (Reuters) - Asian stock... - #Singapore #News

@AsiaTodayNews Techs and materials lead Asia sh...

sg.news.yahoo.com 20 Apr '11, 1am

SINGAPORE (Reuters) - Asian stocks rose on Wednesday as strong results from chip maker Intel Corp prompted a rally in tech...

Singapore shares end 1.29% higher

channelnewsasia.com 20 Apr '11, 10am

SINGAPORE - Singapore shares ended 1.29% higher on Wednesday, after a robust earnings-driven session on Wall Street. The b...

New Zealand's Telecom hit with record fine

New Zealand's Telecom hit with record fine

channelnewsasia.com 19 Apr '11, 2am

WELLINGTON: New Zealand's Telecom Corp. was ordered to pay a record NZ$12 million ($9.5 million) fine on Tuesday after a c...

Google revenue rises but profit misses forecast...

todayonline.com 18 Apr '11, 7am

SAN FRANCISCO - With Mr Larry Page, Google's co-founder and its new chief executive, now at the helm, the search advertisi...

S'pore shares end 0.28% lower

channelnewsasia.com 18 Apr '11, 11am

SINGAPORE : Shares in Singapore on Monday ended weaker in thin trading ahead of announcements of corporate earnings in the...