John Paczkowski

Recent Posts by John Paczkowski

Intel Beats Bust? Big Time

intel-sponsors-of-tomorrow-presents-tomorrows-stars-todayWhen Intel last reported earnings, it surpassed Wall Street’s expectations and issued a strong outlook for the rest of 2009. So investors had high hopes for its latest quarterly report. And Intel (INTC) appears to have met them.

Reporting fourth-quarter earnings after market close Thursday, the company posted a profit of $2.3 billion, or 40 cents a share, compared with a profit of $234 million, or four cents a share, for the year-earlier period. Revenue was $10.6 billion, up from $8.2 billion for the same quarter in the year-earlier period.

A strong showing for Intel and one that blows the doors off consensus estimates that called for 30 cents a share in profit on revenue of $10.17 billion. And don’t forget that these results include a European Commission fine of $1.45 billion and a $1.25 billion settlement agreement with AMD (AMD).

“Curb your enthusiasm [for Intel]” Bank of America (BAC) analyst Sumit Dhanda told clients in a research note issued Wednesday that warned of a revenue miss from the chip behemoth. Curb your enthusiasm? Not likely after today’s results.

“Intel’s strong 2009 results reflect our investment in industry-leading manufacturing and product innovation,” Intel CEO Paul Otellini said in an earnings release. “This strategy has enabled us to generate unprecedented operating efficiencies while growing our traditional businesses and creating exciting new market opportunities, even in difficult economic times.”

Taking a wide view, Otellini adds, “Our ability to weather this business cycle demonstrates that microprocessors are indispensable in our modern world. Looking forward, we plan to deliver the benefits of computing to an expanding set of products, markets and customers.”

Looking ahead to the first quarter of 2010, Intel expects revenue of $9.7 billion, plus or minus $400 million. Evidently, the PC market is back.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus