John Paczkowski

Recent Posts by John Paczkowski

Intel Posts Best Quarter Ever

Intel kicked off the tech earnings season Tuesday with a record quarter–the company’s best ever.

Posting second-quarter financials after the closing bell, the company reported net income of $2.9 billion on revenue of $10.8 billion, up $3.3 billion and $2.7 billion, respectively, year-over-year. Earnings per share were 51 cents. That’s quite a change from the seven-cents-a-share loss Intel (INTC) reported in the second quarter of 2009, when its results were undermined by a nasty $1.4 billion fine from the European Commission. It’s also significantly better than the 43 cents a share analysts had been expecting, according to Thomson Reuters.

In a statement, CEO Paul Otellini said that strong demand in the enterprise space drove Intel to “the best quarter in the company’s 42-year history.”

“The PC and server segments are healthy and the demand for leading-edge technology will continue to increase for the foreseeable future,” he added

For the third quarter, Intel says it expects revenue of $11.2 billion to $12 billion, surpassing analysts’ forecasts of $10.92 billion in sales for the period. An enthusiastic outlook and one that suggests the tech rebound will continue in the second half of this year.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik