Items tagged with Chipzilla
It's been obvious for weeks that Intel's earnings call this afternoon wasn't going to have much good news in it. With total PC shipments falling 13% quarter-on-quarter -- the worst decline in nearly 20 years -- there was no way Intel would escape being hit by that drop. Today, Santa Clara reported that its Q1 profits fell 25%, to $2B, down from $2.7B in the first quarter of 2012. Gross margins took a hammering, as well, falling to 56.2% from 64% in Q1 2012. Despite these problems, Otellini was upbeat. "“Amidst market softness, Intel performed well in the first quarter and I’m excited about what lies ahead for the company,” said Paul Otellini, Intel president and CEO. “We...
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