Intel posts record quarter, revenue up 34%

By Matthew
Jul 13, 2010
  1. Intel announced its second-quarter earnings today, with sales and profits amounting to "the best quarter in the company's 42-year history," according to CEO Paul Otellini. Chipzilla squashed analysts' expectations, posting net income of $2.9 billion on revenue of $10.8 billion – a substantial increase from the same quarter in 2009, when the company recorded a loss of $398 million and revenue was 34% lower. Those results were deeply affected by a $1.45 billion fine courtesy of the EU.

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  2. captaincranky

    captaincranky TechSpot Addict Posts: 11,455   +1,758

    Apparently the EU wants to post the same profit margin as Intel, but without the associated R & D costs. "We can't turn a decent profit on parking tickets, so we'll just take Intel's"!

    I wonder how much of that 1.5 billion the actual "injured parties" were reimbursed. :rolleyes:
  3. dividebyzero

    dividebyzero trainee n00b Posts: 4,891   +1,258

    Spreading the wealth, captain!
    Next up...the FTC...time to change the slogan from "Intel inside" to "Money inside"

    Intel lawyer >>>>Croesus
  4. captaincranky

    captaincranky TechSpot Addict Posts: 11,455   +1,758

    Yeah right, robbing the rich to give to the corrupt isn't exactly in the true spirit of Robin Hood, now is it....?
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