Intel Just Blew The Doors Off

The Business Insider ^ | 1-14-2010 | Joe Weisenthal

[blam]

Intel Just Blew The Doors Off

Joe Weisenthal
Jan. 14, 2010, 4:19 PM

Chipmaker Intel (INTC) just delivered a huge positive surprise on earnings ($.40 vs. expected $.30) and a killer top line ($10.6 billion vs $10.2 billion).

The stock is soaring after hours.

Guidance is looking strong as well.

Its Q1 guidance of $9.7 billion blows past consensus of $9.3 billion.

Giddy up!

[blam]

In my career as a chip-maker, it was always said and always true that chip-making was the first to be 'hit' in an economic down turn and the first to recover.

This is good news if it can be sustained.

I'm doubtful that we're headed for a recovery but this news is hard to argue with.

[spyone]

http://market-ticker.denninger.net/archives/1859-Intel-Nice-Performance,-But.....html

[budwiesest]

I thought chips were smaller than that.

[2ndDivisionVet]

Let me guess: Mr. Obama just bought a million laptops for the “Civilian National Security Force”, SEIU, ACORN, AmeriCorps and welfare moms...

[The Cajun]

This is good news if it can be sustained.

All we have to do is give the big toilet that is Washington D.C. a good plunging and then a mighty flush ;^)

[blam]

"I thought chips were smaller than that."

The guy is holding a wafer which contains thousands of chips. When I started making chips, the wafers were about the size of a quarter.

[TruthConquers]

I believe that the disk he is holding is later cut up into numerous chips. How many I don’t know, but a bunch.

[VeniVidiVici]

Geeks buying new chips or companies upgrading servers?

[DannyTN]

"I thought chips were smaller than that."

Looks to me like they invented the portable hole. They could make a fortune with that.

[ATOMIC_PUNK]

This just in

“EVIL chipmaker see’s Profits” Obama see’s late night Snack

[SmokingJoe]

Quite a bit of Intel's blow out quarter is because of the big increase in new PC sales brought on by Windows 7. Microsoft is going to blow the doors off the hinges when they declare their results on January 28, because they not only made money from new Windows PC purchases, they also made a lot of money from the record numbers of Windows 7 upgrade sales to existing PC users.

[stinkerpot65]

Obama’s re-education camps will require extensive data processing services.

[blam]

Intel Earnings Up 875%, Continuing Major Momentum

by: The Good News Economist
January 15, 2010

Intel (INTC) posted a fourth-quarter net income of $2.3 billion, up 875% over its report last year at this time. Record revenues came in at $10.6 billion, up 28% year over year.
Further the company yet again boosted its revenue guidance saying it expects first quarter revenue of $9.30 billion to $10.10 billion. The consensus estimate had been for revenue of $9.26 billion for the quarter ending March 31, 2010.

The impressive swing in net income was about 10 times greater than the $234 million (4 cents per share) that the firm reported last year on January 15.

We've continued to watch in amazement as Intel seemed completely unfazed by the economic downturn of 2008 and 2009:

[snip]