Intel 1Q Profit Nearly Quadruples; Shares Rise After Hours

http://finance.yahoo.com/news/Intel-1Q-profit-nearly-apf-1653503996.html?x=0&sec=topStories&pos=main&asset=&ccode= ^

[Orange1998]

SAN FRANCISCO (AP) -- Intel Corp. said Tuesday its net income in the first quarter nearly quadrupled over last year and reflected an overall bump in spending on technology by companies. The results sent Intel shares higher.

Among other things, Intel got a lift from sales of new chips for computer servers -- the kind of purchase that many companies delayed in the recession. And Intel's chief financial officer, Stacy Smith, said in an interview that demand for processors for higher-end laptops was stronger than expected as corporations upgraded their workers' computers.

[Orange1998]

http://futures.tradingcharts.com/charts/USM.GIF

Notice the dollar chart in year 2000 and the Nasdaq at the time was 4696. The dollar was almost twice as valuable. Hummmm.

[1rudeboy]

Intel 1Q Profit Nearly Quadruples

We'll see about that.
--Barack

[Orange1998]

lol

[Mase]

Now is [still] not the time for profits.

--Barack

[jwalsh07]

"Intel now predicts a gross profit margin of 62 percent to 66 percent of revenue in 2010, up from its previous guidance of 58 percent to 64 percent of revenue."

Prime target for Pbamunism takeover. They can not allow such high gross profit margins. It is racist.

[pallis]

All the new government employees need computers.

[TexasFreeper2009]

lol

I am still down like 40% of so from an Intel purchase I made like a decade ago.