Intel earnings surpass expectations of analysts
Article Abstract:
Intel earned a net income of $1.04 billion in 2nd qtr 1996, and the strong results, which are well above analysts' forecasts, are likely to be taken by the marketplace as a sign that the semiconductor market is improving. The 1996 net income topped the $879 million earned in 2nd qtr 1995. Revenues for 2nd qtr 1996 rose to $4.62 billion, 19% higher than the $3.89 billion earned in the year-prior quarter. Sales actually fell for the quarter, with Intel seeing its first sequential quarterly decline since 1991, as revenue dropped below the $4.64 billion earned in 1st qtr 1995. Intel's results come in large part from good gross margin profits, which increased from 48% in 1st qtr 1996, to 53% in 2nd qtr 1996. The company also cut back its motherboard production. Intel officials warned that revenues for 3rd qtr 1996 are likely to remain level and that the gross margin will fall to about 50%. Intel's stock rose $2 per share to $72 in after-hours trading on the strength of the report.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Intel plans video-phone technology for the home computer
Article Abstract:
Intel announces a technology that will allow for the transmission of video-phone calls across standard analog telephone lines, an innovation that is expected to be incorporated into most new computer designs by 1997. The technology leverages the enhanced performance capabilities of Intel's newest Pentium processors, requiring at least a 133MHz model as well as a specially-designed 28.8 Kbps modem for operation. Audio and video data are are able to be simultaneously transmitted over the same telephone line because of enhancements to data-compression software. Video quality is a relatively poor 4-to-12 frames per second, but the technology is expected to allow for the exchange of snapshots and other digital images. Compaq has announced support for the technology and plans to implement it throughout its complete line of computers.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Digital hints at antitrust suit against Intel
Article Abstract:
DEC's VP, Thomas C. Siekman, hinted the company may file an antitrust lawsuit against Intel as part of its ongoing battle against the company. Such a lawsuit would cause the dispute between DEC and Intel to quickly gain momentum. Intel dominates the silicon chip market and DEC is attempting to interest the Justice Dept's antitrust department in their lawsuit. An Intel spokesperson claims the company is not going to stop selling DEC chips, however they may make DEC purchase the chips through a distributor, rather than directly from the company. The companies disagree over how long Intel is committed to selling chips to DEC. DEC says their agreement is through 1999 and Intel claims it is only through Sep of 1997.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Oracle earnings beat analysts' forecasts. Sales for large-computer software surge. Adobe Systems has egg on its face over acquisition; woes at Frame Technology help depress publishing-software firm's stock
- Abstracts: Motorola's profit exceeds expectations despite a 15% decline in first quarter
- Abstracts: An analysis of the profiles and motivations of habitual commodity speculations. Import and hedging uncertainty in international trade
- Abstracts: Hewlett net trails analysts' expectations; shares at $105.25, ending down $8.50. Sun earnings rise 3.5%; revenue trails forecasts
- Abstracts: FCC likely to offer four options to fix troubled wireless auction. QuestCom unit defaults on payment for winning FCC wireless auction bid