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Intel sees further drop in sales on slow PC market
2013-01-18 09:07:00| Telecompaper Headlines
(Telecompaper) Intel reported fourth-quarter revenues of USD 13.5 billion, down 3 percent from a year earlier and slightly below its guidance of USD 13.6 billion. Its gross margin fell to 58.0 percent from 64.5, and operating profit was down 31 percent year-on-year to USD 3.2 billion. Net profit declined 27 percent to USD 2.5 billion, and EPS was down 25 percent to 48 cents. The company generated USD 6 billion in cash from operations, paid dividends of USD 1.1 billion and used USD 1.0 billion to repurchase 47 million shares of stock. Revenues from the PC division fell 6 percent to USD 8.5 billion, while the data centre division grew by 4 percent to USD 2.8 billion. Revenue from other Intel products was down 7 percent to USD 1.0 billion. Intel CEO Paul Otellini said the market remained challenging. First-quarter revenues are forecast to drop to USD 12.7 billion, with a gross margin of 58 percent. Over the full year 2013, Intel expects a low single-digit increase in revenues and margin around 60 percent.
Best of CES PCs and Tablets: Lenovo Horizon Table PC
2013-01-11 19:18:25| CNET News.com
For suggesting new ways to use a computer, Lenovo's Horizon Table PC tops its class at the show. [Read more]
How to get a new PC without Windows 8
2013-01-11 12:00:00| InfoWorld: Top News
To say that Windows 8 frightens a lot of people is an understatement.
HP tops Lenovo in lackluster PC market
2013-01-11 00:17:53| CNET News.com
HP was the top PC vendor for the fourth quarter of 2012, says IDC, though global PC sales fell by 6.4 percent from the prior year's quarter. [Read more]
Intel CTO: We're watching the rebirth of the PC
2013-01-10 13:46:30| InfoWorld: Top News
Intel Chief Technology Officer Justin Rattner says we're watching the transformation of the PC. Rattner, who is attending the International CES show in Las Vegas, said the traditional PC couldn't survive in the age of the gadget. He said we're in the midst of the rebirth of the PC.
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