US chipmaker Intel has reported a better-than-expected net profit of $1bn (£610m) for April to June, excluding a massive European Commission fine.
Including the fine, levied for anti-competitive practices in May, the company made a loss of $398m.
Revenue for the three months stood at $8bn, a 15% fall compared with $9.4bn for the same period last year.
Earlier on Tuesday, banking giant Goldman Sachs also reported strong second-quarter results.
Positive outlook
“Intel’s second quarter results reflect improving conditions in the PC market segment, with our strongest first to second quarter growth since 1988 and a clear expectation for a seasonally stronger second half,” said Intel boss Paul Otellini.
Analysts were also upbeat about the second quarter results.
Ashok Kumar at Collins Stewart described the numbers as “extremely strong given the economic backdrop”, while Doug Freedman at Broadpoint Amtech said more good news was to come.
“Intel has a much stronger seasonal second half. So the fact that the second quarter is better than the first quarter clearly puts the worst behind Intel,” he said.
Earlier on Tuesday, computer giant Dell said demand from businesses remained “very weak”, but that the PC market may have reached its low point.
Intel was fined just over 1bn euros by the European Commission for anti-competitive practices.
The Commission found that between 2002 and 2007, it had paid manufacturers and a retailer to favour its chips over those of Advanced Micro Devices (AMD).
Intel said it would appeal against the verdict. –BBC News
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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