INTEL CORP unveiled two new mobile Pentium processors with MMX
technology, a 266-megahertz processor and a 166-megahertz
processor. In a statement, Intel, the world's largest maker of
microprocessors for personal computers, said the 266-MHz version
is the highest performing Intel mobile processor available today,
while the 166-MHz version is the lowest power consuming Intel
Pentium microprocessor introduced to date. (Reuters 07:20 PM ET
01/12/98)
* The Federal Trade Commission said it would continue to
investigate INTEL CORP's $420 million acquisition of CHIPS AND
TECHNOLOGIES INC, a leading maker of graphics chips for laptop
computers. But facing Intel's announced closing date of the
merger, the agency said it would not seek a preliminary injunction
to halt the transaction. Instead, the investigation will become
part of the agency's ongoing, broad review of Intel's business
practices. The FTC reviewed the transaction for more than six
months but did not turn up sufficient evidence to convince a court
that the deal would hamper competition, sources familiar with the
investigation said. (Reuters 10:07 AM ET 01/13/98) For the full
text story, see
infobeat.com
* After market close, INTEL CORP reported 4Q EPS of $0.98 vs $1.06
fully diluted in the prior year period, on revenues of $6.5 bln vs
$6.4 bln. Analysts' mean estimates were $0.90, according to First
Call. FY EPS were $3.87 vs $2.90 fully diluted in the prior year.
(Reuters 04:27 PM ET 01/13/98) For the full text story, see
infobeat.com |
