Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (495074)	7/14/2009 2:03:46 PM
From: i-node	Read Replies (1) \| Respond to of 1575466

>> Funny the way it's Obama's fault but was never Bush's fault. How do you resolve that conflict? Uh, how about it happened under Obama, not Bush? That's a start. Or how about, "It was Obama's idea to spend a trillion dollars and he assured us all it would solve the problem, but there is no solution on the horizon"?

To: Road Walker who wrote (495074)	7/14/2009 2:12:03 PM
From: Tenchusatsu	Read Replies (3) \| Respond to of 1575466

RW, I never said the economy wasn't bad, nor did I absolve Bush of any fault. But I don't see much leadership coming from Obama, either. Here's the bottom line. I've always said that stimulus should have a short-term multiplying effect. Otherwise it's pork. Obama didn't pass stimulus, he passed pork. A big gift to his Democrat supporters. When are you going to figure this out? Tenchusatsu

To: Road Walker who wrote (495074)	7/14/2009 6:52:53 PM
From: tejek	Respond to of 1575466

Intel tops estimates despite loss due to E.U. fine SAN FRANCISCO (MarketWatch) -- Intel Corp., the world's largest semiconductor company, reported a second-quarter loss on Tuesday, as profit was offset by a major fine imposed by the European Union. But the Santa Clara, Calif.-based chip giant posted adjusted earnings that exceeded Wall Street projections, and said it expects third quarter revenue to beat estimates as well. The statement was the first formal outlook by Intel in two quarters, and sent its stock up more than 7% in late trading. "While the global economic environment is still recovering, our customers signaled increased confidence for a seasonal second half with their ordering patterns," Intel Chief Executive Paul Otellini said in a call with analysts. "From a consumption perspective, consumer purchases led the way." The broader tech industry was likely to get a boost from Intel's results, said analyst Crawford Del Prete of International Data Corp. "Clearly, Intel is seeing a firming up in demand," he said in an interview. "It's encouraging news for the industry." In fact, shares of other tech companies also rose after hours, including those of Intel's arch-rival, Advanced Micro Devices (AMD), computing giant Hewlett-Packard (HPQ) and software behemoth Microsoft Corp. (MSFT). Intel (INTC) reported a second-quarter loss of $398 million, or 7 cents a share, compared with a profit of $1.6 billion or 28 cents a share for the year-earlier period. Revenue was $8 billion, down from $9.5 billion at the same time last year. Adjusted income, which excludes the impact of a fine imposed by European Commission, was 18 cents a share. The company reported $1.45 billion charge related to the European fine. Analysts had expected Intel to report earnings of 8 cents a share on revenue of $7.3 billion, according to a consensus survey by FactSet Research. Broadpoint.AmTech analyst Doug Freedman said Intel posted "great" results, highlighted by strong revenue. He also said it appears that the company benefited from strong consumer demand, and that it will likely benefit from an anticipated pickup in corporate demand. "Revenue performance was great," Freedman commented. Intel continued to see some weaknesses in the market. Otellini said "enterprise PC volumes remain weak," although he said sales of server processors were better than expected. The company also got a boost from demand in the Asia-Pacific, particularly in China, where stimulus programs "continue to generate meaningful growth in their PC market," Otellini told analysts. However, market recover in Europe has lagged trends in the U.S. and China, he added. In a statement, Otellini said the company's results "reflect improving conditions in the personal-computer market segment, with our strongest first- to second-quarter growth since 1988 and a clear expectation for a seasonally stronger second half." For the current quarter, Intel said it expects revenue of $8.5 billion, plus or minus $400 million. Analysts had expected the company to report sales of $7.8 billion, according to a survey by FactSet Research.