Profit up due to 45nm but sales flat, outlook is (unsurprisingly) uncertain.
http://biz.yahoo.com/rb/081014/business_us_intel_earnings.html?.v=4
Two good things for Intel, first is that going into a recession a $2billion profit is pretty good. This is the sort of profit level they were making in the good old days before they ran into trouble with netburst and is nice to have in the bank for a rainy day.
Second is atom. People have been saying it will take money from their expensive cpu's. Maybe so but in the current climate just having launched a cheap cpu seems like very good timing indeed.
I think Intel is the one tech stock I'd pick at the moment.
http://biz.yahoo.com/rb/081014/business_us_intel_earnings.html?.v=4
Two good things for Intel, first is that going into a recession a $2billion profit is pretty good. This is the sort of profit level they were making in the good old days before they ran into trouble with netburst and is nice to have in the bank for a rainy day.
Second is atom. People have been saying it will take money from their expensive cpu's. Maybe so but in the current climate just having launched a cheap cpu seems like very good timing indeed.
I think Intel is the one tech stock I'd pick at the moment.
