Intel has posted a third-quarter revenue of $8.5 billion and a net income of $1.9 bilion, which means an 8 and 15 percent increase from a year ago.
Craig R. Barrett, CEO at Intel explained, that the Company delivered growth in both of its major businesses in the third quarter driven by record server and mobile microprocessor shipments and market segment share gains in flash memory. Growth was not as high as we originally anticipated due to inventory adjustments at some of our major customers and lower than expected overall demand for PCs.
“Intel crossed over to 90nm technology in microprocessor shipments to the computing market segment for the quarter and built 65nm memory chips containing more than half a billion transistors each, reflecting the company’s long-term strategy of investing in leading-edge process technology. We also returned more cash to our stockholders with a $2.5-billion share re-purchase, our largest ever“, he added
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