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Intel reports record earnings for 2010

by Staff Writers
San Francisco (AFP) Jan 13, 2011
US computer chip giant Intel on Thursday reported that it posted its best earnings ever in 2010 as businesses and consumers snapped up processors for networks and mobile devices.

Intel said it took in a net profit of $11.7 billion for the year on revenue of $43.6 billion in a 267 percent jump from the profit it posted in 2009.

"2010 was the best year in Intel's history," the California-based company's chief executive Paul Otellini said in comments released with the earnings report. "We believe that 2011 will be even better."

Intel's net profit for the final quarter was $3.4 billion, a 48 percent increase from the same quarter last year.

Intel's stock price climbed nearly a percent to $21.47 a share shortly after the release of the earnings results.



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CHIP TECH
Intel to pay NVIDIA billons in patent dispute
Washington (AFP) Jan 10, 2011
US chip maker Intel on Monday announced it would pay graphics card developer NVIDIA $1.5 billion over the next five years to settle a patent dispute. The companies have been arguing for nearly two years about whether a deal they inked allows NVIDIA to produce chipsets that work with Intel microprocessors. Intel filed a complaint in court in February 2009, asking a judge to decide which s ... read more







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