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 4/10 Good --- bigtech.blogs.fortune.cnn.com http://feeds.feedburner.com/bigtech
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Wednesday, July 16, 2008 --- 50 days ago http://bigtech.blogs.fortune.cnn.com/2008/07/15/intel-profits-spike-but-chipmake
 As laptops go mainstream, it’s good for Intel’s sales – but it also puts pressure on its profit margins. Image: Dell Click above for a video interview with Intel CTO Justin Rattner. Intel’s overall sales and profit numbers for the second quarter beat Wall Street’s expectations on Tuesday, but bargain-hunting laptop buyers rained on the chip giant’s party. Thanks to strong global mobile PC sales, Intel ( INTC ) hauled in $1.6 billion in earnings on $9.5 billion in revenue for the quarter that ended June 28, better than recession-wary analysts expected on average. The company’s projections for the third quarter were upbeat, too: sales as high as $10.6 billion, better than the pundits had guessed, as consumers and businesses are expected to snap up chips in computers from Hewlett-Packard ( HPQ ), Dell, ( DELL ), Apple ( AAPL ) and others. Nonetheless, the stock ticked upward only about 1 percent in after-hours trading. With all that good news, it’s fair to ask why the stock barely budged. And while it’s often tough to pin down one reason, this time there’s a likely culprit: the company’s flagging profit margins. Intel, being the biggest manufacturer of computer brains on the planet, typically commands a hefty premium for its wares, but this quarter it had to work a bit harder for the money. The company’s gross margins (one measure of profitability) came in at 55.4%, a tad under management’s projection of 56%. Doesn’t seem like a big ... |
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