Otellini's last quarter

Subject: General Tech | April 17, 2013 - 09:44 AM |
Tagged: Intel, otellini, earnings

The downturn in the PC market has depressed the earnings of Intel during Paul Otellini's last quarter as head of the company, but not as badly as many companies thanks to decent sales of data centre products.   Their overall earnings are down $1bn from this quarter last year with their PC sales down 6.6% but their data centre sales up 7.5% when compared to Q1 2012.  The numbers are not so rosy when you look at the last year of sales, PC down 6% and data centre down 6.9%, in line with expectations but far from good news.  Intel has come a long way since 1974 when he first joined the company but even they are not immune to the decline in sales which has been hurting the industry recently.  Get the full sales numbers at The Register.

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"After 39 years at Chipzilla and over 80 earnings calls Paul Otellini has just finished his final one before stepping down in May. He didn't so much leave with a bang as a whimper.

The company booked $12.6bn in revenue for Q1 2013, down nearly a billion from the last quarter, and profits dropped 25 per cent to $2bn, over half of which will be given out as a dividend and another $553m used to buy back 25 million Intel shares. The results were broadly in line with analyst's expectations and Intel stock is up slightly in late trading."

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Tech Talk

Source: The Register
April 17, 2013 | 12:13 PM - Posted by Anonymous (not verified)

He is out of there, probably unloading all those preferred Intel stocks! Maybe Intel's new big wig, can stop the bleeding, but the better GPU hardware is worthless without well functioning drivers and driver updates from OEMs/Intel! the PC market is shrinking and the pickings are slim! For gamers, discrete GPUs will still be the best, for better driver support, and better hardware! The fastest CPUs do not equate directly to the fastest integrated graphics , altough the fastest CPUs pared with the fastest descrete GPU will allways win the top end!

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