Intel increased profit by 38 per cent to
$7bn (£3.6bn) in 2007, with revenue also up eight per cent to $38.3bn (£19.6bn).
But fourth quarter revenue of $10.7bn (£5.5bn), though up 42 per cent on the
previous quarter and 10.5 per cent year on year, fell $88m (£45m) below
expectations. Intel blames the falling price of memory chips due to global
oversupply.
Revenue from Intel’s computing related products were in line with
expectations. But annual net revenue for microprocessors in both the digital
enterprise and mobility groups fell year on year, despite shipping more units.
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Falling memory prices are to blame, says the Korean giant 15 Jan 2008
A clutch of late contracts has helped to raise forecasts for the services group 09 Jan 2008
The chip maker will develop its own machines for the developing world 04 Jan 2008
But the share price dipped despite positive third quarter results 30 Nov 2007
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