Strong Intel Numbers Signal Hope for IT Industry
Three months after CEO Paul Otellini announced that the PC market had bottomed out, Intel’s latest quarterly numbers indicate that the industry may be stabilizing.
Intel July 14 posted strong numbers in the second quarter, including $8 billion in revenue and a $1 billion profit. However, when the European Commission’s $1.45 billion fine for antitrust violations was factored in, Intel’s profit swung to a $398 million loss.