The Curious Case Of Intel
Tech giant Intel (Nasdaq:INTC) is a mess of contradictions. It is a tech bellwether, but one with unimpressive growth over the past decade. It is a pioneer in the microprocessor sector, but questions swirl about its ongoing relevance even as it posts an all-time best quarter. Worse still, it is a story that does not lend itself to sound bites and simplification.
The Quarter That Was
By any reasonable standard, this was a great quarter for Intel. Revenue jumped 34% from last year and rose 5% sequentially to an all-time best of $10.8 billion. This growth was fueled by strong demand for PC and server chips, as PC-related revenue climbed 31% from the year-ago level.
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