Intels Second-Quarter Profit Doubles
Chip-making giant Intel Corp. said Tuesday its second-quarter profits doubled as demand for computer microprocessors was stronger than expected.On a day when it marked its 35th anniversary, Intel Corp. celebrated quarterly earnings that showed a doubling of its income over the same period last year and an 8 percent jump in revenue. The giant chip maker on Tuesday reported second-quarter net income of $896 million, compared with $446 million during the same time last year. During the same three months that ended June 28, Intel, of Santa Clara, Calif., generated revenue of more than $6.8 billion, an increase over the $6.3 million during the second quarter last year.
Intel officials, while admitting that last years second-quarter results were impacted by more than $218 million in charge and write-offs for such items as shutting down its online services business, attributed much of the current success to increasing demand for its computer chips. The company added to that lineup right after the quarter ended, when it rolled out the new 64-bit Itanium 2 6M chipformerly code-named Madisonand the new Gallatin Xeon chip, both released June 30. They also pointed to the growing acceptance of the companys Centrino mobile platform, particularly as the company gears up to market the technology to consumers. They expect the Madison chip to fuel interest in Itanium, which has suffered with disappointing sales.