Intel Revenue Remains Flat - 2

Intel officials said gains made in the Intel Architecture Group-particularly in the mobile space-were offset by a unexpected drop in flash memory sales .

Intel Corp. saw revenue remain flat and net income drop slightly in a first quarter in which the giant chip maker made big strides in its mobile and wireless offerings with the launch of Centrino and Manitoba products.

Revenue for the quarter ending March 29 came in at $6.75 billion, a slight drop from the $6.78 billion from the same period a year ago, Intel reported on Tuesday. The Santa Clara, Calif., company earned $915 million, a 2 percent drop from the $936 million it earned in the first quarter 2002.

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