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December 2, 2008 6:43:07 AM CST

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Intel Rides Global Sales to Strong Q1

Posted Apr 16, 08 6:50 AM CDT in Business,  Technology 

(Newser) – Global demand for computer chips helped Intel power to a 9% first-quarter revenue gain, beating analysts' estimates and sending a message that while US sales may be slumping, the world’s largest chip maker’s still got game. Intel stock rose 7.7% in after hours trading, the New York Times reports, as the news allayed worries that computer sales are slowing.

Net income was off 12% to $1.4 billion, or 25 cents a share, from a year ago, primarily related to costs of a business spinoff. Revenue increased to $9.67 billion from $8.85 billion. Intel’s new nanometer manufacturing process has helped it dominate foundering rival AMD, which has struggled through delays in new product launches and lost customers to Intel.

Source New York Times

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The Intel exhibit at the Consumer Electronics Show at the Las Vegas Convention Center is seen Wednesday, Jan. 9, 2008.   (AP Photo/Paul Sakuma)
Intel Corp. CEO Paul Otellini holds up a 12-inch Penryn wafer with hundreds of individual silicon chips at Intel headquarters in Santa Clara, Calif.   (AP Photo/Paul Sakuma)
An Intel sign is shown in front of Intel Corp. headquarters in Santa Clara, Calif.   (AP Photo/Paul Sakuma)
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