Friday, July 31, 2009

Intel in losses for the first time for 23 years

Company Intel has delivered the financial report on US GAAP for 2nd sq. 2009 According to its data, as a whole the gain for this period has made $8 billion However a corporation dead loss for the accounting period is measured by $398 million (from them $38 miillion losses on investments into securities and payment of percent). Operational costs for accounting quarter have made $12 million, loss on the action - $0,07. Year before net profit Intel for similar three months has made $1,6 billion Intel for the first time since 1986 has finished quarter with a dead loss. The corporation reporting was knocked down by the considered penalty at a rate of $1,45 mlrd, on the company the European market regulators. If not it not on GAAP net profit Intel would make about $0,18 on the action.

Despite it, investors and representatives Intel look at results of corporation c optimism. Financial results Intel for the second quarter reflect improvement of market conditions in a segment of personal computers: We have shown the maximum growth of results of the second quarter in comparison with the first sinnce 1988 We expect that second half of year traditionally will appear even more strongly, - the president and CEO Intel has commented. Floor of Otellini. (Paul Otellini).

Strategic investments Intel into new technologies and innovative products, together with the further orientation on efficiency of operations, will continue to bear fruit in the form of strengthening of our financial indicators, - he has added. Despite losses, the market has positively apprehended report Intel. In 3rd quarter 2009 Intel predicts the income at a rate of $8,5 mlrd ($400 million plus/minus), a ead loss from investments into securities and as a result payments of percent at level $80 million Total profit, under own forecasts of the company, in 3rd sq. will increase by 53 % plus/minus of 2 % in comparison with 51 % for the previous period. As transfers Reuters, the publication of financial results Intel was favorably reflected in the auctions by company securities.

So, following the results of the expanded trading session in the USA actions Intel have grown almost on 8,5 %.

At the auctions in Frankfurt the action price has increased by 8,1 %.

In spite of the fact that Intel feels on itself consequences of economic recession and reduction of IT Expenses, Pol Otellini has declared in April that personal computer sales were as much as possible low in 1st quarter, and now the market comes back to the seasonal tendencies. In the accounting period of sale Intel in Asia have grown on 21 % and have made $4,41 mlrd, they also have increased by 12 % in Northern and Southern Americas and have decreased on 9,4 % in Europe. As processors Intel are used in more than 75 % of the personal computer all over the world, financial results of the company are a barometre of a condition of all world computer sector.

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