Intel 2Q profit jumps 44 percent
 

SAN JOSE, Calif. (AP) - Intel (NASDAQ:INTC) Corp. said Tuesday its second-quarter profit jumped 44 percent on strong sales of microprocessors even as the company faced fierce competition that pushed prices lower.

After hitting a new 52-week high during regular session trading, Intel's stock fell more than 4 percent in after-hours trading.

The Santa Clara-based chip maker's net income for the three months ended June 30 was $1.28 billion, or 22 cents per share, compared with $885 million, or 15 cents per share during the same period last year.

Were it not for certain one-time tax gains, Intel's profit for the latest quarter would have been lower by 3 cents per share. Analysts surveyed by Thomson Financial were expecting Intel to earn, on average, 19 cents per share.

Intel's shares, which were up 29 percent on the year prior to the earnings announcement, shed $1.26, to $25.07, in after-hours trading Tuesday.

http://money.cnn.com/news/newsfeeds/...3-18204844.htm

if they had abandoned the P4 earlier, they would have seen increases sooner too:)

the margin is crap tough :(

@Rutar, light at the end of the tunnel.
http://www.reuters.com/article/hotSt...38778520070718

the only way to tell is Penryn vs Barcelona shootouts, if they can maintain a lead it would mean better prices and sales