The first quarter of Seagate’s 2015 fiscal year was a solid one, as revenues rose from increased demand.
In a stark contrast to conservative projections by analysts, Intel (stock: INTC) announced that the company achieved a revenue of $10.22 billion, beating the estimates. Chipzilla achieved clear two billion dollar profit in Q3’08, or 35 cents per share. The reason for this 12% jump in profits is no other than Intel Atom, chip that reportedly costs only $8 to make, giving Intel additional $200 million in its Q3 revenue. Without Atom and associated chipsets, their revenue would dip below 10 billion. This only goes to show that Intel executed properly and went for the segment of market that has just started to expand. Cheap
In the light of world economy going bonkers, we have entered two really interesting weeks. Intel will submit its Q3 results after the market closes on Tuesday, while AMD will follow suit on Thursday. I’ve received a preview for both companies from Wedbush Morgan Securities, and in this post you can read estimates researched by Patrick Wang and his assistant Michael Lucarelli. According to Wedbush Morgan, we can expect “weak 3Q results towards the lower end of guidance as the majority of semi companies have not pre-announced but were most likely impacted by the well-documented macro environment.” With global economy being in chaos, it is