Intel blows through financial projections
Update: I added a bit more detail, news of the CFO switcheroo, and a self-congratulatory but illuminating quotation from Intel's CEO.
Intel on Tuesday stomped all over estimates of its quarterly financial performance--not only Wall Street's but its own.
Three months ago, the Santa Clara, Calif.-based chipmaker in September predicted revenue of $9 billion to $9.6 billion for the third quarter of 2007. Then, in September, it raised it to a range of $9.4 billion to $9.8 billion.
The real number: $10.1 billion, a 15 percent increase from the year-earlier quarter. And net … Read more