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Wednesday, 18 July 2007 13:15

Intel Q2 profits jumps 44 percent

Written by Fuad Abazovic

Image

But the shares go down


Intel announced that its Q2 2007 profit has jumped 44 percent. For the three months in Q2 that ended June 30 Intel reported profit of $1.28 billion, or 22 cents per share, compared with $885 million, or 15 cents per share during the same period last year.

Strong sales of microprocessors is a key reason and the analysts are keep forgetting that Q2 was the one where Vista sales kicked in. Intel is enjoying dominance with its Core 2 Duo family as they are selling really well and they are superior to anything AMD has today. Core 2 Quad is also a marchitecture that Intel has and AMD still lack on it.

The companies shares fell due to a fierce competition as analysts believe that the competition will push the chip prices even lower. We don’t believe they are right and even in Q3 Intel is doomed to report profit jumps as AMD doesn’t have much to offer these days.

Intel stock price had risen 29 percent since the start of the year hitting new 52-week high of 26.33 just hours before Intel reported it earning reports. The stock fell nearly 5 percent to 25.05 in after hour trading.

Intel exceeded analysts' revenue expectations, ringing up $8.68 billion in the second quarter, an 8 percent increase over the $8 billion it reported in the same period last year.

Analysts are not happy as the average selling price of the CPUs went to toilet as AMD had to fight Intel with the prices. Intel believes that in future they won’t have to be so drastic with the prices as there will be more space for product differentiation.

Q3 looks good for intel and they will make nice money in it as well.

More here.

 

 

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