October 13, 2009

Intel's Q3 Numbers Impress

Article Source MoblinZone Blog
October 13, 2009, 2:44 pm

Helped in part by strong Atom processor sales, Intel bettered analyst expectations for Q3, it announced today. The company's stock continued trending upwards on the news.

Intel's stock traded as low as $15/share in June, but now costs upwards of $20/share. For the day, shares were up about $4.54 in after hours trading, reaching $21.42.

Intel's efforts to diversify into smaller, more portable form factors seem to be paying off. The company's Mobility Group led revenue growth, posting a 19 percent gain, sequentially, for the quarter. Atom sales were up 15 percent sequentially, reaching $415 million...

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