Word: quarters
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Dates: during 2000-2009
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...last quarter, Intel Corporation reported revenue of $7.1 billion, net income of $647 million and earnings per share of $.11. Revenue was $9.7 billion in the same period last year. Aside from topping expectations, Intel's CEO, Paul Otellini, said, "We believe PC sales bottomed out during the first quarter and that the industry is returning to normal seasonal patterns." (See pictures of the Top 10 scared traders...
Intel did two things the market dislikes. The first is that it said very little about how the company expected to be doing over the next two or three quarters. The firm would only indicate that revenue for the current quarter would be about flat with the last one. Intel also did not offer any evidence that the PC industry is beginning to do better or if companies were just ordering a few more chips to fill falling inventory. Intel's results are good news for the broader tech sector if PC companies are actually buying more chips because their...
Intel is the first large tech company to report each quarter. If Intel's comments are positioned to support its belief in a recovery, there is a temptation for Wall St. to buy up its shares...
Either way, Lugo's lawyer, Marcos Farina, tells TIME the President has now agreed to take a quarter of the roughly $30,000 government salary he already donates to an indigenous charity and redirect it to child support for Guillermo. (He also consented to the boy using the surname Lugo on his birth certificate.) Carrillo's lawyers have confirmed that she signed off on that arrangement and say they have dropped the suit. They also deny Farina's accusation that they tried to blackmail Lugo for $1 million before filing last week's paternity suit, saying the attorney...
...three months of this year. That's up from about 35% on average over the past four years. It has yet to be seen whether other firms have upped their trading bets as well. Goldman was the first of the major financial firms to report earnings in the first quarter. Citigroup and J.P. Morgan have said that they, like Goldman, made money in the first two months of the year. So it is likely those firm have increased the amount of risk they are taking as well. If so, the ramping up of trading at Goldman and others underscores...