Head of Intel's largest business unit joins data storage company EMCSeptember 14th, 2009 Head of Intel's largest business unit joins EMCSANTA CLARA, Calif. — Intel Corp.
Intel announces reorganizationSeptember 14th, 2009 SAN FRANCISCO - Intel announced a major reorganization Monday that will combine the divisions that design and market chips for PC's and mobile devices. The move was seen as a powerful illustration of the growing importance of mobile chips, where Intel has not enjoyed the same dominance it has held for 20 years in the market for the microprocessors that power PCs and servers.
Intel raises 3rd-quarter sales outlook on improved demandAugust 28th, 2009 Intel raises 3Q sales outlookSANTA CLARA, Calif. — Intel is raising its third-quarter revenue forecast, citing strong demand for its chips.
Pakistani, Indian firms traded goods worth $900 mnAugust 13th, 2009 ISLAMABAD - At least 25,000 Pakistani and Indian companies traded goods worth Rs.74.32 billion ($900 million) last year, the National Assembly, the lower house of Pakistan's parliament, was informed Thursday. According to figures furnished by the trade ministry, 2,656 Indian companies traded goods worth Rs.8.92 billion with Pakistani companies, while 22,943 Pakistani companies had Rs.65.32 billion of trade with India, Geo TV reported.
Intel offering $1.5 billion in notes, plans to use proceeds to buy back stockJuly 20th, 2009 Intel offering $1.5 billion in notesSANTA CLARA, Calif. — Intel, the world's biggest maker of microprocessors, says it is offering $1.5 billion in junior subordinated convertible debentures and will use proceeds to buyback stock.
Pakistani intel officials say suspected US missiles hit Taliban targets in NW PakistanJuly 3rd, 2009 Intel officials: suspected US missile strike in NWISLAMABAD — Pakistani intelligence officials say suspected U.S. missiles have hit a Taliban target in northwest Pakistan.
Family ties: Google invests another $2.6 million in startup launched by co-founder's wifeJune 19th, 2009 Google invests $2.6M in startup tied to BrinMOUNTAIN VIEW, Calif. — Google is putting another $2.6 million into 23andMe, a biotech startup with family ties to its co-founder, Sergey Brin.
NYSE Euronext invests in rebranded Qatari stock exchange, gains foothold in GulfJune 19th, 2009 NYSE Euronext invests in Qatari stock exchangeLONDON — Stock exchange operator NYSE Euronext said Friday it has invested 200 million pounds in a rebranded stock exchange in Qatar, reducing the size of its planned investment in the energy-rich Persian Gulf. NYSE Euronext said that it will pick up a 20 percent stake in a joint venture to rebrand the exchange with the Qatar Investment Authority — instead of the 250 million pounds for a 25 percent stake they had announced a year ago.
EU slaps record $1.45-billion fine on IntelMay 13th, 2009 BRUSSELS - The European Commission Wednesday levied a record 1.06-billion-euro ($1.45-billion) fine on US computer chipmaker Intel for bribing retailers and manufacturers to shut its main rival out of European markets. The commission found that between 2002 and 2007, Intel 'used illegal anti-competitive practices to exclude essentially its only competitor, and thus reduce consumer choice, in the worldwide market for x86 chips,' said Commissioner Neelie Kroes.
EU slaps record $1.45 billion fine on IntelMay 13th, 2009 BRUSSELS - The European Commission Wednesday levied a record 1.06 billion-euro ($1.45-billion) fine on Intel after finding the US computer chipmaker guilty of using illegal practices to squeeze its main rival out of European markets. 'The commission found that Intel abused its dominant position in the computer chips market,' said EU Competition Commissioner Neelie Kroes in announcing the decision.
Tatas, SBI, Infosys among world's top 50 reputed firmsMay 9th, 2009 WASHINGTON - The Tata Group, State Bank of India (SBI) and Infosys Technologies are among 17 Indian firms that figure among the top 50 in a list of the world's 200 most reputable companies. With a pulse score of 80.89 on a scale of 0-100, the US-based Reputation Institute ranked the Tata Group 11th above global giants like Google, Microsoft, General electric, Toyota, Coca-Cola, Intel and Unilever.
Intel profits drop 55 percentApril 15th, 2009 SAN FRANCISCO - Computer-chip giant Intel reported a 55-percent drop in first-quarter income Tuesday but said that it believed sales had bottomed out and that business was returning to normal. 'We believe PC sales bottomed out during the first quarter and that the industry is returning to normal seasonal patterns,' Intel chief executive Paul Otellini said in announcing the results.
Intel and GE team up on telemedicineApril 2nd, 2009 NEW YORK - Going to the doctor could become a thing of the past for many people if the telemedicine plans by Intel and General Electric (GE) come to fruition. The two giant US companies announced Thursday that they are teaming up to produce a line of medical devices, including one that would allow doctors to remotely monitor patients' health without them needing to visit the doctor's office.
Intel may stop rival AMD from making chipsMarch 17th, 2009 SAN FRANCISCO - Intel Corporation has warned rival chip maker AMD (Advanced Micro Devices) that its licence to make personal-computer chips could be revoked because it spun out its manufacturing unit into a separate company. Intel dominates the market for PC-compatible chips, which are based on the ubiquitous x86 architecture, first introduced by Intel in 1978 and later licensed to other companies.
Intel reports 90-percent earnings drop as chip sales falterJanuary 15th, 2009 SAN FRANCISCO - Chip-making giant Intel reported a 90-percent drop in fourth-quarter earnings Thursday as revenues dropped by 23 percent over the same quarter a year earlier. The Silicon Valley bellwether reported net income of $234 million, or 4 cents per share, down from $2.27 billion, or 38 cents per share, in the year-earlier period.
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