Mobile Craze Boosts Intel - InformationWeek

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4/22/2005
05:47 PM
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Mobile Craze Boosts Intel

On the day marking the 40th anniversary of the publication of Moore's law, Intel reported revenue and earnings upswings from a year ago. "Strong demand for mobile products" drove the improvements, CEO Craig Barrett said in a statement. Microprocessor units and average selling prices were flat, while mobile microprocessor units set a record.

Intel reported net income of $2.2 billion on revenue of $9.4 billion for its first quarter, ended April 2. Net income was up 25% from the same quarter a year ago and revenue jumped 17%.

Barrett said Moore's law, which states that the number of transistors on a chip doubles about every two years, remains "the driving force behind our ability to continually innovate and bring exciting new products to our customers."

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