The world’s largest Chip maker announced a spectacular quarterly results for the first quarter of 2010 this week. The results were far higher than the analysts’ estimates both on revenue and net profits.
The company is attributing this to increased investment by the US corporate sector on technology issues. There has been more computer purchases by corporate users in the last three months which is driving the chip sales by Intel.
Intel is now expecting a similar or improved performance in the next few quarters, barring unforeseen global level pull backs. Needless to say, given the excellent track record of Intel, we can take their projections at face value.
US corporate investment into technology is returning slowly