Thursday, January 17, 2008
Intel 's CEO Paul Otellini says his company does not expect any negative impact from the weakening U.S. economy.
Otellini said fourth quarter results, continues to experience strong growth internationally where it generates more than 75 percent of its annual revenue.
On Tuesday, January 15, 2008, Intel announced fourth quarter results that, while showing strong growth, trailed analysts' average estimates. A geographic breakdown of the company's revenue showed growth concentrated in Europe, Japan and Asia-Pacific.
European sales grew more than 17 percent, to $2.23 billion from $1.9 billion in the fourth quarter of 2006. Sales to Asia-Pacific increased 10 percent to $5.4 billion from $4.9 billion and Japan expanded 12 percent, to $1.1 billion from $936 million.
The three regions accounted for 81 percent of Intel's sales during the last quarter, up from 79 percent in the final quarter of 2006. .
By: DocMemory
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