Intel Reports Record Year

By Cindy Waxer January 14, 2011

Intel reported its highest earnings ever with revenue of $43.6 billion - up $8.5 billion or a 24 percent increase over last year. Net income topped $11.7 billion, up $7.3 billion. Fourth-quarter revenue reached $11.5 billion, up $355 million, or 3 percent sequentially.

“2010 was the best year in Intel’s history. We believe that 2011 will be even better,” said Paul Otellini, Intel president and CEO, in a statement.

This has been a week of good news for the processing giant. Earlier this week, Intel and NVIDIA buried the hatchet on a long-standing battle. Intel agreed to pay NVIDIA $1.5 billion over five years to put an end to ongoing litigation between the two companies as part of a patent-licensing deal.

"This agreement ends the legal dispute between the companies, preserves patent peace and provides protections that allow for continued freedom in product design," said Doug Melamed, Intel senior vice president and general counsel, in a statement. "It also enables the companies to focus their efforts on innovation and the development of new, innovative products."

Under the deal, Intel receives a license to NVIDIA's patents and, in turn, NVIDIA receives a license to Intel's patents including that x86 and certain other products are not licensed to NVIDIA under the agreement. The two parties have also exchanged broad releases for all legal claims, including any claims of breach of their previous license agreement.

And in December, TechZone360.com reported that Otellini filled in conference attendees on the details of the company’s consumer tablet products which will roll out over the first half of 2011. While it’s slightly slow to the market compared to the widely popular iPad, Otellini told press at the conference that manufacturers have agreed to use Intel chips in 35 tablet models, including a few already on the market, accidently spitting out the names Dell, Asus, Lenovo and Toshiba.




Edited by Jaclyn Allard

TechZone360 Contributing Editor

SHARE THIS ARTICLE
Related Articles

Looking For The Next iPod/Echo

By: Rob Enderle    4/29/2016

The Amazon Echo, not the Apple Watch, became the last iPod-like product largely because of a far more accessible price point, a more compelling name, …

Read More

Apple Needs Reset, Not Elon Musk

By: Doug Mohney    4/29/2016

Apple's 13 percent sales decline and subsequent stock price drop this week has lead to the usual crazy talk about how to "fix" the company. Vivek Wadh…

Read More

Is the Apple Bubble Finally Bursting?

By: Andrew Bindelglass    4/28/2016

Over the past 13 years, Apple has been one of the most successful companies in the world of tech, posting sales growths in 51 straight quarters. That …

Read More

Shared-Space Providers (Airbnb) Poised to Beat Ride-Sharers (Uber)

By: Steve Anderson    4/28/2016

Travel may be starting to make a bit of a comeback, as a new report suggests that shared-space providers like Airbnb and WeWork are on the rise.

Read More

Facebook Wants More Sharing, Building New Camera App to Drive It

By: Steve Anderson    4/28/2016

One of the great downsides to having a lot of content in any one place is that, after a while, it starts looking downright pointless to add more.

Read More