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?Intel delivered record-setting results again in Q3, surpassing $14 billion in revenue for the first time, driven largely by double-digit unit growth in notebook PCs,? said Paul Otellini, Intel Corporation (NASDAQ:INTC) president and CEO. ?We also saw continued strength in the data center fueled by the ongoing growth of mobile and cloud computing.?
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Intel is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world's computing devices.
Intel Reports Record Revenue and Profit
$3.1 Billion Year-Over-Year Revenue Increase Fueled by Double-Digit PC Unit Growth and Data Center Strength
Buyback Authorization Increased by $10 Billion
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TITN, INTC, ISRG, - CRWESelect.com Stock Report! Titan Machinery Inc., Intel Corporation, Intuitive Surgical Inc. (Video Include
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Titan Machinery, Inc. (NASDAQ:TITN)
(INTC, ISRG, TITN) PennyOmega.com Watch List for Wed Oct. 19, 2011
INTC, Intel Corporation
** On its third quarter fiscal 2011, INTC posted Non-GAAP record revenue of $14.3 billion, an increase of 29 percent year-over-year and 9% sequentially.
INTC's board of directors also voted to increase the company's buyback authorization by $10.0 billion, raising the total unused balance to $14.2 billion at the end of the third quarter.
Semi's Bouncing, However, They Are Signaling Further Declines
This afternoon, many of the semiconductor stocks are trading in positive territory. This is usually considered a positive for the NASDAQ Composite and the major stock indexes. Today, the Semiconductor Holders Trust (NYSE:SMH) is trading higher by 0.07 cents to $26.25 a share. The bounce in the SMH is somewhat feeble when you think about it.
While most of the market has been under recent pressure, three stocks have stood out and defied the market downturn. They have pushed higher and are all heading towards master levels. These levels will be revealed and should they hit, will be a long term pivot top according to proprietary technical signals.