Intel, the world’s biggest chipmaker, reported its strongest pick-up in business in more than 20 years, giving a major lift to the PC industry and technology sector.Intel reported second-quarter revenues of $8bn, up 12 per cent on the first quarter and well ahead of analyst expectations of $7.23bn. Its profit of 18 cents a share also easily exceeded a consensus of 8 cents. The chipmaker was the first big technology company to report earnings this season, providing a boost to the sector and the wider market.
Dell plans to plunge into the crowded smartphone market and invest in other new areas, fuelling investor concerns that profit margins will continue to erode at the world’s second-largest computer maker. Ronald Garriques, president of Dell’s consumer division, said the company would “work with the top three to four” telecommunications carriers “and see what their needs are”.The declaration follows innovations in recent months from other manufacturers of internet-enabled phones such as Apple and Research in Motion, while spending on other computing products is flagging.
Microsoft unveiled pricing details and launch plans for Windows Azure, the “cloud” operating system that Ray Ozzie hopes will become the online analogue to Windows on the personal computer – a platform that supports applications on the internet. The formalising of the plans, with Azure services going on sale in November, caps the first stage in an planned cultural and technological transformation of the world’s biggest software company.
Welcome. If you have yet to register on FT.com you will be asked to do so before you begin to read FT blogs. However, our posts remain free.
Richard Waters, Chris Nuttall, April Dembosky and Tim Bradshaw in the FT's San Francisco bureau share their views - plus tech insights from Maija Palmer and Robin Kwong in London and Sarah Mishkin in Taipei.
Richard Waters has headed the FT's San Francisco bureau since 2002 and covers Google and Microsoft, among other things. A former New York bureau chief for the FT, he is intrigued by Silicon Valley's unique financial and business culture, and is looking forward to covering his second Tech Bust.
Chris Nuttall has been online and messing around with computers for more than 20 years and since 2004 has reported from the FT's San Francisco bureau on semiconductors, video games, consumer electronics and all things interwebby.
Maija Palmer has been writing about technology for the FT since 1999 and is fascinated by cybercrime, privacy and all the other issues of the information society. Based in London, she covers European tech companies and hopes that they won't all get acquired by American rivals.
Robin Kwong is the FT's technology, media and telecoms page editor in London. Formerly he was the Taipei correspondent and wrote about the companies that manufacture the vast majority of the world's computers and gadgets. He is interested in the intricacies of the technology supply chain and how China is increasingly changing the tech landscape.
Tim Bradshaw is the FT's digital media correspondent, and has just moved from London to join our team in San Francisco. He has covered start-ups such as Twitter and Spotify, as well as the online ambitions of more established media companies, such as the BBC iPlayer. He also covers the advertising, marketing and video-game industries. Tim has been writing about technology, business and finance since 2003.