“Intel’s first-quarter 2011 revenue set a new company record at $12.8B, exceeding the Wall Street moneymen’s predictions and causing Chipzilla’s stock to pop up as high as six per cent in after-hours trading. ‘The first-quarter revenue was an all-time record for Intel fueled by double digit annual revenue growth in every major product segment and across all geographies,’ Intel president and chief executive Paul Otellini in a prepared statement.”
“As iPhones and other smartphone devices increase in popularity, their foothold in the mobile gaming market strengthens. This looks like bad news for traditional handheld options we generally associate Nintendo and Sony with. Some suggest the iPhone could even have a negative impact to the point & shoot camera industry, as figures from Flickr show the iPhone 4 is on its way to becoming the world’s most-used photography device. Could the Apple iPhone ruin consumer electronics as we know it?”
VMware’s first quarter impresses; Juniper, Riverbed strong too
Larry Dignan shares VMware’s first quarter revenue earnings.
“VMware reported first quarter earnings of $126M, or 29 cents a share, on revenue of $844M, up 33 per cent from a year ago. Non-GAAP earnings were 48 cents a share. Wall Street was expecting earnings of 42 cents a share on revenue of $814.6M. VMware said: License revenue was up 34 per cent from a year ago, services revenue was up 32 per cent from a year ago and VMware saw strong demand across all geographies.”