Intel reports Q3 profit growth despite Atom's struggles
Intel on Wednesday reported profit and revenue gains for the third quarter of fiscal 2011 on strong PC and server chip sales, overcoming a drop in Atom tablet and netbook chip sales.Intel benefited from strong microprocessor shipments and double digital growth in laptop unit shipments, said Intel CEO Paul Otellini, in a statement. The company saw strong data center growth, driven by the growth of mobile and cloud computing, Otellini said.The company reported profit of US$3.7 billion on a non-GAAP (generally accepted accounting principles) basis for the quarter ending on Oct. 1, up 24 percent compared to the same quarter... Read full post here