Sales to data centres that power mobile and web apps, which bring more profit than chips for personal computers, rose 26.9 percent to $5.55 billion in the second quarter ended June 30. Intel has been increasingly catering to data centres as revenue from PCs has flattened since shipments peaked in 2011. “We believe performance within Intel’s data centre business largely dictates the performance in the shares and view the slight miss versus consensus as a negative,” said CFRA Research analyst Angelo Zino. …read more
Source:: Yahoo Finance
