Record quarter for Intel

Article Excerpt

INTEL CORP. $25 (Nasdaq symbol INTC; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 5.3 billion; Market cap: $132.5 billion; Price-to-sales ratio: 2.5; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.intel.com) reported record revenue of $14.2 billion in the three months ended October 1, 2011. That’s up 28.2% from $11.1 billion a year earlier. Most of these gains came from strong sales of chips for notebook computers. Revenue from these products rose 21.7% in the quarter. Sales of chips for servers rose 14.9%. Earnings rose 17.4%, to a record $3.5 billion from $3.0 billion. During the quarter, Intel bought back $4.0 billion of its shares. Because of fewer shares outstanding, earnings per share rose 25.0%, to $0.65 from $0.52. The company spent 15.0% of its revenue on research in the latest quarter, so it’s more profitable than it seems. Intel is a buy. buy…