AAA Intel sees positive gains from equity investing

Intel sees positive gains from equity investing

Intel Capital, the corporate venturing division of US-listed semiconductor company Intel, bounced back into gain in the second quarter as the overall company posted its best quarter of results.

Intel gained $193m from equity investments and net interest in the three months to June 26 compared to a loss of $69m in the same period last year. For the first six months of the year, Intel gained $162m in operating income compared to a loss of $182m last year as the credit crunch bit. Its overall net gain from equity investments and interest was $204m compared to its own revised expectations of $180m.

Intel’s overall revenues in the second quarter were $10.8bn, up from $8bn last year, with operating income of $4bn.

Paul Otellini, Intel executive president, said: "Strong demand from corporate customers for our most advanced microprocessors helped Intel achieve the best quarter in the company’s 42-year history. Our process technology lead plus compelling architectural designs increasingly differentiate Intel-based products in the marketplace. The PC and server segments are healthy and the demand for leading-edge technology will continue to increase for the foreseeable future."

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