TECHNOLOGY - Jan. 14, 1993
From Times Staff and Wire Reports
Intel Corp. Reports Sharply Higher Profit: Intel posted a 127% jump in fourth-quarter profit--and record revenue and profit for the full year--as demand for the microprocessors that power personal computers surpassed its own ambitious expectations. The Santa Clara-based firm said it earned $428.6 million, or $1.97 per share, up from $188.7 million, or 90 cents per share, for the fourth quarter of 1991. Revenue grew 54% to $1.86 billion, from $1.21 billion in the same period in 1991. The company reported 1992 earnings of $1.07 billion, or $4.97 a share, up 30% from $818.6 million in 1991. The news set off a powerful rally in the company’s shares, which rose $8.125 in NASDAQ trading, closing at $110.125.
