Intel results beat estimates, warns of potential security flaw fallout
Intel Corp on Thursday gave a bullish forecast and blew past Wall Street profit and revenue expectations for the fourth quarter on the strength of data center sales, the business it sees as key to its transformation from a PC supplier.
[...] Intel Chief Executive Brian Krzanich said the company would start shipping chips later this year with “silicon-based changes” to protect against the so-called Spectre and Meltdown security threats.
Revenue from the company’s higher-margin data center business rose about 20 percent to $5.58 billion, beating the average analyst estimate of $5.13 billion, according to Thomson Reuters I/B/E/S. Revenue from Intel’s PC group hit $9 billion for the quarter, a 2 percent decline from the year before, but ticked up 3 percent for the year to $34 billion.
Intel predicted $65 billion in revenue for 2018, well above expectations of a $63.7 billion forecast.
In an interview ahead of Intel’s earnings call with investors, Chief Financial Officer Bob Swan said the company sees no “meaningful impact” on corporate earnings as a result of the security vulnerabilities, reiterating an assessment the company made on Jan. 3.
(Score: 2) by takyon on Friday January 26 2018, @04:16PM (2 children)
Intel Announces 'In-Silicon' Fixes For Meltdown And Spectre Coming This Year, 10nm Update [tomshardware.com]
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 1, Insightful) by Anonymous Coward on Friday January 26 2018, @05:40PM (1 child)
This makes great headlines, but when looking into it the 'in silico' fixes are for new processors only. Practically no Intel processor currently in use is going to benefit. And, so far, they've only definitely stated 10 nm is going to be fixed; the 14 nm update is implied but not definite.
(Score: 3, Interesting) by takyon on Friday January 26 2018, @05:42PM
Previously it wasn't clear that even the unreleased 10nm chips would get a Meltdown fix. Similar story for Spectre.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]