Intel results 'suggest worst of computing slump is over'

Intel results 'suggest worst of computing slump is over'

11:27 18th January 2010

Robust results by the world's largest microprocessor maker Intel have brought hope to the market that the worst of the economic slowdown in the computing sector might be over, several news reports said.

On Friday, the company posted revenue of $10.1 billion, an increase of $2.3 billion and 28 per cent year-on-year, Intel told investors.

"Intel's strong 2009 results reflect our investment in industry-leading manufacturing and product innovation," said Paul Otellini, Intel's chief executive.

"Our ability to weather this business cycle demonstrates that microprocessors are indispensable in our modern world. Looking forward, we plan to deliver the benefits of computing to an expanding set of products, markets and customers," he added.

In other news, schools must put embracing technology at the top of their agenda for 21st century learning, a leading expert has been quoted as saying.

Professor Stephen Heppell has said schools should strive to break away from traditional teaching models, a news report said.

Separately, Vernon Coaker, the UK's minister for schools and families, reiterated the government's commitment to putting technology at the heart of the school curriculum.

Written by Hannah JamesADNFCR-1667-ID-19562121-ADNFCR

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