Dylan McGrath, EETimes
1/14/2011 2:30 PM EST
SAN FRANCISCO—Even after reporting its third consecutive record quarter and best sales year ever Thursday (Jan. 13), Intel Corp. continues to take its lumps from critics who see the company's x86-based chips at an increasing disadvantage against ARM-based processors in the mobile computing space.
Following Intel's report of record sales of $11.5 billion for the fourth quarter of 2010—besting consensus analysts' expectations—President and CEO Paul Otellini painted a rosy picture of the No. 1 chip vendor's immediate and long-term prospects, highlighting its push into media tablets and smartphones and the continued success of its server chips along with the growth of Internet traffic. He said Intel is confident it can grow its revenue by 10 percent in 2011 compared to the $43.6 billion the company achieved in 2010.
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