Swinging News Intel
Intel profits double
SAN JOSE, Calif. -- Intel Corp.'s third-quarter profits more than doubled Tuesday as the world's largest semiconductor company benefited from the strongest demand for personal computers since the high-tech boom of the late 1990s.
For the first time in the economic recovery, Intel executives said the company's growth was outpacing normal seasonal patterns.
For the three months ended Sept. 30, Intel earned $1.7 billion, or 25 cents per share, compared with profits of $686 million, or 10 cents per share, in the same period last year. Sales rose 20 percent to $7.8 billion, from $6.5 billion last year.
At the end of the second quarter, Intel initially predicted sales of $6.9 billion to $7.5 billion. A few weeks later, it upped the estimate to between $7.3 billion and $7.8 billion. Last month, it narrowed the range to between $7.6 billion and $7.8 billion.
Risque Durango ad debuts next month
AUBURN HILLS -- DaimlerChrysler AG's Chrysler Group plans to start using a little bathroom humor next month during late-night television to pitch the 2004 model of its Dodge Durango sport utility vehicle.
In the advertisement, two men standing side-by-side at rest room urinals are overheard discussing how size matters, The Detroit News reported Tuesday. The object of their attention is a Durango poster on the wall.
The spot is the latest in a series of risque Chrysler ads that have implied wife-swapping among minivan owners and sexual relations in the back seat of a Concorde sedan.
Chrysler spokesman James Kenyon said the ad is a tongue-in-cheek attempt to illustrate that the redesigned full-size Durango SUV is longer and wider than the model it replaces.
Transmeta launches new microprocessor
SAN JOSE, Calif. -- Struggling chipmaker Transmeta Corp. launched its next generation microprocessor Tuesday, again promising low power consumption and relatively high performance for notebooks and other computers.
The Efficeon processor is the company's most aggressive move since the 2000 launch of its first chip, named Crusoe. Despite tremendous hype at launch, Crusoe failed to capture much market share because its low power requirements translated into sluggish performance.
Shares of Transmeta rose 13 cents, or nearly 3 percent, to close at $4.65 on the Nasdaq Stock Market. The company's share price has doubled over the past month in anticipation of the new chip.
AOL to introduce
Trying to fend off cut-rate competitors, America Online plans to introduce a discount version of its dial-up Internet access service early next year that will carry the Netscape brand name, a person with the company said Tuesday.
The new service is expected to cost $9.95 per month for unlimited access, a big break on the $23.90 monthly tag that comes with AOL's current dial-up service, which has seen its subscriber numbers fall. The new plan would also beat the $14.95-per-month package AOL is pushing to people who get their Internet access from a separate broadband provider.
However, executives at Dulles, Va.-based AOL, part of
AOL Time Warner Inc., don't believe the new Netscape discount service
will siphon away bigger-spending customers after it debuts nationwide
in the first quarter of 2004.
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