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Chip Giant Intel Posts Record Earnings

If past is prologue, things are looking pretty sweet for chip giant Intel.

On Thursday, the firm reported earnings for the fourth quarter and the full year of 2010, a 12-month stretch that saw revenues of $43.6 billion, the first time the company has topped the $40 billion mark.

And CEO Paul Otellini thinks Intel will only go up from there. "2010 was the best year in Intel's history. We believe that 2011 will be even better," Otellini said.

In netbooks, where Intel dominates with its Atom line of processors, the company is promising significant innovations to breathe new life into a computing segment getting squeezed at once by low-end notebooks and new tablet computers.

Datamation has the story on Intel's financials.

Read the full story at Datamation:
Intel Reports Record Earnings, Forecasts Even Better 2011