After a first quarter hindered by a sluggish PC market, Intel last week reported earnings in line with revised Wall Street expectations of 41 cents per share on flat sales of US$12.8 billion. That compares with 38 cents per share on sales of US$12.8 billion in the year ago quarter.
Beyond the company's performance in the first quarter, Intel CEO Brian Krzanich discussed how Intel's different groups have shaped up over the past few months, and what the vendor is expecting in the future.
10. Acquisitions
Several analysts questioned Krzanich on Intel's acquisition strategy, on the heels of reports last month that the chip giant was in talks to acquire field programmable gate array (FPGA) maker Altera.
The CEO, however, refused to comment on potential acquisitions. "We're not going to speculate on actual M&A questions ... we’re not going to speculate on hypothetical questions," he told a Citigroup analyst.
The potential acquisition Intel-Altera deal surfaced in March, but talks broke down in April, according to published reports. Partners have said such a deal would provide Intel with more firepower to push into the internet of things (IoT )market.
Altera investors have urged the company to return to the negotiating table with Intel, according to a report by Bloomberg News.
Next: Internet of Things and more
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