Intel Reports Q3 Earnings of $3 Billion

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Oct. 15 (Bloomberg) –- Intel CFO Stacy Smith discusses Intel’s earnings numbers and mobile growth. He speaks with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

Company headquarters.

Profit drop but felt just slightly in the scorcher.

What would you highlight about the numbers today?

I think you hit on the most important thing.

We sought year over growth they're up 12%. we see some fast-growing segments within that.

Within the client segment of our business, what we saw was some strength in enterprise and mature markets offset the fact that the client market continues to be somewhat sluggish.

I think some nice bright spots but still a little cautious.

The fact they dropped when you announcement of your chip designs is delayed by a quarter, how do we know this is not bleeding into other parts of manufacturing?

We said there is about a one quarter push out.

We were originally expecting to start manufacturing.

We don't expect that to have an effect of products behind it.

I think it really shows the difficulty that is inherent.

We solve these problems in physics 2 tier 3 years ahead of the industry.

I think it is a testament to how good we are, but we are disappointed that we were off by about a quarter.

When it comes to mobile, we heard you guys say intel needs to move faster.

What can you tell us about particular changes in strategy other than simply moving faster?

I think i would just point to the third quarter.

We introduced 40 products on 22 nanometer technology.

That is the broadest set of product announcements we have had probably in our history.

What is interesting is these products span from the highest servers down to alter books to tablets and smartphones.

It is an incredibly broad portfolio.

You get devices that are $99 and up.

It is a broad portfolio.

Your chips are in the news, but that is not getting great reviews.

When are we going to see intel in a flagship device?

I think the galaxy is a flagship device and this is a journey for us.

We have some great rocks in the market today.

This is really where that process technology leadership, that manufacturing leadership plays and.

If we have that advantage over the rest of the industry, we can be in devices that are more powerful and power efficient at lower costs.

It is our competitive advantage.

Last quarter you did downgrade your forecast because of weak demand in the pc market.

Are you bracing for long-term weakness in the pc market?

Long-term drops?

Or do you think it will stabilize?

I think the market is going to evolve.

This is not the first time that has happened.

When i look forward, i think it will be less and less the classic big box pc that sits under a desk or a large notebook and more and more these personal devices.

The categories we see now are the 2 in 1's as well as these very personal devices.

We now have a product lines that spans across those.

You do not want to lose sight of the fact that all of these devices are computing, connecting to the internet, and the driving a buildout of the cloud infrastructure.

We are uniquely situated in that business.

One last question.

We heard you are pulling back on plans to do something tv related.

What can you tell us about that?

We have a product we have been developing.

I have had a chance to play with the product.

It is a spectacular product.

We are not being specific about launch dates but it is a really good product.

The key for us is to have the content lined up so it is a good experience.

At the end of the day, it is all about getting those subscribers and those viewers.

We are looking or were to hearing more about those plans.

Thank you for joining us today on "bloomberg west." we will be right back in just a moment.

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This text has been automatically generated. It may not be 100% accurate.

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