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Oracle Strikes $1.9B Cloud Deal 4 hrs ago
CNBC's Jon Fortt discusses Oracle's big cloud bet.

08 Feb 2012

CNBC's Jon Fortt has the details from Cisco's conference call, reporting the company expects to see Q3 revenue growth of 5%-7%. Also the Fast Money traders with the second derivative play on Cisco's strong earnings.

Cisco & News Corp Report Earnings

08 Feb 2012

CNBC's Jon Fortt; Shaw Wu, Sterne Agee; and Mark Sue, RBC Capital Markets, discuss Cisco's latest earnings. Also, the update on News Corp's earnings, with CNBC's Julia Boorstin.

Apps Give Jolt to U.S. Jobs 08 Feb 2012
CNBC's Jon Fortt explains how the app trend is not just unique to Silicon Valley, but it's growing nationally too.

Today in Tech: Yahoo's Board Shakeup & Cisco Earnings

08 Feb 2012

Yahoo's board shakeup won't derail talks to spin off Asian assets, and Cisco earnings are particularly important when it comes to how John Chambers manages expectations, with CNBC's Jon Fortt.

Massive Shake-Up at Yahoo

07 Feb 2012

CNBC's Seema Mody and Jon Fortt have the details on a massive shake-up at Yahoo, with four board members leaving. Also, New York's AG abruptly cancelled a news conference over foreclosure abuses; new data shows bankruptcy filings fell 11.5% in 2011; and auditors say the new price tag for the rebuilding of the World Trade Center is almost $15 billion.

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Feb.10

5:06 PM ET

Tuesday, 10 Feb 2009

Intel's Otellini Talks To Me About Big Expansion

Posted By:Jim Goldman

Sectors:Software and Computer Services | Software | Telecommunications | Internet | Technology

Companies:KLA-Tencor Corp | Applied Materials Inc | Intel Corp

CNBC.com
I just got finished speaking with Paul Otellini, Intel's CEO [INTC Loading... () ] , about his company's massive expansion plans, announced earlier today, and he tells me while his news wasn't enough to turn red ink into black on Wall Street, it did bring a smile to the face of at least one person.

He received a call last night from President Obama, who after reading Otellini's prepared remarks to the Economic Forum in Washington, DC delivered this morning detailing Intel's plans, told Otellini that it was the first real piece of good economic news he had received since taking the oath of office.

Wall Street analysts had expected Intel to spend over $5 billion in capex this year. The company will increase that by 40 percent, spending most of it domestically, with the prime beneficiaries being the top names in chip equipment, including Applied Materials [AMAT Loading... () ] (reporting earnings tonight and suffering badly from the Recession) and KLA-Tencor [KLAC Loading... () ] .

Otellini tells me that analysts shouldn't read in today's news as a referendum about Intel's performance during the current quarter, as worries about the possibility of Intel swinging to its first loss in 87 quarters; he says this investment is about the future.

You can watch the full interview with Otellini here.