Intel and Acer announced a new Atom-powered Android smartphone at an event in Thailand. Dubbed Acer Liquid C1, the new device uses Intel’s latest mobile Intel Atom Z2420 chipset (codenamed Lexington) clocked at 1.2GHz, which was only recently announced at CES. In addition, it also comes with a 4.3-inch qHD (540×960 pixels) screen and 8-megapixel camera with auto-focus. Android 4.0 Ice Cream Sandwich (rather than Jelly Bean) is running the show and we’re really not sure whether the Android 4.1 update will ever be released. As far as I can tell, this phone should be able to handle it, though you never know.

When it comes to the price, the Liquid C1 will go for 9,990 baht, which translates into some $335. Initially it will be available in Thailand, and later on in other South Asian countries. We don’t know whether it will ever be released in the West, though… and honestly, we’re not craving for it that much.

(Via: GSMarena)

Intel on Thursday reported a full-year revenue of $53.3 billion, an operating income of $14.6 billion, a net income of $11 billion and earnings per share (EPS) of $2.13.

The company generated approximately $18.9 billion in cash from operations, paid dividends of $4.4 billion and used $4.8 billion to repurchase 191 million shares of stock, it said.

For the fourth quarter, Intel posted a revenue of $13.5 billion, an operating income of $3.2 billion, a net income of $2.5 billion and EPS of $0.48. The firm generated approximately $6 billion in cash from operations, paid dividends of $1.1 billion and used $1 billion to repurchase 47 million shares of stock.

“The fourth quarter played out largely as expected as we continued to execute through  a challenging environment,” said Paul Otellini, President and CEO, Intel. “We made tremendous progress across the business in 2012 as we entered the market for smartphones and tablets, worked with our partners to reinvent the PC, and drove continued innovation and growth in the data centre.

“As we enter 2013, our strong product pipeline has us well positioned to bring a new wave of Intel innovations across the spectrum of computing.”

While the overall outlook for Intel was good, some of its groups were down on 2011, according to the report. The PC Client Group, for example, had a revenue of $34.3 billion, down 3% from 2011. And the firm’s Other Intel Architecture Group saw revenues of $4.4 billion, down 13% from 2011. The Data Centre Group, however, was up 6 per cent on 2011, with revenue of $10.7 billion, the firm said.

For its 2013 outlook, Intel predicted a low, single-digit percentage increase in its full-year revenue. It expects to spend $18.9 billion, plus or minus $200 million, on R&D and MG&A, and to have a full-year capital spending of $13 billion, plus or minus $500 million, the company said.

In the short term, Intel said that it expects to generate $12.7 billion in revenue, plus or minus $500 million, during Q1 2013.