Semiconductor giant Intel Corp. (NASDAQ – INTC – $25.69) said net income rose 6.4% for the period ended in December, while revenue rose 2.6%. The company’s closely watched gross profit margin was 62% in the quarter, compared with its prior projection of about 61%. The company reported net income for the period of $2.63 billion, or $0.51 per share, a penny below expectations and compared with the year-earlier period of $0.48 a share. Revenues rose to $13.83 billion from $13.48 billion, and better than the $13.7 billion pegged by Wall Street. The company’s conference call centered much around stabilization in the weak PC business, where Intel still gets a large percentage of its revenue and earnings. Although the new CEO, Brian Krzanich, is planning on ramping up the mobile and tablet semiconductor market, I was hoping for more specifics. For the current first quarter, INTC is projecting revenue of $12.3 billion to $13.1 billion, about even with last year’s figure. Although 2014 looks to be a transition year for Intel, and the market – as usual – is focusing on the short-term, and the shares took a hit following the news after making some significant progress since its September’s lows. The dividend looks safe given the company’s ample cash flow and nearly $20 billion in cash on the balance sheet and the yield of 3.4% is well above the market average. I am going to continue to hold the shares in the income portfolio for what I see as worthwhile total returns to late decade.