Intero changes ownership in Salinas, Vacaville
Salinas – Intero Real Estate Services announced today that Jerry Kiss, one of the company’s most successful franchise owners, has taken over ownership of its Salinas and Vacaville offices. Kiss has been with Intero since its founding in 2002 and is one of the key individuals who helped build the company into the fastest growing real estate brokerage in the country. He opened his first Intero office in Stockton in 2005, and with the addition of Salinas and Vacaville, Kiss is now the owner-manager of seven locations in the Monterey Bay region and beyond.
“We’re building a network of offices on the Monterey Peninsula to better service our clients, wherever they are,” said Kiss. “Intero stretches from Santa Cruz to Carmel, and each location has experienced, local agents who understand their individual markets better than anyone. That’s what has made us so successful here. With Vacaville, we’ll now be able to put that experience to work in the North.”
As part of the changeover, both the Salinas and Vacaville office interiors will be redesigned, and Vacaville will be expanded from its current 1,000 square feet to 2,000 square feet. At full capacity, each location will have 20-25 local, experienced agents onsite.
The offices will continue to offer a suite of real estate and mortgage services to assist individuals in the buying or selling of their home, and provide customers the highest level of personal attention and commitment to quality service that has become a trademark of Intero. Agents and financial consultants are available onsite seven days a week, and individuals are welcome to walk in or make and appointment to speak with any of Intero’s people, who can offer advice and guidance for their real estate matters.
Intel profit falls 38 percent
San Francisco – Intel Corp.’s first-quarter profit fell 38 percent Wednesday as PC sales slowed and the world’s largest chip maker continued to face stiff competition from smaller rival Advanced Micro Devices Inc.
Still, the results met Wall Street’s lowered expectations, and Intel shares rose 1.3 percent in after-hours trading.
For the three months ended April 1, Santa Clara-based Intel reported net income of $1.35 billion, or 23 cents a share, compared with $2.18 billion, or 35 cents, in same period last year. Sales fell 5 percent to $8.94 billion from $9.43 billion.
eBay matches estimates
San Francisco – Online auctioneer eBay Inc. on Wednesday matched analysts’ earnings estimates for the first quarter and reiterated its outlook for the remainder of the year, disappointing investors expecting bigger things from the e-commerce bellwether.
The San Jose, Calif.-based company said it earned $248.3 million, or 17 cents per share, during the three months ended in March. That represented a 3 percent decrease from net income of $256.3 million, or 19 cents per share, at the same time last year.
EBay accounted for the two quarters much differently because of new rules requiring publicly held companies to deduct the costs of their employee stock options from their profits.
