Intel's Earnings: Morning Tech Bytes

NEW YORK ( TheStreet) -- Intel ( INTC) rose 1.3% in pre-market trading Friday as the company beat Wall Street estimates for its fourth quarter earnings.

The chip giant generated revenue of $11.5 billion, up from $10.6 billion in the same period last year and above analysts' expectations of $11.37 billion.

Excluding items, Intel earned 59 cents a share, up from 55 cents a share in the prior year's quarter. Analysts surveyed by Thomson Reuters had estimates earnings of 53 cents a share.

SAP ( SAP) fell 1.5% in pre-market trading to $53.77 as the business software company announced fourth quarter earnings above expectations, but said a $1.3 billion jury verdict it must pay to Oracle ( ORCL) would have a "significantly negative impact" on its profit.

Social gaming company Zynga's CityVille game for Facebook is the fastest-growing game of all time, reaching 100 million users just 43 days after its launch, according to market analyst AppData. CityVille allows users to build and run their own city, featuring restaurants, stores, and schools.

Groupon is talking with bankers this week about a $15 billion IPO, according to the New York Times. The daily deals company turned down a $6 billion acquisition offer from Google ( GOOG) late last year.

Online music company Pandora is also reportedly exploring an $100 million IPO and held a meeting to select underwriters on Tuesday, CNBC reported.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to http://twitter.com/Ozoran.

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