Tuesday, December 06, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
U.S. Supreme Court Rules in Favor of Samsung in Smartphone Patent Suit
TSMC And IBM Detail Their 7nm Progress At 2016 IEDM
Oculus Touch Now Available
European Commission Approves Acquisition of LinkedIn by Microsoft, Subject to Conditions
Google To Go Completely Green Using Renewable Energy Only
Yahoo's 2016 Top Searched Celebrities, News Stories, Fashion Trends, and More
Western Digital Introduces Enterprise-Class HDDs and SSDs, 14TB SMR HDDs On The Way
HARMAN Invests in Navdy and Partners to Offer Aftermarket Augmented Reality Driving Device
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > Intel's...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, November 13, 2008
Intel's Fourth-Quarter Business Below Expectations


Intel cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt computer sales in the holiday season and beyond.

The company said that it expected fourth-quarter revenue to be $9 billion, plus or minus $300 million, lower than the previous expectation of between $10.1 billion and $10.9 billion. Revenue is being affected by significantly weaker than expected demand in all geographies and market segments. In addition, the PC supply chain is aggressively reducing component inventories, Intel said.

The company's expectation for fourth-quarter gross margin is now 55 percent plus or minus a couple of points, lower than the previous expectation of 59 percent plus or minus a couple of points, primarily due to lower revenue and other charges associated with the weaker-than-expected demand environment. Spending (R&D plus MG&A) is expected to be approximately $2.8 billion in the fourth quarter, lower than the previous expectation of approximately $2.9 billion, primarily due to lower revenue- and profit-related spending. For the full year, spending is expected to be approximately $11.4 billion, lower than the previous expectation of approximately $11.5 billion.

All other expectations are unchanged, Intel added.

From the close of business on Nov. 28 until publication of the company's fourth quarter results on Jan. 15, 2009, Intel siad that it would observe a "Quiet Period" during which the Business Outlook disclosed in the company's press releases and filings with the SEC should be considered to be historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.


Previous
Next
Sony Commercializes 12.25 Megapixel CMOS Image Sensor for Mobile Phones        All News        LG, Sharp, Chunghwa Say Guilty in LCD Case
Seagate Unveils Latest Storage Solution For Small Business     PC Parts News      AMD Announces "Shanghai" Platform, New 45nm Quad-Core AMD Opteron Processors

Get RSS feed Easy Print E-Mail this Message

Related News
Uber Creates AI Lab With Geometric Intelligence Acquisition
Intel Extreme Masters Season 11 World Championship Returns to Katowice, Poland
Intel Teams Up With Delphi and Mobileye for Self-Driving Cars
Go Master Cho Wins Final Game Against DeepZenGo AI Platform
Intel Unveils Strategy for Artificial Intelligence
Intel Prepares its AI Strategy, Announces New Xeon Chips And An FPGA Card
GE Buts Artificial Intelligence Startups
Intel Could Add Wi-Fi and USB 3.1 Support In Future Chipsets
Facebook Turns To AI To Offer New Experiences
Intel Announces Drone Designed For Light Shows
Intel to Buy VR Startup VOKE
Intel introduces Atom E3900 processors For IoT

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .