Tuesday, September 27, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Disney Working On Potential Twitter Bid: report
World's Largest Music Strem Ripping Site Faces Legal Action
Renault-Nissan and Microsoft Partner to Deliver Connected Car Technologies
Adobe and Microsoft Partner in the Azure Cloud
Roku Launches The Smallest Set-Top Box Ever
HERE To Offer Live Traffic Services Based On Data Gathered by Other Cars
JDI Develops 12.3-inch Curved LCD for Automotive Applications
Snapchat Introduces 'Spectacles' Camera-equipped Glasses, Changes Company name To Snap
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
Samsung Narrows Gap With Intel In Semiconductor Industry Ranking
Intel Raises Third-Quarter Revenue Expectations
TPG to Buy Intel's McAfee Security Unit
Intel to Buy Movidius To Accelerate Computer Vision Through RealSense
Intel 7th Generation Kaby Lake Processors Released
Intel Introduces New 3D NAND SSDs
Intel to Accelerate Altera, Autonomous Driving
Nvidia Says Intel Is Misleading With Outdated Deep Learning Benchmarks
Intel Says USB-C Audio Could Kill Traditional Headphone Jacks
2016 IDF: From Virtual Reality to Artificial Intelligence to 5G
IDF: Intel Talks About Upcoming Kaby Lake Processors And Optane SSDs
Intel To Produce 10nm ARM-based Chips LG, Others

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 .