Friday, November 27, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NSA's Phone Surveillance Program Changes
Lenovo and Razer Partner to Make Gaming PCs
LG Display Makes Huge Investment in OLED Panels
Sony To Bring Remote Play Feature To PS4
MINIX NEO U1 Media Hub for Android Coming Next Week
Samsung Joins Audi’s Progressive SemiConductor Program
German ISPs May Block Music-sharing Sites: court
Study Says HTTPS Certificate and SSH Key Reuse Endangers Millions of Devices Worldwide
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > PC Parts > Intel's...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, January 16, 2009
Intel's Q4 Business Below Expectations

Intel announced today that fouurth-quarter business will be below the company's previous outlook; revenue is being affected by significantlty weaker demand and the PC supply chain has been aggressively reducing component inventories.

The chip maker reported that profit plunged 90 percent and sales slipped 23 percent during the last three months of the year. Intel reported a fourth-quarter revenue of $8.2 billion, operating income of $1.5 billion, net income of $234 million and earnings per share (EPS) of 4 cents.

Profits were squeezed by a freeze in information-technology spending and a shift toward low-margin processors for netbooks. The results also included a billion-dollar negative impact from the previously announced reduction in the carrying value of the company's Clearwire investments.

Clearwire specializes in WiMax technology that Intel is building into its chips.

PC demand is sinking fast, which takes its toll on Intel because Intel owns 80 percent of the market for microprocessors.

One area where Intel shines is controlling its manufacturing costs, where it enjoys a big advantage over smaller rival AMD. Intel's quicker transition than AMD to 45-nanometer manufacturing technology,has made each chip cheaper to produce. That has helped cushion the blow of falling sales.

AMD warned that its fourth-quarter sales will likely come in 33 percent lower than last year.

"The economy and the industry are in the process of resetting to a new baseline from which growth will resume," said Paul Otellini, Intel president and CEO. "While the environment is uncertain, our fundamental business strategies are more focused than ever. Intel will continue to extend its manufacturing leadership, drive product innovation, develop new markets and implement operating efficiencies that have already taken more than $3 billion out of our ongoing cost structure since 2006. Intel has weathered difficult times in the past, and we know what needs to be done to drive our success moving forward. Our new technologies and new products will help us ignite market growth and thrive when the economy recovers."

Wii Sells 10.17 Million Units - Break US record in 2008        All News        Nexus Releases WaveAir External PCI Cooling Solution
New Concept Of Magnetic Data Storage Could Tenfold the Magnetic Storage Density     PC Parts News      Nexus Releases WaveAir External PCI Cooling Solution

Get RSS feed Easy Print E-Mail this Message

Related News
Intel Optane Memory Products Coming Next Year
Intel Advances High Performance Computing System Designs
Intel Expands The Xeon processor D-1500 Product Family And Unveils New Ethernet Controllers
Google Open Sources TensorFlow Machine Learning System
Intel Unveils New IoT Platform
Facebook Reports Progress In Artificial Intelligence Research
Intel Introduces Smart Tiny House Concept For IoT Connected Devices
Intel To Invest In Non-Volatile Memory
Intel Xeon Processor E3-1200 v5 Family Powers New Entry-level Workstations
Intel-Powered Arduino 101 Board Coming Next Year
Intel Reports Flat Revenue Despite Low PC Sales
New Firmware For Intel 750 Series SSD MAkes Your PC Booy Up Faster

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .