Friday, February 27, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Lenovo Offers Free McAfee LiveSafe Following Superfish Security Concerns
Yahoo Gains Search Share
Twitter To Offer More User Safety Features
Google to Start Ranking Mobile-friendly Sites Higher
Qualcomm Extends LTE to Unlicensed Spectrum to Enhance Mobile Experiences
Toshiba Develops Multicore SoC For Image-Recognition Applications
Samsung Says Semiconductor Technology Can Easily Scale Down to 5nm
Ericsson Sues Apple Over Patent Infringement
Active Discussions
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
need help on some cd burning...
Why Double Logins ?
 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."


Previous
Next
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 Introduces New Brand Levels for the Intel Atom Processor
Intel's 'Skylake' Chips Coming This Year
Intel Buys IoT Chip Maker Lantiq
Intel 5th Generation vPro Processors Released
Intel Releases New 20nm SSDs For Data Centers
Latest Intel Graphic Driver Adds Support For 4K, VP9 Video Playback
Intel Reports Revenue Jump
Intel CEO Unveils Curie Module For Wearable Solutions
Intel 5th Generation Broadwell Processors Arrive, Cherry Trail Shipping
Intel, IBM Follow Different Strategies On 14nm FinFET
Intel Unifies and Simplifies Connectivity for IoT
TSMC To Make Intel's SoFIA Handset Chips

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 .