Tuesday, February 21, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Dominates VR Headset Shipments But Samsung Gets The VR Revenues
Intel Announces 5G Mobile Trial Platform
Verizon and Yahoo Agree to Lowered $4.48 billion Deal
New Snapdragon X20 LTE Modem Is Paving the Way for 5G
TrendForce Sees Three New iPhones Coming This Year, Including AMOLED Model With 3D Facial Recognition Function
New LG X400 Smartphone Launches In Korea
Samsung to Exhibit New VR Projects at Mobile World Congress 2017
Intel Optane Memory Products Will Run Only On Systems With 7th Generation Intel Processors
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

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 Announces 5G Mobile Trial Platform
Intel Optane Memory Products Will Run Only On Systems With 7th Generation Intel Processors
Intel Is Offering New Integrated and Automated Security Solutions
Intel Unveils New FPGA for Industrial and Automotive Markets
Intel Says 8thGen Core Is Coming On 14nm, Talks About Datacenter and Optane
Intel Touts Record Performance Of New 24-core Xeon Processor E7-8894 v4
Intel's Fab 42 will Target Advanced 7 nm Technology
ISSCC: Intel Presents 2.5D FPGA, AMD Details Upcoming Zen x86 Core
Intel Unite Gets More Capabilities
Carnegie Mellon Artificial Intelligence Beats Top Poker Pros
Intel Sees Sales Growth on Data Centers, PC Demand, Proceeds Outlines Plans For Optane Memory And 7nm Chips
Apple To Join Amazon, Google, Facebook in AI Group

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .