Intel Fourth-Quarter Sales Drop 23%, Missing Forecast

@ 2009/01/07
The stock declined as much as 6.7 percent after Intel said revenue fell to $8.2 billion from $10.7 billion a year earlier. In November, Intel forecast that sales would be about $9 billion, compared with an earlier prediction of at least $10.1 billion. Plummeting sales at Intel, whose chips run about 80 percent of the world’s personal computers, signal falling demand across the technology industry.

Comment from Kougar @ 2009/01/07
Naw, it's great timing. Get the bad news over with as quickly as possible, while people are paying attention to CES or will quickly forget it in the flood of CES news.
Comment from Shogun @ 2009/01/07
Announcing these numbers the day before CES?!? What horrible timing!

 

 

Copyright © 2001-2011 Madshrimps, All rights reserved.
Graphic Design by Dennis Kestelle, Programming by Maarten Menten, Overall Site design by John Meys

All information and graphics contained in Madshrimps are sole property of the Madshrimps crew and may not be reproduced or copied in any manner without written permission from us.

Madshrimps