Intel Fourth-Quarter Sales Drop 23%, Missing Forecast 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. http://www.bloomberg.com/apps/news?p...d=aKtFOabJYQhI |
Announcing these numbers the day before CES?!? What horrible timing! :o |
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. |
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