Intel Fourth-Quarter Sales Drop 23%, Missing Forecast

jmke · 7th January 2009, 20:17

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

Shogun · 7th January 2009, 20:59

Announcing these numbers the day before CES?!? What horrible timing!

Kougar · 7th January 2009, 21:47

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.

7th January 2009, 20:17	#1
jmke Madshrimp Join Date: May 2002 Location: 7090/Belgium Posts: 82,473	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 __________________

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7th January 2009, 20:59	#2
Shogun [M] Reviewer Join Date: Dec 2007 Location: Calif. Bay Area, USA Posts: 1,748	Announcing these numbers the day before CES?!? What horrible timing!

7th January 2009, 21:47	#3
Kougar Member Join Date: Jun 2006 Posts: 1,640	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.