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Intel Fourth-Quarter Sales Drop 23%, Missing Forecast Intel Fourth-Quarter Sales Drop 23%, Missing Forecast
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Intel Fourth-Quarter Sales Drop 23%, Missing Forecast
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Old 7th January 2009, 19:17   #1
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Default 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.
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Old 7th January 2009, 19:59   #2
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Announcing these numbers the day before CES?!? What horrible timing!
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Old 7th January 2009, 20:47   #3
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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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