Intel’s revenue drops in fourth quarter
Weaker demand for computers cuts revenue 23%
By Jim Carbone -- Purchasing, 1/7/2009 5:27:00 PM
The electronics industry downturn is affecting most electronics companies, including semiconductor giant Intel in Santa Clara, Calif., which today reports that its fourth-quarter revenue fell 23% from the same period a year earlier because of weaker computer demand and inventory cutbacks by computer OEMs. Intel, which owns about 80% of the global microprocessor market, says it had revenue of $8.2 billion. Its gross margin was in the 55% range. In the fall, Intel had cut its sales expectations by more than $1 billion, to about $9 billion, plus or minus $300 million.
Also see: Intel says credit crises could slow chip demand, hurt suppliers
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