Wednesday, October 15, 2008
Intel issues financial warning #!
"As we look to the fourth quarter, it is hard to know what impact the financial crisis will have on end customer demand," he said.
How bad can it get?
""People expect the worst,"" said Doug Freedman of American Technology Research in San Francisco, speaking of Intel earnings, which are due on Tuesday and come against a backdrop of dismal economic news that has sent stocks down
Regarding stocks, Intel have lost a half of shares value, since this year beginning.
Seems like it faces perfect desert storm.
Add to that certain legal blow up from EU. Because time is out.
Intel has asked the European Union's second highest court for more time to respond to EU charges that it paid a retailer to favour PCs using its computer chips. The "statement of objections" the Commission filed in July was on top of charges in 2007 that Intel gave computer makers rebates to limit their use of AMD chips or avoid them altogether.
