Wednesday, April 15, 2009
Better than expected: Intel's revenue down 27%, profits DOWN 57%
Intel has published his results for the first quarter of 2009. At this period Intel generated 7.1 billion revenue (-27%) and 0.6 billion profit (-57%). Compared to the quarter last year, the results are bad, but they are better than expected.
Why? Because Intel boss Otellini warned of first loss in 21 years
Thus: "I believe the worst is behind us".