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".

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