Intel's Profits Plummet

Feb 13, 2008
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Intel's Profits Plummet


The slowing demand for computers has knocked Intel [http://www.intel.com/]'s profits from $2.3 billion to $234 million in the last quarter.

The Christmas period is usually a boom time for Intel, with children holding their parents hostage for a new computer, but the chip manufacturer suffered a 90% drop in profits as sales slid 23% down to $8.2 billion.

Even the New Year won't see any great improvements; the company has only predicted sales of $7 billion for this first quarter.

For the fourth largest chip manufacturer in the world, this is dire news, but it's not all due to lower sales: $1 billion of the lost profits was due to a writedown value of Intel's investment in Clearwire [http://www.clearwire.com/].

Clearwire is working on a wireless broadband that can be incorporated into chips, but there are fears that the credit crunch and the growing popularity of smaller net-book computers, which use lower profit margin processor chips, will impede its business plans.

Source: BBC courtesy of SilentD [http://news.bbc.co.uk/1/hi/business/7832361.stm]
(Image) [http://www.flickr.com/photos/25856018@N00/2739373423/]

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Murmur95

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Sep 18, 2008
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maybe you guys should stop reporting bad news like this because you are only going to make it worse.

When people hear how intel's sales drop they are going to be less inclined to buy and then that would mean cutting jobs which thoes people will not buy stuff which means more jobs are cut.

you guys should start trying to find some positive news instead
 

Singing Gremlin

New member
Jan 16, 2008
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Murmur95 said:
maybe you guys should stop reporting bad news like this because you are only going to make it worse.

When people hear how intel's sales drop they are going to be less inclined to buy and then that would mean cutting jobs which thoes people will not buy stuff which means more jobs are cut.

you guys should start trying to find some positive news instead
Much as I agree in theory, not reporting news because it isn't good news isn't really a philosophy I can bring myself to agree with...
 

Gxas

New member
Sep 4, 2008
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Murmur95 said:
maybe you guys should stop reporting bad news like this because you are only going to make it worse.

When people hear how intel's sales drop they are going to be less inclined to buy and then that would mean cutting jobs which thoes people will not buy stuff which means more jobs are cut.

you guys should start trying to find some positive news instead
Theory is in good nature, but the world isn't a wonderful happy place. This is reported on because it is news. In fact, this is gaming related news and people on these forums come here to read stories like this.
 

man-man

Senior Member
Jan 21, 2008
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AMD and Intel are both hurting... hopefully neither of them really tank - having both companies going strong keeps the market fairly balanced and the improvements rolling. Having one company dominate helps no-one but that company.