Recession Hits Intel Where It Hurts
Thursday, November 13th, 2008 12:51 am
from 
GigaOM
by Stacey Higginbotham
Read on original site
Read on original site
Well that didn’t take long. Intel after the close of markets today issued its fourth-quarter revenue forecast — something it had said it would do on Dec. 4 — and as expected, cut its guidance by some $1 billion, citing “significantly weaker-than-expected demand in all geographies and market segments.” The chipmaker now expects fourth-quarter revenue to be $9 billion, give or take $300 million, vs. a prior outlook of between $10.1 billion and $10.9 billion. The recession and drop in consumer spending are doing a number on the consumer electronics supply chain, and Intel is not immune.

Related posts
- No related posts.
Subscribes
Archives
-
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- November 1999
- January 1970
Sipy...
-
News, opinions and announcements about fast changing communication tools and technologies, from various blogs and ezine.
