Intel Reports Huge Fourth-Quarter Losses
U.S. chipmaker Intel reports a fourth-quarter 2009 revenue of $8.23 million that is 19% less than the previous quarter and 23% down from a year ago.
Intel's fourth-quarter net income was $234 million, a huge drop from the $1.8 billion of the previous quarter. Compare that with the $2.27 billion net profit in the same 2008 quarter.
Fiscal year 2008 showed a revenue of $37.5 billion, 2% less than the previous year. The gross income margin was 55%, 3.5% higher than in 2007. Net earnings for 2008 were $5.59 billion.
Intel had predicted a decline even before the results emerged. They knew that microprocessor and chip sales were well under the third-quarter numbers and that the net loss from investments and interest had exploded, notably because of the Clearwire investment. Clearwire, experts in WiMax wireless broadband for which Intel makes chips, had lost 64% of its value in 2008, resulting in a $1 billion writedown.
Intel president and CEO Paul Otellini responded to the numbers with, "Intel has weathered difficult times in the past, and we know what needs to be done to drive our success moving forward."
Intel has kept hush on forecasts for the first quarter of 2009. As the business outlook section of their news release reports, "Due to economic uncertainty and limited visibility, Intel is not providing a revenue outlook at this time. For internal purposes, the company is currently planning for revenue in the vicinity of $7 billion."
Issue 269/2023
Buy this issue as a PDF
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Find SysAdmin Jobs
News
-
MNT Seeks Financial Backing for New Seven-Inch Linux Laptop
MNT Pocket Reform is a tiny laptop that is modular, upgradable, recyclable, reusable, and ships with Debian Linux.
-
Ubuntu Flatpak Remix Adds Flatpak Support Preinstalled
If you're looking for a version of Ubuntu that includes Flatpak support out of the box, there's one clear option.
-
Gnome 44 Release Candidate Now Available
The Gnome 44 release candidate has officially arrived and adds a few changes into the mix.
-
Flathub Vying to Become the Standard Linux App Store
If the Flathub team has any say in the matter, their product will become the default tool for installing Linux apps in 2023.
-
Debian 12 to Ship with KDE Plasma 5.27
The Debian development team has shifted to the latest version of KDE for their testing branch.
-
Planet Computers Launches ARM-based Linux Desktop PCs
The firm that originally released a line of mobile keyboards has taken a different direction and has developed a new line of out-of-the-box mini Linux desktop computers.
-
Ubuntu No Longer Shipping with Flatpak
In a move that probably won’t come as a shock to many, Ubuntu and all of its official spins will no longer ship with Flatpak installed.
-
openSUSE Leap 15.5 Beta Now Available
The final version of the Leap 15 series of openSUSE is available for beta testing and offers only new software versions.
-
Linux Kernel 6.2 Released with New Hardware Support
Find out what's new in the most recent release from Linus Torvalds and the Linux kernel team.
-
Kubuntu Focus Team Releases New Mini Desktop
The team behind Kubuntu Focus has released a new NX GEN 2 mini desktop PC powered by Linux.