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 237/2020
Buy this issue as a PDF
News
-
Purism Launches a Mini PC
The makers of the Librem line of Linux-based laptops have released a mini PC.
-
openSUSE Leap 15.2 Adds AI Machine Learning
With the new release of openSUSE Leap comes some exciting new features, including machine learning.
-
Google’s Nearby Sharing Could Work with Linux
Google’s answer to Apple’s AirDrop feature is rumored to work with the Linux desktop.
-
System76 Launches Ryzen-Powered Laptop
The new System76 Serval WS includes a powerful AMD Ryzen CPU.
-
Linux Mint Drops Snap
Linux Mint has officially dropped their support for Canonical’s snap packages.
-
Lenovo Upping Their Linux Support
Lenovo is now offering full certification and Linux preinstalled hardware.
-
LPI Launches FOSSlife Website
Linux Professional Institute launches FOSSlife, a website for the FOSS community.
-
Tuxedo Computers Joins the Ryzen Bandwagon
Tuxedo Computers has released the Tuxedo Boot BA15 with an AMD Ryzen 3500 CPU.
-
Linux Apps on Windows Is Coming
Linux GUI apps will be coming to Windows Subsystem for Linux.
-
Linux Usage Is on the Rise
According to NetMarketShare, Linux saw a significant bump in usage during April.