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 45_SI: LibreOffice Expert 2022/23 Edition/Special Editions
Buy this issue as a PDF
News
-
System76 is Skipping Pop!_OS 22.10
In a move that is sure to raise some eyebrows, System76 has chosen to concentrate on COSMIC Desktop instead of staying in step with Ubuntu releases.
-
System76 Refreshes its Thelio Desktop Computer
System76 has given their already stellar Thelio desktop computer a redesign by way of the chassis accent panel.
-
Ubuntu Software Store Rumored to Replace Gnome Software
An alternative to GNOME Software has been written, using Flutter, and it’s making enough noise that Canonical is rumored to be considering using it as the default.
-
A New Arch-Based Linux Distribution Has Arrived
Crystal Linux is a new distribution with the goal of bringing the power of Arch Linux to the masses.
-
Fedora 37 Beta Available
The Fedora development team announced the beta for version 37 of the open-source operating system would be released on time on September 13, 2022.
-
Salix 15.0 Offers Updates and a Modernized Look
Salix is a Slackware-based Linux distribution with a new look and a goal of being fast, user-friendly, and highly stable.
-
Ubuntu 20.04.5 LTS Release Now Available
The latest point release of the Ubuntu 20.04 LTS distribution is now available and sports kernel 5.15.
-
MX Linux 21.2 Offers Improvements and Bug Fixes
MX Linux 21.2, aka “Wildflower,” is now officially available and is the second refresh of the MX-21 release.
-
Gnome Project Releases New Telemetry Data Collection Tool
The GNOME developers have announced the release of a new tool to collect anonymous information about your system.
-
Kubuntu Focus Announces New Desktop Model
The Kubuntu Focus team has announced their newest system would be a small form factor desktop optimized for Kubuntu 22.04.