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 43_SI: LibreOffice Expert/Special Editions
Buy this issue as a PDF
News
-
NixOS 21.11 Now Available for Download
NixOS “Porcupine” has been made available for installation and includes numerous improvements.
-
KDE Plasma Developers Introduce a GNOME-Like Overview
A new overview effect makes it easier for users to interact with both Plasma Activities and Virtual Desktops.
-
Rocky Linux 8.5 Now Available with Secure Boot Support
The latest iteration of CentOS alternative, Rocky Linux has arrived and includes numerous updates as well as support for Secure Boot.
-
System76 Developing a New Desktop Environment
The makers of Pop!_OS are currently in the early stages of creating a brand new, non-GNOME, desktop environment.
-
Hetzner Opens New Location in the USA
The Hetzner cost-effective Cloud solution has arrived in the United States to offer cloud servers that offer solid performance without a high price.
-
KDE Plasma 5.24 Introduces Fingerprint Reader Support
The next release of the KDE Plasma desktop environment will include support for fingerprint readers for session authentication and more.
-
Ubuntu 21.10 Released and Finally Includes Gnome 40
The most anticipated update to Ubuntu is finally here and the workflow couldn't be better.
-
Linux Can Now Run on Apple’s M1 Chipset
Linux users looking to take advantage of Apple Silicon are about to get their wish with the M1 chipset.
-
MX Linux 21 RC Candidate Available For Testing
The MX Linux development team has released the RC images for MX Linux 21 for testing purposes.
-
Fedora 35 is Shaping Up to Be an Impressive Release
Although the beta version of Fedora’s upcoming release is behind schedule, the Linux distribution is still slotted for October and will include numerous bug fixes and some exciting new features.