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Intel Profit Falls 55%; CEO Says PC Sales Have ‘Bottomed Out’ April 14, 2009

Posted by HubTechInsider in Uncategorized.
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From the Wall Street Journal:

“Intel’s first-quarter net income dropped 55% on lower sales and margins, but the computer-chip giant’s CEO said PC sales bottomed out during the quarter and the industry is returning to normal seasonal patterns.

The company declined to provide a formal outlook, but said that for internal purposes, it sees second-quarter revenue being about flat with the first quarter.

Intel is the first major high-tech company to post results for a period that has seen falling demand. The company’s results are expected to offer the best early indication of how far off the industry is from some level of stabilization.”

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