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."
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
![Learn More](https://www.linux-magazine.com/var/linux_magazin/storage/images/media/linux-magazine-eng-us/images/misc/learn-more/834592-1-eng-US/Learn-More_medium.png)
News
-
NVIDIA Released Driver for Upcoming NVIDIA 560 GPU for Linux
Not only has NVIDIA released the driver for its upcoming CPU series, it's the first release that defaults to using open-source GPU kernel modules.
-
OpenMandriva Lx 24.07 Released
If you’re into rolling release Linux distributions, OpenMandriva ROME has a new snapshot with a new kernel.
-
Kernel 6.10 Available for General Usage
Linus Torvalds has released the 6.10 kernel and it includes significant performance increases for Intel Core hybrid systems and more.
-
TUXEDO Computers Releases InfinityBook Pro 14 Gen9 Laptop
Sporting either AMD or Intel CPUs, the TUXEDO InfinityBook Pro 14 is an extremely compact, lightweight, sturdy powerhouse.
-
Google Extends Support for Linux Kernels Used for Android
Because the LTS Linux kernel releases are so important to Android, Google has decided to extend the support period beyond that offered by the kernel development team.
-
Linux Mint 22 Stable Delayed
If you're anxious about getting your hands on the stable release of Linux Mint 22, it looks as if you're going to have to wait a bit longer.
-
Nitrux 3.5.1 Available for Install
The latest version of the immutable, systemd-free distribution includes an updated kernel and NVIDIA driver.
-
Debian 12.6 Released with Plenty of Bug Fixes and Updates
The sixth update to Debian "Bookworm" is all about security mitigations and making adjustments for some "serious problems."
-
Canonical Offers 12-Year LTS for Open Source Docker Images
Canonical is expanding its LTS offering to reach beyond the DEB packages with a new distro-less Docker image.
-
Plasma Desktop 6.1 Released with Several Enhancements
If you're a fan of Plasma Desktop, you should be excited about this new point release.