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.
News
-
Framework Laptop 13 Pro Competes with the Best
Framework has released what might be considered the MacBook of Linux devices.
-
The Latest CachyOS Features Supercharged Kernel
The latest release of CachyOS brings with it an enhanced version of the latest Linux kernel.
-
Kernel 7.0 Is a Bit More Rusty
Linux kernel 7.0 has been released for general availability, with Rust finally getting its due.
-
France Says "Au Revoir" to Microsoft
In a move that should surprise no one, France announced plans to reduce its reliance on US technology, and Microsoft Windows is the first to get the boot.
-
CIQ Releases Compatibility Catalog for Rocky Linux
The company behind Rocky Linux is making an open catalog available to developers, hobbyists, and other contributors, so they can verify and publish compatibility with the CIQ lineup.
-
KDE Gets Some Resuscitation
KDE is bringing back two themes that vanished a few years ago, putting a bit more air under its wings.
-
Ubuntu 26.04 Beta Arrives with Some Surprises
Ubuntu 26.04 is almost here, but the beta version has been released, and it might surprise some people.
-
Ubuntu MATE Dev Leaving After 12 years
Martin Wimpress, the maintainer of Ubuntu MATE, is now searching for his successor. Are you the next in line?
-
Kali Linux Waxes Nostalgic with BackTrack Mode
For those who've used Kali Linux since its inception, the changes with the new release are sure to put a smile on your face.
-
Gnome 50 Smooths Out NVIDIA GPU Issues
Gamers rejoice, your favorite pastime just got better with Gnome 50 and NVIDIA GPUs.