Intel is Restructuring
Posted on | April 29, 2006 | No Comments
Facing for the first time the real possibility of becoming the #2 player in microprocessors, Intel CEO Paul Otellini yesterday revealed that Wednesday’s earnings news was a wake-up call for him and his company.
In earnings numbers released Wednesday, Intel stated that for its fiscal first quarter just ended, operating income dropped a staggering 44% compared to Q1 2005, to $1.7 billion, on revenue that dropped only 5% year-over-year to $8.9 billion.
Source: TGDaily
Category: Daily Dose, The Internet
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