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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

This entry was posted on Saturday, April 29th, 2006 at 11:52 am and is filed under Daily Dose, The Internet. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.