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Intel Profit Drops
Steve Gibson
17
Oh my this one isnt pretty. Intel Corp has just announced that their company net revenue has dropped 77 percent for the quarter. They are projecting a pretty respectable 4th quarter but dont offer up a heck of a lot of explanation on the huge drop for this quarter:

Intel (Nasdaq:INTC - news) said that net income before acquisition-related costs fell to $655 million, or 10 cents a share, from $2.89 billion, or 43 cents, a year ago, which included 7 cents a share in acquisition-related costs. Sales declined 25 percent to $6.5 billion from $8.73 billion.

The AMD earnings conference is scheduled for tomorrow.

Steve Gibson is the cofounder of Shacknews.com. Originally known as sCary's Quakeholio back in 1996, Steve is now President of Gearbox Publishing after selling Shacknews to GameFly in 2009.

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