Wednesday, January 21, 2009

Guide Intel has been unable to provide a financial forecast for the quarter.

Intel company could complete the first quarter of 2009 with losses. In doing so, for the first time in 34 years, the leaders were unable to Intel's financial forecast for the quarter. That was reported by Bloomberg, with reference to internal correspondence Intel.
According to Intel CEO Paul Otellini (Paul Otellini), the last 87 quarters (20 years) have been profitable for Intel. However, the outcome of the first quarter of 2009 is still too early to predict. Otellini also pointed out that companies face a very difficult six months.
Moreover, in his message, the head of Intel said that the company refused to award employees and their career advancement. Otellini also said that more selective will be the recruitment of new staff.
A week ago, Intel unveiled the financial results last quarter of 2008. According to them, the company quarterly earnings fell by 90 per cent to 234 million dollars.
Then the leaders of Intel stressed that the sharp decline in income was not a surprise for them. They said that Intel is not the first time faced with a crisis, and knows how to successfully emerge from it.

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