Intel has had a good year on the processor market and even if the arch rival AMD has been fighting on with lower prices as its main weapon, the chip giant has felt stronger than in a long time. But not even Intel is invincible and the economic situation is starting to affect Intel as analysts are saying that they have changed the company revenue outlook. Craig Berger at FBR Captial Markets has reevaluated its analysis after that AMD recently announced that its income for the fourth quarter is 25% lower than for the third quarter.
It seems unavoidable that also Intel would be affected by the economic depression and with a lower company income Berger believes Intel will have to let go 6-7 percent of the workforce, around 5000 to 6000. but the number might go even higher.
“Berger lowered his 2009 revenue estimate for Intel to between $34.3 billion and $35.1 billion and dropped his earnings per share projection to 85 cents from 95 cents.”
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