Saturday, October 20, 2012

Intel must fend off trouble from sluggish PC market

With Intel reporting a year-over-year drop in revenue and profit for its third quarter, industry analysts say the company isn't in trouble but it needs to ward it off -- and now.

Late on Tuesday, Intel execs blamed a tough global economy and the rise of the tablet for a tough Q3 report. The company reported that profit for the quarter ending Sept. 29 came in at $2.97 billion, compared to $3.47 billion in the same quarter in 2011.

Source: https://www.infoworld.com/d/the-industry-standard/intel-must-fend-trouble-sluggish-pc-market-205121?source=rss_the_industry_standard

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