Intel Reports Fourth-Quarter Travesty
Thu, Jan 15th, 2009 |
Intel investors are this afternoon drowning their sorrows in shots of Mylanta, now that the company has reported a steep drop in profit and overall sales for its fourth quarter. Profits plunged 90 percent to $234 million, or four cents a share, for the quarter. This in stark contrast to the same period the previous year, in which it earned $2.3 billion, or 38 cents a share.
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