{"id":550565,"date":"2006-10-19T07:22:35","date_gmt":"2006-10-19T07:22:35","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/technology\/550565-intel-profit-down.html"},"modified":"2006-10-19T07:22:35","modified_gmt":"2006-10-19T07:22:35","slug":"intel-profit-down","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/550565-intel-profit-down.html","title":{"rendered":"Intel profit down"},"content":{"rendered":"

Intel<\/a> , which has been struggling in the face of competition and shifting technology demands, said the profit excluding special items and stock compensation amounted to 27 cents a share, well ahead of the average Wall Street forecast of 17 cents. <\/font><\/p>\n

Revenue for the three months to September 30 fell 12% from a year ago to 8.7 billion dollars. <\/font><\/p>\n

"We’re pleased with the results of the third quarter, with record mobile and server processor shipments, strong manufacturing execution, industry acclaim for our new products, and quad-core processors now extending our leadership this quarter," said Intel president and chief executive Paul Otellini. <\/font><\/p>\n

The results included charges related to a restructuring plan at Intel that includes cuts of some 10,500 workers from a payroll of 99,000 people worldwide. <\/font><\/p>\n

The company also had to write off older processor inventory worth about 100 million dollars. <\/font><\/p>\n

In July Intel shuffled management on the heels of a lacklustre earnings report and the dismissal of 1,000 managers at its facilities worldwide. <\/font><\/p>\n

Intel’s drive to trim costs and improve efficiency came as it waged a price war with Silicon Valley rival Advanced Micro Devices <\/a>(AMD). <\/font><\/p>\n

Intel is moving into so-called quad-core processors, aimed at handling more computing tasks, in an effort to stay ahead of its rival. <\/font><\/p>\n

In its earnings report, Intel acknowledged that profits were being squeezed by tough competition in chips for computers, which have seen prices fall. <\/font><\/p>\n

"Pricing remained competitive, notably in the desktop segment," the company said. <\/font><\/p>\n

In the fourth quarter, Intel said it sees revenues in a range of 9.1 billion to 9.7 billion dollars – which would be down from 10.2 billion in 2005, and gross profit margins of around 50%. <\/font><\/p>\n

The Santa Clara, California company said it plans to spend between 2.7 billion and 2.8 billion dollars on research and development in the coming quarter. <\/i><\/font><\/p>\n

Inet-Bridge<\/font> <\/i><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Intel Corp., the world’s biggest computer chipmaker, said its third-quarter profit fell 35% from a year ago to 1.3 billion dollars, but topped Wall Street forecasts. <\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-550565","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/550565"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=550565"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/550565\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=550565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=550565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=550565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}