Intel Q3 profit falls 35%

[Slimy]

Intel Corp. today posted (download PDF) a third-quarter profit that fell by more than a third from a year earlier, as the world's biggest chipmaker felt the effects of price cuts and an inventory write-off.

Intel, which supplies the vast majority of chips that power personal computers, had a net profit of $1.3 billion, or 22 cents per share, compared with $2 billion, or 34 cents per share, a year earlier.

The company had been expected to show a profit, excluding special items, of $1.02 billion, or 17 cents per share, according to the average analyst forecast on Reuters Estimates. On that basis, Intel said it earned $1.5 billion, or 27 cents per share.

Intel has been struggling to restart profit growth by rolling out new products aimed at regaining market share lost to rival Advanced Micro Devices Inc. and by cutting costs through layoffs and the sale of money-losing businesses.

Intel shares have risen nearly 12% since the start of its third quarter in early July, but are still about 20% below a year-high level it touched early last December. AMD has risen 3% since early July and is down about 40% from its 52-week high hit in March.

Source

[1Frothy]

The will recover, Intel have totally unbeatable processors and the quad core is coming soon.

I see Intel regaining it's market share and profits, lets watch for the Q1,07 report. :)

[L3thal Veteran]

Next year the earnings and profits will shift.

[Techno_Funky]

There there my dear Intel dont worry you are going to rake in hellava lots of moolah already :yes: