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Intel addresses processor shortages, CEO hunt after reporting disappointing fourth-quarter results |
January 25, 2019
Stealing a page from Apple’s recent earnings warning, Intel blamed a lack of demand in China as one of the reasons for reporting healthy fourth-quarter profits that were nevertheless less than Wall Street expected.Intel’s fourth quarter, traditionally the company’s strongest, capped what Intel said was a record-breaking year in terms of revenue. But Intel blamed China, weakness in cloud-computing customers, a weakened modem market, and an inability to manufacture enough processors as reasons the company’s revenues did not meet expectations. Intel’s manufacturing woes have been a source of questions since 2018, as has been when Intel will name a replacement for Brian Krzanich, Intel’s former chief executive, who unexpectedly stepped down about seven months ago. To read this article in full, please click here
Link: https://www.pcworld.com/article/3336444/components-processors/intel-addresses-processor-shortages-ceo-hunt-after-reporting-disappointing-fourth-quarter-results.html#tk.rss_all
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