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Intel Feels the Pinch Too
Cutting AMD off at the knees in Q4 left Intel limping a bit too. Sequentially Intel did great - revenues up 11%, hitting the top of its projections, income up 15%, operating income up 8% - enough for CFO Andy Bryant to characterize Intel's performance as a 'strong ending to a difficult year' - but the year-over-year comparison shows the blood spatter - revenues down 5%, earnings down 39%, and operating income down 55%. Specifically Intel earned $1.5 billion, or 26 cents a share, on revenues of $9.7 billion. After-hours trading sheared upwards of 4% off Intel's stock price, which was up 10% since the first of the year, even if Intel beat the Street coming in with 26 cents, a penny ahead of Wall Street's consensus, which only figured it would do $9.4 billion.
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