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Intel To Slash 5,000 Jobs; 5 Percent Of Workforce
2014-01-18 01:14:30| Agriculture - Topix.net
Intel plans to trim more than 5,000 jobs from its workforce this year in an effort to boost its earnings amid waning demand for its personal computer chips.
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Stock market live blog: Blue-chips buck down trend; Intel, UPS hit sentiment; EA soars
2014-01-17 19:08:04| Air Courier - Topix.net
As the week dominated by earnings from big banks wraps up, about 10% of the S&P 500 companies reported their profits.
Stock market live blog: Blue-chips buck down trend; Intel, UPS hit sentiment; EA soars
2014-01-17 18:42:37| Trucking - Topix.net
As the week dominated by earnings from big banks wraps up, about 10% of the S&P 500 companies reported their profits.
Intel posts modest growth in Q4, sees flat 2014
2014-01-17 09:07:00| Telecompaper Headlines
(Telecompaper) Intel reported modest growth for the fourth quarter, saying it sees signs of stabilisation in the PC market. The chipmaker's revenues rose 3 percent year-on-year to USD 13.8 billion, and the gross margin improved 4.0 percent points to 62.0 percent, at the high end of the company's outlook. Net profit increased 6 percent to USD 2.6 billion or 51 cents a share. The company generated USD 6.2 billion in cash from operations, paid dividends of USD 1.1 billion and used USD 528 million to repurchase 22 million shares of stock. Intel confirmed its outlook for 2014 of flat revenues, while noting its working on several new products that weren't on its roadmap six months ago, as part of efforts to stimulate sales. In 2013, Intel's core PC Client Group recorded revenues down 4 percent to USD 33.0 billion as demand for tablets eroded PC sales. The company's Data Centre activities grew a stronger 7 percent to USD 11.2 billion, while revenues from other products fell by 7 percent to USD 4.1 billion. In Q4, PC sales improved to 2 percent sequential growth and other architecture expanded by 4 percent from Q3. Intel forecast a slowdown in the first quarter, with group sales dropping to an estimated USD 12.8 billion.
As it misses earnings target, Intel talks up PC sales
2014-01-17 02:54:46| InfoWorld: Top News
Intel sees signs of a comeback for the PC market, with the company saying that fourth-quarter PC sales were higher in 2013 than in the prior year. That bit of optimism came as Intel reported moderate gains in its own revenue and profits for the just-completed fourth quarter of 2013. Still, the results reported by Intel today fell just short of the earnings Wall Street analysts were hoping for.
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