Intel Profit Plunges 90% On Miserable Demand (INTC)

Anemic global demand for PCs is taking its toll on chip-maker Intel (INTC): The company reported today net income of $234 million, down 90% from a year earlier. EPS was 4 cents a share, in line with estimates. Revenue was $8.2 billion, down 23 percent, also in line.

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