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Intel preliminary 4Q08 figures show 20% sequential revenue decline - Intel preliminary 4Q08 figures show 20% sequential revenue decline
Mon, January 12 2009 | 6:56PM | PermaLink Feedback?
Intel has announced preliminary fourth-quarter financial information with revenues of approximately US$8.2 billion, down 20% sequentially and down 23% year over year. Revenues will be lower than the company's previous expectation, provided on November 12, 2008, as a result of further weakness in end demand and inventory reductions by its customers in the global PC supply chain.
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