Intel 4Q profit plunges 90 pct, meets forecasts
Thursday, January 15, 2009 - 17:49
in Mathematics & Economics
(AP) -- Intel Corp.'s fourth-quarter profit plunged 90 percent but still met Wall Street's subdued expectations Thursday, as the chip maker was hurt by wheezing PC sales that have crimped demand for microprocessors. Sales slumped 23 percent, in line with Intel's previous guidance.