The company introduced the Intel preliminary forecasts of financial performance in the fourth quarter of 2008. In fact, the final report for last quarter and for the full year 2008 will be presented to Intel on 15 January, but so far, according to recent forecast, the volume of sales for the fourth quarter declined by 20% compared with the previous quarter and by 23% compared with the same period last year.
The main reason for the fall of projections, according to representatives of companies linked to the continuing decline in demand and correction of stocks due to reduced market activity in the Christmas sales season than expected.
It should be recalled that Intel was originally expected earnings in the fourth quarter of 2008 at $ 10, 1 billion adjusted forecast promises something around $ 8, 2 billion
The measures led to some extent reduce the decline in key financial indicators for the quarter , Intel calls a reduction of RD and MG A, represent about $ 2, 6 billion, instead of previously planned $ 2 8 billion Restrukturizatsionnye costs while the company remained at the same level and amount to approximately $ 250 million