Business Journal: Intel's Profits Down

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(Sacramento, CA)
Tuesday, January 16, 2007
The Intel Corporation is watched closely by many in Sacramento, because it’s one of the region’s largest employers. Their fourth-quarter earnings report, just out, shows a 39% drop in profits from the same period a year earlier – a profit of about $1.7 billion dollars, excluding one-time charges. That did beat analysts’ expectations. For the year, the drop in earnings was the same 39%. Intel continues with plans to eliminate 10,000 positions worldwide … and has so far shed about 500 positions at its Folsom campus.