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Archive Home > 2009 > January > 16 > Intel profit plunges 90%, meets forecasts

Intel profit plunges 90%, meets forecasts


January 16, 2009

SAN JOSE, Calif. — 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....

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